Supply Chain - Reading Assignment

Blockchain Business Course
#361

  1. Improve food safety overall by increasing efficiency and effectiveness of tracing details in the food delivery process, with greater precision too (digitalize the food supply chain).

  2. For this particular example, it used to take 7 days to trace the source of food. With the new solution implemented, it has been reduced to 2.2 seconds, which decreases the chances of the infected food reaching the customers. There will be more transparency to the customers since they can see a clearer supply chain.

  3. As a corporation, it would lower the auditing costs and increase efficiency in the long run and perhaps improve the company’s image and gain customers confidence in the products sold (likely more safe for consumption).

  4. Lack of transparency in the food chain (grey areas), similar to many traditional businesses, particularly in logistics, that were hard to audit / track.

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#362

1. What is the motivation behind Walmart investing in a blockchain solution?
They think is not only important to have fair prices or nice services, they also want transparency about the treatment, conditions, storage, locations, lead-time and place of origin!
They want to have a full view of the food system retrievable in seconds, not in days. All stakeholders should use the same application to bring the necessary data’s on the blockchain.

2. How will this new solution benefit us as customers?
We will have a fast overview about the product and get the prove for what we pay (transparency).

3. How will this new solution benefit Walmart as a corporation?
Expired or contaminated goods can be marked within seconds. The technology provides a safe and transparent journey for goods to demonstrate they live up to their values (trust of the customers).
They also benefit from a more cost-efficient system, as they have better and faster data’s available.

4. What was the missing piece in their solution before they found blockchain?
There are many stakeholders in the complex food-system and ever segment does the traceability in their own way (most still on paper). Blockchain brings them all together on one layer and brings trust in the system.

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#363

Supply Chain - Reading.

  1. The motivation behind Walmart investing in blockchain is the difficulty of tracing the source of the food and the heavy manual processes involved in the delivery of the produces.

  2. The new solution will benefit us as customers in that we will always have fresh green produces on time free from diseases.

  3. The blockchain solution will benefit Walmart as a corporate as follows

  • reduce processing time

  • significantly reduce manual paperwork of processing

  • traceability - will be a able to trace the source of its produce in a much more quicker way

  • able to provide safe food for its customers

  • provide immutability once data is logged to the blockchain.

  • will get transparency in the whole supply chain.

  1. The missing piece in their solution before they found blockchain is transparency and the traceability (through digitization of the supply chain) which is provided by blockchain
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#364

1- What is the motivation behind Walmart investing in a blockchain solution?
It will provide a way to indelibly record transactions showing how products have flowed through their network and reached consumers and improve relationships / build trust between Walmart and the other organisations in the supply chain.

2- How will this new solution benefit us as customers?
It will increase trust between consumers and Walmart (as customers will get transparency and traceability about where their food was produced and how it got on to the store).

3- How will this new solution benefit Walmart as a corporation?
It will streamline their operation, eliminate more waste and ensure the food they provide is safe. It is very likely the increased trust between companies and increased trust from consumers will also make other companies want to become involved and more shoppers want to shop in Walmart.

4- What was the missing piece in their solution before they found blockchain?
A shared forum where the companies could see each others’ transactions and develop trust.

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#365

  1. To make supply chain more transparent, so that the sources of products are easily traced and verified.

  2. It will give consumers the ability to see where exactly the product came from and how, therefore become more thansparent. This will help consumers make more consious decisions about products they buy.

  3. Walmart will gain more trust from the consumers. Also, the company will be able to trace the origin of products to eliminate any irresponsible sources that provide bad products.

  4. The missing piece was the ability of different participants of the supply chain to see each other’s transactions and build trust throughout the supply chain. The single source of truth was needed - and that`s where blockchain comes in :slight_smile:

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#366
  1. The motivation is to track and pinpoint every major aspect of the food chain. This way could prevent and/or stop contamination chains;
  2. Transparency and safety to the products from the origin and easy to consumers check it, is the excellence of any supply chain. For consumers transparency with trust is the Holy Grail;
  3. Reliable food chains equals to more savings and less problems to solve, and trust products for consumers equals to more profits;
  4. Missing piece was the connection of distributors to grocers to consumers in a trust and reliable way.
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#367

  1. Walmart’s motivation behind investing in a blockchain solution was to provide transparency in their supply chain.

  2. The blockchain solution will benefit customers by providing them with trust through transparency of supply chain.

  3. The blockchain solution will benefit Walmart as a corporation by enabling them to cut costs in their supply chain while improving the company’s image through transparency.

  4. The missing piece of Walmart’s solution prior to blockchain was unknown origin of products.

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#368

  1. By placing a supply chain on the blockchain, it makes the process more traceable, transparent and fully digital. Each node on the blockchain could represent an entity that has handled the food on the way to the store, making it much easier and faster to see if one of the affected farms sold infected supply to a particular location with much greater precision.

  2. Before moving the process to the blockchain, it typically took approximately 7 days to trace the source of food. With the blockchain, it’s been reduced to 2.2 seconds. That substantially reduces the likelihood that infected food will reach the consumer.

