Supply Chain - Reading Assignment

Blockchain Business Course
#381

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Walmart wanted to be better at tracking and determining the source of their supply of food quickly and to better ensure their quality.

  2. How will this new solution benefit us as customers?
    With blockchain, Walmart is able to trace sources of their food in as little as 2.2 seconds as opposed to 7 days using traditional methods. This better prevents contaminated foods from reaching customers.

  3. How will this new solution benefit Walmart as a corporation?
    It increases the confidence of customers buying food as Walmart.

  4. What was the missing piece in their solution before they found blockchain?
    The previous method was slow and outdated for the 21st century as well as non-transparent.

1 Like
#382

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

  • To create a safe, traceable and fast supply chain.

2 How will this new solution benefit us as customers?

  • Traceability in the blockchain reduces the likelihood that infected food will reach the customer.
    cheaper cost, safe and fast.

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

  • To track and trace an item back to the source takes 2,2 sec digitally instead 7 days manually.
    It saves a lot of money, time and it’s safe.

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

  • Traceability more than one step up and one step down. Now the information is accessed by all
    nodes.
3 Likes
#383

  1. What is the motivation behind Walmart investing in a blockchain solution?
    To more effectively tracked down and see where infected food is coming from to further prevent infected food from reaching the store.

  2. How will this new solution benefit us as customers?
    Well since it uses a provenance method, Walmart would be able to track the infection from it source a lot faster, prompting corrections or even completely removing the farmer from their supply chain.

  3. How will this new solution benefit Walmart as a corporation?
    It will build trust between Walmart and it’s customers further increasing business for their establishment .

  4. What was the missing piece in their solution before they found blockchain?
    The missing piece was faster traceability and the transparency of the product.

1 Like
#384

1,
To create a transparent and secure line between suppliers on consumers.
2,
Customers will get their right and expected product and has ability to look through of a product’s source
3,
Will continue to supply the right product with secure and without loosing hypermarkets.
4,
The missing piece was a shared forum to see each other’s transactions.

2 Likes
#385

Supply Chain - Reading Assignment

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Food supply safety is an essential component for Walmart. They encounter inefficiencies in their supply infrastructure every day and have decided to make a change with blockchain vendor tracking - this means that source and handlers of their product are now effectively on blockchain with help of IBM. Obvious improvement is speed of tracking source of any vegetables, for example, this decread source tracking time from 7 days to 2.2 seconds.

  2. How will this new solution benefit us as customers?
    When consumers realize what systems Walmart is deploying to secure quality, they will, hopefully be appreciative of quality control applied by Walmart. In turn, this will, over time establish Walmart as one of leading companies using blockchain solution for improved product quality.
    Additionally, other companies will follow suit and integrate similar systems in order to achieve same or similar level of consumer confidence.

  3. How will this new solution benefit Walmart as a corporation?
    The sooner Walmart starts this, the better in long term for their image and customer loyalty. They are building their system while others are just discovering what blockchain can do for them. “First mover” advantage will pay off over time.

  4. What was the missing piece in their solution before they found blockchain?
    Every vendor would use their own system or log approach to report product flow and source record. With Hyperledger Fabric they could now integrate common data sharing, reporting and tracing - this is the true power of blockchain within supply chain environment.

G.

2 Likes
#386
  1. After several public health scares over tainted food supplies which lead to multiple deaths, Walmart decided a foolproof system of ensuring Quality and safety in the food supply from producing to store , it picked blockchain tech. as being the best solution.
    2.It provides a transparent picture of the food item involved from harvest to dinner plate, and would lead to everyone in the supply chain to take more responsibility for their role.
  2. It has clear and precise information and traceability on individual items and can quickly trace and pinpoint items from supply to end user if any problems should arise ,such as in the event of a callback over safety fears.
  3. Traceabilty, identify where in the supply chain the problem arose and finding exact location of items for recall.
1 Like
#387

1. What is the motivation behind Walmart investing in a blockchain solution?
Walmart wants to achieve traceability to ultimately provide transparency to the customer by providing information of the supply chain management right from the farm where food was produced to the store where customer buys it.

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

  • Customer will know where their food is coming from, how it was produced, handled, transported thus giving more transparency and creating trust between the seller and the end buyer
  • with the help of blockhain, supply chain is more traceable, in an event when the food produce has e.g. e-coli breakout, companies can easily pinpoint the farm and where it came from and remove it from the store shelf thus protecting customers from the contamination.

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

  • Walmart will create Trust amongst Customer and ultimately a preferred company to shop with.
  • By having more and more suppliers on the blockchain will reduce paperwork, manual process, data being stored in multiple places etc will provide better insight into business and how to efficiently serve end customer.

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

  • A distributed ledger that every supplier can trust, permissioned and bring every player of the supply chain ecosystem under one single truth of data.
1 Like
#388

The main motivations were efficiency and transparency. The blockchain addresses multiple layers in the process with different processes, and standardizes it across the chain. The speed of researching an item is dramatically improved, leading to many benefits for the company and consumer.

As a customer, we can be quickly updated on whether the food we are buying is safe to eat when there is a concern.

As a corporation, it will save a tremendous amount of money, and will enable them to create applications and offerings to consumers. Also, by immediately knowing if they are affected by a food contamination issue, they will be able to keep the unaffected food available on the shelf, reducing spoilage, and saving money.

The main missing piece for Walmart was the ability to quickly track the history of their food items to ensure that they can handle any issue without pulling items from their shelves.

2 Likes
#389

  1. What is the motivation behind Walmart investing in a blockchain solution?
    -> Automate manual processes the ensure faster and more reliable tracing of food.

