- What is the motivation behind Walmart investing in a blockchain solution? to have an immutable tracking system to ensure products they buy are authentic and unspoiled before they sell to their customers and any issues that may occur will help them pinpoint the origin and be able to recall all the products from that specific deliverable.
- How will this new solution benefit us as customers? We’ll know that we are getting what they say they are giving us.
- How will this new solution benefit Walmart as a corporation? they save money from having to recall all products when they don’t know where the contamination came from and they’ll build trust with their customers because of the transparency in their supply chain.
- What was the missing piece in their solution before they found blockchain? Verifiability - being able to verify the information given them by their suppliers.
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- After a poisoning of the lettuce episode in 2018. Walmart understood that there was a need to be able to better trace the origin of the food sold to customers.
- The blockchain improves the traceability of the food supply chain, thus increases the chances for a bad product to be tracked and removed before it reaches the customer. In the event where a bad product has reached the customers, it allows for a faster intervention in identifying the affected products and customers.
- It will increase trust of the customer in the food offered by Walmart.
- They were missing a shared platform where the actors could see each others transactions and develop trust.
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1.more transparency about where and how a product came to
be, no more errors and to ensure the trust of consumers.
2.It will guarantee that food sold in the country is safe to eat
3.fraud and inaccuracies are much
harder to get away with, includes details related to farm origins, factory data,
expiration dates, storage temperatures, and shipping.
4.The missing piece was a shared forum where companies could begin to
see each others’ transactions and develop trust.
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1.)
- increase food safety standards
- make it faster to trace the source of food
- higher transparency of the food supply chain
- remove outdated manual processes
- reduce fraud by suppliers
2.)
The customers benefit from a transparent supply chain.
3.)
- Good PR
- Walmart will create more trust with its customers
- Greater trust between Walmart and its suppliers.
- In the long run very cost-efficient
4.)
“The missing piece was a shared forum where companies could begin to
see each others’ transactions and develop trust,” he said. “That missing piece is
something like the blockchain.”- Paul Chang
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- What is the motivation behind Walmart investing in a blockchain solution?
Right now it takes them a week to trace food without a blockchain solution. This does not allow them to cater to their customer’s needs a a well as they could.
- How will this new solution benefit us as customers?
Since blockchain technology slows them to trace the food origin in 2.2 seconds the food can be pulled off the shelf before it ever reaches customer’s hands.
- How will this new solution benefit Walmart as a corporation?
It will allow them to be more efficient and increase their customer happiness.
- What was the missing piece in their solution before they found blockchain?
Inconsistent information because of their not being a uniform process of uploading the data.
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- What is the motivation behind Walmart investing in a blockchain solution?
Food safety - How will this new solution benefit us as customers?
transparent supply chain - How will this new solution benefit Walmart as a corporation?
They shortened trace time from 7days to 2.2seconds - What was the missing piece in their solution before they found blockchain?
Inconsistency in uploading the data by subsupliers
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Motivation is to give the customer 100% truth on what they are buying, by giving transparency with the implementation of a blockchain.
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Will allow us to know the source, to feel safer when we shop, and that Walmart
actually cares for its customers. -
That makes them different to any other chain and it gives level of certainty and trust
in their products. -
Middlemen controlling the end-product, that is missing in every centalized institution.
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- To make the information in the supply chain transparent and make it easier to track products and find out of there has been any supply of an infected supply.
- To reduce the probability that the end consumers receive infected goods.
- Help with building trust with the customers. The quality of products will be enhanced. It will save time and money.
- Lack of trust in each part of the supply chain and a load of paperwork to do simple shipments. Difficulty in tracking of items.
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- What is the motivation behind Walmart investing in a blockchain solution?
To increase the speed in tracking food borne illnesses. - How will this new solution benefit us as customers?
This will increase the accountability of the food suppliers, shippers, and retailers making our food safer to eat. - How will this new solution benefit Walmart as a corporation?
They can increase their efficiency while providing a morally stable way of distributing food. - What was the missing piece in their solution before they found blockchain?
They were missing transparency between parties and an immutable system of tracking their products.
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- What is the motivation behind Walmart investing in a blockchain solution?
Food safety
- How will this new solution benefit us as customers?
We will be less likely to consume food with E. coli and getting sick
- How will this new solution benefit Walmart as a corporation?
Less litigation, save on legal fees, faster ability to trace a problem before it affects customers, better corporate image and being more responsible
- What was the missing piece in their solution before they found blockchain?
Could not track the source of the E. coli effectively as things were done manually-lacked transparency as well
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- What is the motivation behind Walmart investing in a blockchain solution?
