Supply Chain - Reading Assignment

Blockchain Business Course
#482
  1. so they can track their supply chain better in case of any contamination or issues. so it is much quicker to track down the problem and products that are problematic. It also make things irrefutable and any fraudulant inputs traceable.
  2. if any issues comes up, the source can be tracked down much quicker and products recalled quicker. it will also improve the safety and reliability of products.
  3. people will buy their products with more trust & faith and hence customer retention will be greater.
  4. an immutable database and also a streamlined platform for the information to be uploaded to.
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#483

Supply CHain HYperledger- Homework
1- THey are trying to have full and consistent information about all the phases of the food chain supply until the final consumer.
2- If there is food in bad conditions it can be detected befor it rechas the final consumer.
3- it creates confidence and trust in consumers and customers and that will have an impact in the value of the company
4- The process to trace the origin of a specific food was too slow, it took over 7 days to trace the source of food, now with BC it takes 2 seconds.

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#484
  1. Walmart wants to add additional checks to verify the source, and supply chain of it’s products. This will make it more difficult for the products to be switched or altered. It will also show any differences in the normal process.
  2. Higher degree of trust in the safety of products if every step in the process is audited.
  3. Higher customer satisfaction. No recalls of dangerous products
  4. they had no visibility of the supply chain
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#485
  1. What is the motivation behind Walmart investing in a blockchain solution? The ability to accurately trace the supply chain of their food products to ensure safety and to ensure consumers feel safe purchasing products.
  2. How will this new solution benefit us as customers? The ability to trust the history of the food we purchase, and the knowledge that recalls are effective and accurate.
  3. How will this new solution benefit Walmart as a corporation? If a recall is required it can accurately identify the specific products that need to be recalled, ensuring that consumers do not loose faith in an entire product category.
  4. What was the missing piece in their solution before they found blockchain? the information was silo’ed, inconsistent, or not properly recorded, could not be verified or trusted.
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#486
  • What is the motivation behind Walmart investing in a blockchain solution?

To be less bogged down by manual processes in the food supply chain and to creat more transparency and traceability.

  • How will this new solution benefit us as customers?

Better food safety, which is traceable.

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

The food supply chain becomes more traceable, transparent and fully digital.

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

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.

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#487
  1. To better track their products throughout their supply chain and improve the shipping and delivery efficiency
  2. By optimising the their supply chain, the customer will get the right product faster and probably at lower cost
  3. It will optimise the cost of their supply chain and deliver good quality product on time, this will make their customers satisfied.
  4. Effective and trustless communication and delivery from different parties of the supply chain
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#488
  1. To be able to better track the supply chain of their produce
  2. I greatly reduces the chances that contaminated food reaches customers
  3. Puts more trust into the company and reduces the resources needed to trace when needed.
  4. They would have to trace back file by file through each supplier to trace goods.
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#489
  1. The supply chain processes are very hard and time consuming.
  2. Data will be available faster, thus reducing risks of e-coli for example.
  3. Reduced costs by having better processes.
  4. Establishing trust between all parties.
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#490

  1. To make the tracking of the supply chain faster, more secure and more relaiable.

  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. By placing a supply chain on the blockchain, it makes the process more traceable, transparent and fully digital. Blockchain makes it much easier and faster to see if one of the affected farms sold infected supply to a particular location with much greater precision.

  4. Lack of transparency and consistency of the data between the parties of the supply chain.

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#491
  1. What is the motivation behind Walmart investing in a blockchain solution?
    To be able to make the supply chain of the food more transparent and let it work more efficiently.
  2. How will this new solution benefit us as customers?
    It reduces the likelihood of infected food drastically.
  3. How will this new solution benefit Walmart as a corporation?
    It’s way easier to track everything and ultimately saves costs for the company.
  4. What was the missing piece in their solution before they found blockchain?
    There were different systems used by the different actors in the supply chain, not being able to communicating properly with each other.
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#492
  1. The motivation is food safety.
  2. Customers will benefit from transparency, peace-of-mind that food safety is ensured.
  3. Walmart will potentially benefit from increased sales.
  4. The missing piece was a shared forum where companies could see each others’ transactions and develop trust.
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#493
  1. What is the motivation behind Walmart investing in a blockchain solution?
  • prevent disaster scenarios of tainted food
  • give consumers confidence in good products
  1. How will this new solution benefit us as customers?
  • more transparency about where and how a product came to be
  • substantial reduction of the likelihood that infected food will reach many consumers
  1. How will this new solution benefit Walmart as a corporation?
  • more trust in the brand by consumers
  • easier and faster management of the supply chain
  • reduced costs
  1. What was the missing piece in their solution before they found blockchain?
  • “a shared forum where companies could begin to see each others’ transactions and develop trust”
    = a trustworthy database that can be accessed by different companies
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#494

  1. A deadly strain of E. coli bacteria in tainted spinach ripped through 26 states and tracing contaminations - goes horribly wrong.

