Supply Chain - Reading Assignment

Blockchain Business Course
#502

  1. What is the motivation behind Walmart investing in a blockchain solution?
    They want to keep track of the origin and ensure the quality of food along the supply chain.

  2. How will this new solution benefit us as customers?
    We can rely on our food being sound.

  3. How will this new solution benefit Walmart as a corporation?
    It will automate and improve their quality procedures and keep their products safe.

  4. What was the missing piece in their solution before they found blockchain?
    They needed an immutable database that could be accessed by all parties in the supply chain.

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#503

1: To do a better job of tracking supply chains and ship more efficiently

2: We as consumers will get far more clear tracking information and get real-time updates.

3: Help reducing shipping costs and wasted products.

4: Lack of trust in the preservation of goods from one party to the next.

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#504
  1. Better traceability and transparency for their food products from suppliers.
  2. Before blockchain was implemented it took 7 days to trace the source of food, with blockchain it takes 2.2 seconds. This reduces the chance that infected food will reach the consumer.
  3. Blockchain allows Walmart to have fast, secure access to end to end supply chain information - single source of truth. Verifiable authenticity and immutability of digital documents. The cost savings on physical paper work going back and forth, saves not only money but time as well.
  4. Shared digital ledger for the corporation and their suppliers to be agreed upon.
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#505
  1. The motivation behind Blockchain was that supply chain was bogged down in manual processes.
  2. Blockchain enables customers to have a more transparent Blockchain and avoid having food that is infected.
  3. Blockchain helps Walmart to processes to more traceable, transparent, and fully digital.
  4. The missing link was that the database was not trackable.
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#506
  1. What is the motivation behind Walmart investing in a blockchain solution?

E. Coli food poisoning that happens about a decade ago killing 3 people and sickening more than 200 others. The goal is to be able to track meats throughout the supply chain (producers, processors, distributors).

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

We will be able to benefit from a higher level of transparency.

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

This solution will help Walmart improve its supply chain setting with the potential of higher efficiency and increased revenues.

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

The missing piece was a shared forum where companies would be able to communicate, see each others transactions in a trusted way.

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#507

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Making the supply chain of food more transparent and more efficient to track.

  2. How will this new solution benefit us as customers?
    It increases the safety of food by efficiently tracing issues (like infected food or a bad charge) to the corresponding part of the supply chain.

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

  • By increasing the trust of customers in the brand
  • By reducing labor costs along the supply chain
  • By securing the supply chain and therefore reduce risk of issues along the supply chain which
  1. What was the missing piece in their solution before they found blockchain?
    Before the blockchain solution, there where different systems along the chain interacting with each other through interfaces. The missing piece was one database over the whole process.
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#508
  1. the motivation is to track and pinpoint where the product comes from faster to solve contamination issues and keep consumer confidence.
  2. This solution will give consumers transparency about where and how a product comes to us.
  3. the solution will allow companies to see eachothers transactions to develop trust and keep consumers safe.
  4. ensuring that food sold in the country is safe to eat before shipping overseas.
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#509

1. What is the motivation behind Walmart investing in a blockchain solution?
A: Getting a secure and transparent way to track leafy green vegetable through the entire supply chain.

2. How will this new solution benefit us as customers?
A: Increased safety as issues that may impact consumer’s health can be tracked down almost instantly, prompting immediate action

3. How will this new solution benefit Walmart as a corporation?
A: It provides Walmart with a rapid and effective way of tracking its supply chain and promotes its reputation among consumers by the added trust on the safety of the products Walmart sell

4. What was the missing piece in their solution before they found blockchain?
A: Before moving the process to the blockchain, it took Walmart approximately 7 days to trace the source of food. With the blockchain, it’s been reduced to 2.2 seconds. This is game changing when it comes to reduce the likelihood that infected food reaches the consumer.

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#510

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Food from farm/field to store and everything in between.

  2. How will this new solution benefit us as customers?
    Gives us a very transparent supply chain. Instead of the previous 7 days, any contaminated food (or foods with other challenges) can be identified almost immediately thus facilitating appropriate actions taken very quickly.

  3. How will this new solution benefit Walmart as a corporation?
    Trust and confidence in the foods they are selling will increase. Appreciation from customers for leading the way with introducing this technology in their stores while understanding the same will be utilized with other retailers as well - in everyone’s best interest.

  4. What was the missing piece in their solution before they found blockchain?
    Suppliers were using different documentation methods which made it very difficult to trace food movement.

2 Likes
#511

  1. The motivation behind Walmart investing in a blockchain solution is food safety. By placing a supply chain on the blockchain, it makes the process more traceable, transparent, and fully digital.

  2. This new solution will benefit us as customers because the supply chain is fully transparent, we will know where the food was made, which factory did it pass to, and so on in a few seconds.

  3. This new solution will benefit Walmart because they can make sure food that is sold at their store is safe for consumption, and if there is a problem, they can audit the activity in the supply chain.