- Walmart’s motivation behind investing in a blockchain solution revolved around food safety issues.
- How will this new solution benefit us as customers?
- This new solution will benefit customers as food safety issues are a big concern for most. When buying food ingredients and the provenance of these food items. This allows for Walmart to avoid any food safety issues from bacteria to consumer preference (allergies, intolerance, etc…)
- How will this new solution benefit Walmart as a corporation?
- This new solution will benefit Walmart by allowing them to have a trustless relationship with their suppliers which will ultimately allow for a trustless or better relationship with the consumer of Walmart’s products.
- What was the missing piece in their solution before they found blockchain?
- Walmart’s missing piece before the blockchain solution was the lack of transparency between parties along with the lack of immutability for provenance.
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1: Walmart motivation for blockchain solution is tracking foods in it’s supply chain fast.
2:It is beneficial for customers faster and in a clear manner
3:It will benefit Walmart by impressing customers with food safety.
4:The missing piece in the solution is the shared forum between companies.
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- **What is the motivation behind Walmart investing in a blockchain solution?
The initial motivation is the case with the contaminated spinach. Now that would be tracking food from producer to consument and find any abnormalities real quick. Eventually then build more trust with their clients, that the food is safe. - **How will this new solution benefit us as customers?
Bad batches of food can be traced to their source, making food safer overall. - **How will this new solution benefit Walmart as a corporation?
Their customers will have more trust in them and keep shopping at Walmart. Problems with the supply can be resolved faster and more cost)efficient. - **What was the missing piece in their solution before they found blockchain?
A shared forum where companies can see each other’s transactions and this way build trust.
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What is the motivation behind Walmart investing in a blockchain solution?
Bring consistency to their supply chain, to have transparency to aid tracking of contaminated produce. -
How will this new solution benefit us as customers?
This will protect us from contaminated food, as it allows the supermarket to rapidly tracking and tracing the suspect food item and take it off the shelve.
Also, it means the supermarket can be very specific with identifying the suspect batch, and so reduces the impact to customers.
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How will this new solution benefit Walmart as a corporation?
This should promote Walmart’s corporate social responsibility, as well as making potential supply issues easier and quicker to resolve, saving time and costs -
What was the missing piece in their solution before they found blockchain?
Very manual process, lacking transparency.
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1.They want to use hyperledger to verify and store data regarding the chain of ingredients for various goods to ensure quality control. They believe it will prevent future outbreaks of illness, and also help the supply chain ensure more trust among all parties.
2. We can have peace of mind knowing that there is accurate data detailing every step of the process for the food we consume.
3. It will ensure quality control and build consumer faith in their products.
4. The missing piece was a database from all companies allowing for openness and transparency among all partners in the supply chain.
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For being able to follow the products through out the whole supply chain
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For us as a costumer it will be more transparent
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It’ll be easier to find any problems
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The missing piece was the shareable “database”
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The motivation is to trace food’s origin and path within the supply chain in order to prevent contamination and to secure its safety for the consumer.
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Food production becomes more transparent and consuming food products safer.
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It improves their brand, keeps customers happy and decreases the possibility of costly withdrawals of products from market.
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A shared forum where companies would be able to see each others’ actions (traceability) and develop better trust (even though it’s not so much needed anymore) through transparency.
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What is the motivation behind Walmart investing in a blockchain solution?
Make the supply chain more efficiect and transparent and also reducing unecessary steps and process -
How will this new solution benefit us as customers?
The process will ensure that the products that customers receive are safe, have being growth or produced within the standards -
How will this new solution benefit Walmart as a corporation?
They have a higher degree of certainty that their products are safe, they wull also reduce costs and have a better quality control as well as better communication with its providers -
What was the missing piece in their solution before they found blockchain?
Access to all the parties involve in thesupply chain, as well as an immutable and trustless systems that ensure that all information provided is correct and according to the standards
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The motivation behind Walmart investing in a blockchain solution is to improve food safety by being able to reliably track the supply chain right back to the source.
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Customers benefit through increased safety and transparency.
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This new solution will benefit Walmart by providing a way to track how meat has flowed from producers to distributors and retailers, and finally to customers.
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The missing piece was a shared forum where companies could begin to see each other’s transactions and develop trust.
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- Walmart is investing in blockchain to improve its supply chain to make every product more traceable throughout the supply chain.
- As customers we can rest easy knowing our food is coming from where it says it did and we can trust that it is now less likely to have some sort of contamination when we buy it.
- This new solution with make Walmart innovators in the food industry, improve the safety of their customers health and benefit the stakeholders involved.
- Before blockchain the missing piece of their solution was one common public ledger that everyone in the supply chain could use.
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