Supply Chain - Reading Assignment

Blockchain Business Course
#522

  1. To ensure the efficiency of tracking a supply chain with products that it stocks to identify the source of a product in the event of a disaster.

  2. This ensures greater safety when it comes to the products that we buy. It means we can trust Walmart and know exactly where the products are coming from.

  3. This will benefit Walmart as it provides consumers with transparency and trust. This may increase their sales are more consumers may prefer to shop at Walmart.

  4. An immutable database that keeps tracking information safe and can be accessed by all interested parties.

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#523

1.In most part is to bring back consumer confidence, and could stop food devastation from happening a lot faster.
2. As a customer we would have a better look where the food came ,with a time stamp, and we could have a better choice of product witch to buy.
3. Walmart will have a better record keeping and would be able to stop any out brake of spinach, pork or other foods that could cause an outbreak…also continue consumer confidence and could see a bigger growth as a retailer that sets them apart from everyone else with such blockchain technology.
4.The missing piece was the shared forum, where companies could start seeing each others transactions and begin to have more trust.

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#524

Ability to track each step in supply chains and therefore ensure the quality of delivered products.

We’ll be sure that the product is good quality.

Their customers will be much more confident. Supply chains will be much more transparent and efficient.

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

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#525

Q1. What is the motivation behind Walmart investing in a blockchain?
A1. To build trust between clients & vendors in their supply chain.

Q2. How will this new solution benefits us as customers?
Q2. This will prevent a bad outbreak to customers and we will be able to trace what we eat and trace any product to its origin

Q3. How will this new solution benefit us as customers.
A3. prevent lawsuits and build trust

Q4.What was the missing piece in their solution before they found blockchain?
A4. trust .

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#526
  1. What is the motivation behind Walmart investing in a blockchain solution?
  • To be able to trace the origins of the goods, and origins of those origins.
  1. How will this new solution benefit us as customers?
  • More reliable goods, as a careless or fraudulent producer would be identified quickly.
  1. How will this new solution benefit Walmart as a corporation?
  • More efficient supply chains, simpler accounting.
  1. What was the missing piece in their solution before they found blockchain?
  • A shared environment where partners could publish their processes and transactions and thus develop trust.
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#527
  1. to build trust with the endconsumer by tracing the origins of products
  2. the origin of a product is transparent and can be evaluated by the customer
  3. with more transparent supply origins customers are probably feeling better about products sold by Walmart, which should increase sales
  4. a shared base of trust in the realness of the data
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#528
  1. What is the motivation behind Walmart investing in a blockchain solution?
  • Increasing consumer confidence by making the food delivery system transparent and safer and increasing profits.
  1. How will this new solution benefit us as customers?
  • Tracing contaminations can be dealt with more efficiently and overall food safety will be improved.
  1. How will this new solution benefit Walmart as a corporation?
  • Increased consumer confidence, removing unnecessary cost layers and opening channels to other products sold by the corporation. Again we find the corporation wanting to make more money.
  1. What was the missing piece in their solution before they found blockchain?
  • A shared forum where companies could see each others TXs and begin to develop trust.
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#529

So my question about the supply chain is this? I understand the blockchain is immutable and all entries on the blockchain will remain on the blockchain forever. Tracking supplies all the way to their origin on the blockchain would have to involve humans entering accurate data on the blockchain as the supply moves from one location to the next. How can we be sure the right information is entered every step of the way?

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#530
  1. What is the motivation behind Walmart investing in a blockchain solution?
  • Walmart wants to be able to easily trace the food origin and “middle men” that processed it in order to make it safe for consumers.
  1. How will this new solution benefit us as customers?
  • Lower the likelihood of buying contaminated food
  1. How will this new solution benefit Walmart as a corporation?
  • It will improve the reputation of the brand
  1. What was the missing piece in their solution before they found blockchain?
  • The auditing of the supply chain was time consuming. About 7 days were necessary in order to trace where certain food products came from. With blockchain it will take about 2 seconds.
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#531

NIce question, let me try to explain it to you.

Lets say you buy a package from a store in another country (like amazon), they have to deliver it to you through another delivery company, so what the store can do is to use the blockchain to trace the entire package process, your package will have a historical log that is inmutable something like:

  • package buyed: item ID #1111
  • package #1111 sent to delivery company.
  • delivery company update the state of the package #1111 when it comes to another spot.
  • package #1111 arrive to its final destination, waiting the client to pick it up.
  • package #1111 has been delivered to the client.

all this data will be introduced on the blockchain they choose to keep track of this example, the operator should only update the status of the package once it reach to a point where data is need to trace it properly.