  4. The traditional database is not immutable. Admin can change the data. However in blockchain database, all data is immutable, bringing more trust to the customer.

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#512
  1. What is the motivation behind Walmart investing in a blockchain solution?
    Give better transparency to the customer about food products (where does it come from), to localise poisoned food faster
  2. How will this new solution benefit us as customers?
    Customers have a better transparency and better choice, they see where the product comes from and how it became to be. Food is safer to consume.
  3. How will this new solution benefit Walmart as a corporation?
    The chance of scandals is less; more control; faster, better quality of service, more trust from the customers
  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”
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#513
  1. What is the motivation behind Walmart investing in a blockchain solution?

The motivation behind Walmart investing in a blockchain solution is to improve food safety

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

The new solution will benefit customers by reducing the

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

By placing a supply chain on the blockchain, it makes the process more traceable, transparent and fully digital

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

Efficiency of reducing traceability timeline of products. Previously it took approximately 7 days to trace the source of food. With the blockchain, it’s been reduced to 2.2 seconds

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#514
  1. “Information to be stored on the blockchain, where fraud and inaccuracies are much
    harder to get away with, includes details related to farm origins, factory data,
    expiration dates, storage temperatures, and shipping.”
  2. Transparency.
  3. Easier to manage contamination cases. Transparency will add more trust from customers.
    4."“The missing piece was a shared forum where companies could begin to
    see each others’ transactions and develop trust.”"
2 Likes
#515

1.) Blockchain would make food easier to trace
2.) There is a lot smaller chance of getting outdated food.
3.) Faster delivery of goods, easier traceability, better quality.
4.) The missing piece was shared forum where they could track all the transactions and achieve trust.

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#516
  1. What is the motivation behind Walmart investing in a blockchain solution? To improve food safety by making information throughout the supply chain more traceable and transparent
  2. How will this new solution benefit us as customers? Increased food safety by quickly being able to trace contaminants
  3. How will this new solution benefit Walmart as a corporation? Increased consumer trust
  4. What was the missing piece in their solution before they found blockchain? A shared platform that works as a single unit throughout the supply chain
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#517

  1. Increase the traceability of each step in the supply chain to be ready to manage case of food contamination. And increase consumer confidence.

  2. To know where the product came from and how it was processed, room temps etc and full transparency of the supply chain so they have confidence in what they are consuming.

  3. Could possibly eliminate future outbreaks in contamination and will create more trust in the supply chain

  4. Basically lack of trust

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#518
  1. What is the motivation behind Walmart investing in a blockchain solution?
    More transparency of the goods and faster track and pinpointing in case of supply chain issues.
  2. How will this new solution benefit us as customers?
    More transparency about where & how product came to be.
  3. How will this new solution benefit Walmart as a corporation?
    Like this retailers are provided with a way to record a list of TX’s indicating how meat has flowed through a commercial network, from producer to distributer, to grocer, to consumer
  4. What was the missing piece in their solution before they found blockchain?
    Companies could see each others transactions & develop trust
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#519
  1. What is the motivation behind Walmart investing in a blockchain solution?
    transparency. with blockchain they can track farm origins, factory data,
    expiration dates, storage temperatures, and shipping + they can eliminate layers that add very little value to the industry.
  2. How will this new solution benefit us as customers?
    Consumers today want more transparency about where and how a product came to
    be.
  3. How will this new solution benefit Walmart as a corporation?
    Unmatched customer satisfaction.
  4. What was the missing piece in their solution before they found blockchain?
    trust & transparency
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#520

  1. What is the motivation behind Walmart investing in a blockchain solution?
    to improve food safety and transparency within the food supply chain process.

  2. How will this new solution benefit us as customers?
    no harm to customers / i.e. E-Coli contaminants can cause customer illness and death.

  3. How will this new solution benefit Walmart as a corporation?
    Save time - money - improves trust and good will. (i.e. tracing an item has been improved from 7-days to 2.2 seconds, further identifies which products are tainted saving time and money by removing just those items from the store shelf)

  4. What was the missing piece in their solution before they found blockchain?
    Food supply chain traceability was the missing piece —> provided by the Blockchain protocol.

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2021-04-09T04:00:00Z

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#521

  1. What is the motivation behind Walmart investing in a blockchain solution?
    To create a trustless food production system to ensure food safety. Insights into knowing what happened where and by whom will rule out fraud and inaccuracies.

  2. How will this new solution benefit us as customers?
    It will guarantee that the claims made by the manufacturer are truthful. It may even prevent us from diseases.

  3. How will this new solution benefit Walmart as a corporation?
    Much easier to track down faults and eliminate production errors. More efficiency as all suppliers and data are connected in the blockchain which leads to less paperwork. Being open about these processes lets you standout amongst competitors (good PR), likely leading to more revenue.

  4. What was the missing piece in their solution before they found blockchain?
    A shared forum that would develop trust among all parties in the supply chain.

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