  2. Is designed to provide the retailer with 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 us.

  3. Prevent disaster scenarios like E. coli by tracking all transactions and then alleviate all that and ensure consumer confidence continues.

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

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#495
  1. What is the motivation behind Walmart investing in a blockchain solution?
    To determine everything there is to know about a product so that if a calamity happens one could pinpoint the sourcing of food/product in the supply chain and stop the problem from spreading and cut the problem off the source
  2. How will this new solution benefit us as customers?
    It will provide consumers confidence as many additional layers of information such as where, how, when, why etc a product or good was transferred. Much more confidence into the origins and handling of the product.
  3. How will this new solution benefit Walmart as a corporation?
    Walmart will have better control and understanding of its supply chain
  4. What was the missing piece in their solution before they found blockchain?
    A viable trust worthy solution for supply chain that was authentic and trustworthy
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#496
  1. What is the motivation behind Walmart investing in a blockchain solution?
  • To provide more security and transparency for consumers and businesses. This is achieved by recording transactions indicating, in this case, “ how meat has flowed through a commercial network, from producers to processors, to distributors to grocers—and finally, to consumers”.
  1. How will this new solution benefit us as customers?
  • By offering the customers a transparent way of checking, being able to track products, their exact providence, date of produce and quality.
  1. How will this new solution benefit Walmart as a corporation?
  • The supply chain process becomes more efficient, it allows Walmart to eliminate processes that do not add value. Each product can be tracked through, not only from produce but the journey through - particularly how and when it is transported, what temperature, best by or expiry dates, etc. This data gives the chance to manage more efficiently and benefit the business.
  1. What was the missing piece in their solution before they found blockchain?
  • Previously, they had used barcodes and tags, but according to IBM, “The missing piece was a shared forum where companies could begin to see each others’ transactions and develop trust”. Just like Blockchain.
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#497

1- The need for more transparency ,traceable and more digitally supply chain.
2- It will provide more safety into the products.
3- It reduces the time to trace a product. It is cost effective.
4- Transparency of transaction will provide trust between the parties involved.

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#498

  1. Its motivation is to keep better track of food supply, that insures transparency and full trackability.

  2. We would have full transparency and no commercial would be able to tell us lies when we could check origin data on blockchain, much like origintrail is doing.

  3. It makes it easier for them to rule out infected foods (it took aprox. 7 days to track its origin, now it takes 2s) and the food is safe to consume overall and simple auditing of blockchain.

  4. An immutable database accessable to all participants, to check/verify information.

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#499
  1. Motivation was to track down a source of a food problem
  2. We will know that a food problem can be tracked in 22 seconds
    3 the corp will have a better reputation
  3. Missing piece was it took too long to track down a source
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#500

  1. What is the motivation behind Walmart investing in a blockchain solution?
    By placing a supply chain on the blockchain, it makes the process more traceable, transparent and fully digital. This way, things like E-Coli breakouts can quickly be traced, tracked and resolved.

  2. How will this new solution benefit us as customers?
    That substantially reduces the likelihood that infected food will reach the consumer.

  3. How will this new solution benefit Walmart as a corporation?
    Builds trust in the supply chain as well as efficiency.

  4. What was the missing piece in their solution before they found blockchain?
    A shared platform where information could be securely stored and exchanged by all parties in a uniform fashion.

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#501

1+3. What is the motivation behind Walmart investing in a blockchain solution?
Walmart aims to reduce the lead time on product tracing to better respond to food recalls.

  1. How will this new solution benefit us as customers?
    Customers will be better protected from food born illness outbreaks, and consumers can scan packaging codes and see the full trajectory of the product’s supply chain.

  2. What was the missing piece in their solution before they found blockchain?
    a permanent database that is distributed and gathers information from across the supply chain.

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