  3. Better And mor efficient control of food supply, reducing costs and improving quality of food for their customers.

  4. Supply chain control was slow and inneficient, and not transparent.

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#369

  1. To track the details of their supply chain more efficiently and to verify details related to food safety

  2. Provides transparency about the products and how they got to the consumers

  3. This benefits Walmart by building trust and transparency with their customers, will give them easy-to-retrieve and accurate information about their supply chains and will reduce costs

  4. They needed a way to accurately and transparently track their supply chain on a digital platform and automatically trace affected food instead of waiting days or weeks

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#370

1.To make the information in a supply chain system for tracking products being shipped more secure, efficient and reliable.
2.Provides transparency of the products journey from distributor to the consumer. (We are what we eat.)
3.Should improve the quality of the product and prevention of possible lawsuits. They will also have more access to information from all entities involved in the supply chain.
4.Lack of trust in preservation of goods from one party to the next, also lacking a consistent platform to keep records of each step of the shipping chain.

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#371
  1. The motivation is not only traceability of their food (vegtebales/fruits) but transparency. Customers want to know from where the vegtebales and fruits came from and how they were treated.
  2. We will know exactly from where the food comes from and will get additional information how it was grown and processed.
  3. It will increase their level of trust in the face of their customers and it is much faster to track all the steps on a digital ledger.
  4. The missing piece was a shared forum where participants could watch each others transactions and building trust.
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#372

1.) What is the motivation behind Walmart investing in a blockchain solution?
To track and pinpoint where food came from to prevent disaster scenarios like the fatal, nationwide E.coli outbreak a decade ago.

2.) How will this new solution benefit us as customers?
How will this new solution benefit Walmart as a corporation?
Customers have more transparency about where and how a product came to be. / It eliminates layers that exist today that add very little value to the industry.

3.) What was the missing piece in their solution before they found blockchain?
The missing piece was a shared forum where companies could begin to see each others transactions and delevop trust.

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#373
  1. It facilitates the tracking of food in the supply chain and transparency.
  2. We would be able to see the provenance of our food.
  3. It will save them a lot of time and effort in keeping the supply chain efficient.
  4. The missing piece was a shared forum where companies could begin to see each others’ transactions and develop trust
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#374
  1. The motivation behind Walmart investing in a blockchain solution was to improve transparency across the supply chain.
  2. This new solution benefit us as customers as we would better be able to see where our food has been and where it came from. Thus increasing trust in our food supply.
  3. This new solution will benefit Walmart as a corporation as they will better be able to ensure the quality of their products, and to quickly act should there be a problem. Thus maintaining customer confidence and loyalty.
  4. The missing piece in their solution before they found blockchain was a “shared ledger”, i.e. a shared forum where companies can share their transactions and develop trust with each other.
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#375

  • What is the motivation behind Walmart investing in a blockchain solution?

    • Increased food safety can be acheived with the greater transparency that blockchain provides

  • How will this new solution benefit us as customers?

    • Customers r at less risk to receive unsafe, infected food

  • How will this new solution benefit Walmart as a corporation?

    • Walmart can trace origins of iss food with far greater speed, n precision
    • They will incure smaller losses when a food safety concern arises

  • What was the missing piece in their solution before they found blockchain?

    • They needed a universal, standardized, user-friendly way to upload data to the blockchain
    • basically they needed a simple onboarding system

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#376
  1. The motivation of Walmart to invest in a blockchain was the food safety, but also making the process more traceable, transparent and fully digital.
  2. It provides transparency of the products and the customer is able to trace the food.
  3. The shipping is much faster and their brand more trusted
  4. It was a shared forum, now with blockchain the transparency of transaction enable to develop the trust.
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#377

[quote=“filip, post:1, topic:6393”]

  • What is the motivation behind Walmart investing in a blockchain solution?
    The help track food of where it came from and it’s origins.

  • How will this new solution benefit us as customers?
    We would know where and how our food came from or how it was processed from the time it was made/created to the end product.

  • How will this new solution benefit Walmart as a corporation?
    Reduce in fraud and inaccuracies on claims of food products.

  • What was the missing piece in their solution before they found blockchain?
    The missing piece was a shared forum where companies could begin to
    see each others’ transactions and develop trust.

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#378
  1. What is the motivation behind Walmart investing in a blockchain solution?
    Process was manual and it was difficult and slow to trace the source of food.
  2. How will this new solution benefit us as customers?
    Transparency of where goods have come from, helps to ensure the safety of goods by quickly tracing any issue back to the source. Less likely that infected food reaches the end consumer.
  3. How will this new solution benefit Walmart as a corporation?
    Problems with safety can be quickly identified and avoid potential large costs and loss of revenue while an issue is investigated. They will gain better actionable data from their suppliers.
  4. What was the missing piece in their solution before they found blockchain?
    Lack of a consistent and transparent process. Placing on a blockchain made the process more traceable and fully digital.
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#379
  1. What is the motivation behind Walmart investing in a blockchain solution?

Walmart wanted a reliable way of tracing food and possible contamination.

  1. How will this new solution benefit us as customers?

Makes it easier to determine what food is safe and what not and reduce contamination from spreading.

  1. How will this new solution benefit Walmart as a corporation?

It will give confidence to their customers and reduce losses if there is a contamination in the chain somewhere.

  1. What was the missing piece in their solution before they found blockchain?

A way to indelibly record a list of transactions indicating how meat has flowed through a commercial
network, from producers to processors to distributors to grocers—and finally, to consumers.

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#380
  1. Better tracking of food products through the supply chain to assure quality
  2. Gives customer more confidence in the quality and safety of the food they purchase from Walmart
  3. Improve their public perception as a customer safety oriented business
  4. They were unable to easily confirm the quality of the pork as it moved from producer to consumer
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