  2. How will this new solution benefit us as customers?
    -> It will increase transperancy in the supply chain of the food. Furthermore in case there is an issue with a certain batch/food it’s more efficient to trace it back to the source.

  3. How will this new solution benefit Walmart as a corporation?
    -> Issues with food safety can be quickly identified and corrected. Compliance increase in regards of tracebility.

  4. What was the missing piece in their solution before they found blockchain?
    -> The missing piece was a comon platform to tackle/share information and create a comon trust along the supply chain.

1 Like
#390
  1. for tracking in their supply chain
  2. Gives the customer a more transparent view of the supply chain
  3. More efficient in supply tracking can mitigate issues that might cause law suits against them
    4 A shared ledger that all would show all transactions from farm to store
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#391

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Avoid food crisis related to poor quality standards from some suppliers. Identify and remove affected food products faster.

  2. How will this new solution benefit us as customers?
    Gives customers transparency of knowing where food items came from and how it was handled.

  3. How will this new solution benefit Walmart as a corporation?
    Reduce time to identify food items affected by health crisis and allows the company to remove these while continuing to sell foodstuff not affected.

  4. What was the missing piece in their solution before they found blockchain?
    A database where the supply chain information could be shared and kept synchronized across supply chain.

2 Likes
#392
  • Have all information provided from origin to destination, easily tracked and secured.
  • Knowing what we are exactly eating (the whole route of the food), and feeling safe that we are eating good food.
  • Have a trustless system, knows where the food its buying is coming from and being 100% that it’s safe, cost-effective system, can track any misinformation/mistake back to where it happened quickly.
  • Lack of trust, transparency, and not enough records for each step.
1 Like
#393

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Consumers nowadays want to have more transparency about where their products/food is coming from. being able to trace exactly where the food comes from gives this transparency. In case of a contamination or other disadvantage events it will be very easy to trace ( and act) where in the supply chain this comes from

  2. How will this new solution benefit us as customers?
    this will offer the transparency that customers are looking for. it will also help them to make a decision whether to purchase a product or not

  3. How will this new solution benefit Walmart as a corporation?
    Walmart will benefit from the same traceability, being able to trace exactly where a product comes from and is “going”

  4. 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

1 Like
#394

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Rapidly and reliably tracing the source of food by making their supply chain more transparent, traceable and digital. This allows for e.g. reducing the likelihood of selling infected food products.

  2. How will this new solution benefit us as customers?
    We are less likely to purchase and consume infected food items

  3. How will this new solution benefit Walmart as a corporation?
    Ensuring food safety and making audits of suppliers efficient and therefore gaining customer trust

  4. What was the missing piece in their solution before they found blockchain?
    The element of rapid traceability through a transparent append-only (immutable) database allowing tight control, auditing and thus the development of greater trust in B2B and B2C relations.

1 Like
#395

.) What is the motivation behind Walmart investing in a blockchain solution?
A.)NUMBER ONEPRIORITY WAS FOOD SAFETY
2.) How will this new solution benefit us as customers?
A.) THE BIGGEST CUSTMER BENEFIT IS A MORE TRANSPARENT SUPPLY CHAIN
3.) How will this new solution benefit Walmart as a corporation?
A.) i.)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. - big win.
ii.) long term - gaining customer loyalty and trust.
iii.) long term customer onboarding and retention- wil result in lower marketing spend.
iv) cost saving.
4.) What was the missing piece in their solution before they found blockchain?
A.)traceability and food safety.

1 Like
#396
  1. What is the motivation behind Walmart investing in a blockchain solution?
    To provide transparency to the retailer
  2. How will this new solution benefit us as customers?
    The retailer can 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.
  3. How will this new solution benefit Walmart as a corporation?
    Eliminate valueless layers in the industry by accurately storing information such as details related to farm origins, factory data,
    expiration dates, storage temperatures, and shipping.
  4. What was the missing piece in their solution before they found blockchain?
    a shared forum where participants could begin to
    see each others’ transactions and develop trust
1 Like
#397

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Walmart was motivated to invest in blockchain after the tainted spinach event of 2008.

  2. How will this new solution benefit us as customers?
    The solution gives customers greater assurance that the food supply is safer and contaminants are easier to prevent, locate thus reducing injury and loss of life from tainted foods.

  3. How will this new solution benefit Walmart as a corporation?
    Walmart benefits as the risk of financial and reputational harm is mitigated.

  4. What was the missing piece in their solution before they found blockchain?
    There was not a proper way to quickly track and locate the source of contaminants and quickly remove the food from food supplies,

1 Like
#398

  1. Walmart’s motivation is to making a safer and efficient food system.

  2. Customers benefit because they can trace their there food back to the farm and therefore have greater trust that the food they are buying is safe.

  3. Walmart as a corporation can save an enormous amount of money and time using blockchain solutions.

  4. What was missing without blockchain was the ability for all parties in the supply chain to share a digital, trustless, and transparent ledger.

1 Like
#399
  1. What is the motivation behind Walmart investing in a blockchain solution?
    Ease of tracking and better safety procedures
  2. How will this new solution benefit us as customers?
    Better quality and safer produce
  3. How will this new solution benefit Walmart as a corporation?
    Reduce time, reduce expense, reduce adverse events
  4. What was the missing piece in their solution before they found blockchain
    Inability for all suppliers to share traceable information
1 Like
#400

  1. To improve traceability, transparency, and efficiency of their food supply chain.

  2. It will substantially reduce the likelihood that infected food will reach the consumer.

  3. They will save time, money, and have less bad press due to contaminated food.

  4. The missing piece was a shared forum where companies could begin to see each others’ transactions and develop trust.

1 Like