Hope this give you a better idea.

Carlos Z

#532

  1. What is the motivation behind Walmart investing in a blockchain solution?
    They want to make food easier to trace and improve food safety.

  2. How will this new solution benefit us as customers?
    We will know that food quality is very good.

  3. How will this new solution benefit Walmart as a corporation?
    It will make supply chain more efficient and make Walmart more trusted corporation.

  4. What was the missing piece in their solution before they found blockchain?
    It took too long to find out where and how the food got to a Walmart.

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#533

  1. It is motivated by ensuring food safety, with the system in place to fast track/pinpoint source of any food contamination.

  2. It will help protect customers’ health from potential food poisoning.

  3. It will boost customers confidence in the corporation, thus help increase future repeat buys from customers. It will also be more cost efficient for the corporation in the long run.

  4. The missing piece is the place where both the suppliers’ transactions and the buyers’ transactions are visibility to both parties and allow to develop trust.

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#534
  1. food contamination
  2. consumer confidence. origin of food, supply chain proper handling, safety.
  3. trusted brand, legal compliance, cost reduction, quality control, etc.
  4. companies access to each others transactions.
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#535
  1. To improve food safety by increasing the traceability and transparency of their supply chain.
  2. Diseased/Tainted food stuffs can be tracked and removed quicker and so reduce their negative impacts while the transparency allows customers to check the records for themselves.
  3. Easier to manage product quality, reduced costs and time frames associated with tracking down bad produce and the increase in transparency boosts customer confidence.
  4. The missing piece was consensus and transparency between all parties records in the supply chain.
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#536

What is the motivation behind Walmart investing in a blockchain solution?
Transparency and trust to the customer in the supply chain of which the food in consumed

How will this new solution benefit us as customers?
We would feel more confident in food/meds/items etc. etc. we would buy.

How will this new solution benefit Walmart as a corporation?
It would benefit trust and credibility from the customers

What was the missing piece in their solution before they found blockchain?
Inaccurate, missing or corrupted data.

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#537

  1. The motivation behind Walmart investing in a blockchain solution is to stop problems like food poisoning damaging the reputation of theirs and their suppliers.

  2. This new solution will benefit the customer by, adding much more transparency to what we are eating.

  3. This will benefit Walmart by providing less disruption, faster recognition of errors within the supply chain and will help customer satisfaction.

  4. The missing piece before blockchain was, a database that everyone on the supply chain could access with all the correct information. and certification.

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#538
  1. What is the motivation behind Walmart investing in a blockchain solution?
    Safe, uncontaminized food.
  2. How will this new solution benefit us as customers?
    More transparency from where and how a product came to consumers.
  3. How will this new solution benefit Walmart as a corporation?
    Eliminating layers in the supply chain, that exist today and add very little value to the industry, waste, better manage of contamination cases and improve transparency.
  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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#539

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Food safety and efficiency. By having information about each step of the supply chain Walmart can more easily trace in which companies/ what stage of the supply chain food spoilage has occured. This is a benefit in terms of consumer safety as the product can be taken off the shelf more quickly but also allows them to be more efficient and less economic loss by being able to shut down only vendor where the spoilage has happened.

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

Enhanced food safety.

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

It will allow them to run more smoothly in case of food spoilage as they can more easily trace the genesis of the problem, and thus only having to temporarily stop buying from that supplier instead of all suppliers of that particular food.
Furthermore it may also increase consumers willingness to buy at walmart given enhanced food safety precautions.

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

Lack of information/ disorganized information across the supply chain.

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#540
  1. Because is faster, traceable, transparent and fully digital.
  2. If you find out that food is infected you can instantly get track of it and you can solve the problem quick.
  3. Reduces cost, everything is faster, you gain trust, quality of products
  4. Lack of trust in preservation of goods, transparency.
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#541
  1. A blockchain allows the supply chain to be efficiently traced in a reliable secure manner.
  2. It will give the consumer confidence as to the products origins, such as quality and expiry.
  3. Quicker identification of any problems within the supply chain.
    4.Trust issues, blockchain has made the supply chain transparent, and hence trustless = better relations.
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