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What is the motivation behind Walmart investing in a blockchain solution?
An e.coli breakout that forced everyone to take spinach off the shelves. -
How will this new solution benefit us as customers?
We will know where things comes from in the supply chain so if there is another outbreak… we can confidently know that anything that could potentially be contaminated will not be the food we purchase in stores. -
How will this new solution benefit Walmart as a corporation?
Walmart will be able to keep selling product instead of potentially have to recall a certain good that was defective or contaminated. -
What was the missing piece in their solution before they found blockchain?
The missing piece was a database where all tx’s of the supply chain can be seen by all participants in the supply chain.
- Transparency, efficiency and traceability in supply chain so they could easily track any suspect food on point. To meet customers unspoken need of transparency-ability to know the journey of the food or produce from farm to fork within the shortest time possible.
- Customers will be confident to know that by transparency they can trace their food from farm to fork as a quality and trusted journey.
3.Increased efficiency in tracking twhere the food came from. incase of food suspect the isolation on target will be quick to dentify and pull off from the shelf. in the log run walmart becomes a trusted partner in food for their customers
4, the missing piece was connecting all stakeholders in the food supply chain and enabling them to interact towards one common goal-the reduction of 400 pages of paper work for the procrss.
- To make the suppply chain data more reliable.
- Track the logistics of products.
3.Wallmart will benifit from as the supply chain of their products will be safer more efifcent and reduce cost. - A reliable transparent database for anyone to view and verify.
- What is the motivation behind Walmart investing in a blockchain solution?
They wanted to improve food safety by putting Chinese pork on a blockchain.
- How will this new solution benefit us as customers?
Potential to reduce health risks by eating their pork.
- How will this new solution benefit Walmart as a corporation?
They will make more money and improve their reputation by showing concern for their customers’ health.
- 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… something like the blockchain. Transparency.
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What is the motivation behind Walmart investing in a blockchain solution?
Current solutions are slow and inefficient when trying to locate where and from products have been shipped. -
How will this new solution benefit us as customers?
If there is a problem with a certain batch of products they can be easily identified and removed from the shops. -
How will this new solution benefit Walmart as a corporation?
Less time consuming work that needs to be done. Ease of access and control over its products information. -
What was the missing piece in their solution before they found blockchain?
Shared and transparent database where all the companies involved in the chain would store the information about their shipped products.
It’s a food safety blockchain solution – the motivation is to make the food chain safer . By placing a supply chain on the blockchain, it makes the process more traceable, transparent and fully digital.
Customers will have a more transparent supply chain.
Credibility : the process substantially reduces the likelihood that infected food will reach the consumer.
Efficiency through accuracy through transparancy : 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.
The missing piece was a shared (digital) platform for every supply chain participant.
- What is the motivation behind Walmart investing in a blockchain solution?
Enabling traceability in the supply chain and being empowered to verify authenticity and safety of produce so it is fit for consumption. It will also allow for quick identification of problems and the precise source of any contamination or danger. Visibility from “Farm to Fork” as they say.
- How will this new solution benefit us as customers?
More transparency as to where and how the food is produced as well as the journey of the produce from “Farm to Fork”
- How will this new solution benefit Walmart as a corporation?
Increase in data. Increased trust and visibility in the supply chain process. Likelihood of greater collaboration between parties within the supply chain. Increased profitability as a result of selecting the highest quality produce from sources identified as reliable.
- 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.
What is the motivation behind Walmart investing in a blockchain solution?
To be able to trace contaminations and pinpoint where it came from faster
How will this new solution benefit us as customers?
We will have more transparency about where and how a product came to be
How will this new solution benefit Walmart as a corporation?
In case of a contamination issue, concerns can be alleviated faster and consumer confidence would be regained (as opposed to having a situation where people stop eating/purchasing a product altogether because of food safety concerns).
What was the missing piece in their solution before they found blockchain?
A shared forum where companies could see each other’s transactions, which would help them to develop trust
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For food safety to prevent tainted food from getting into the market.
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Consumers would have transparency regarding where their food came from and how it was delivered etc.
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It would make their supply chain management more efficient.
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Somewhere that companies can see each other’s transactions.
- To improve the efficiency and transparency in the supply chain system.
- Customers can be ensured that food comes from trusted providers.
- It’s potentially a cheaper solution to keep track of the origin of the products they sell.
- The platform where the different actors in the supply chain could check each others’ records and build trust accross the industry.
- To speed up supply chain processing, as well as making it more traceable and transparent by being fully digital.
- To ensure that infected/contaminated food will never reach customers.
- Benefitting stakeholders by speeding up auditing processes; making customer security a new priority that could be easier than was once thought possible.
- The range of approaches top uploading information by different members within the blockchain.
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The motivation behind WM investing in a blockchain solution, is for improved auditing of the supply chain. What used to take 7 days can now be done in seconds due to improved transparency of provenance.
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The new solution will benefit customers by preventing contaminated produce from reaching the shop floor through early identification of source.
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Walmart benefits through improved operational efficiency due to less time wasted in the identification of origin process. The brand benefits by providing their customers with safe goods. These benefits improve the bottom line through reduced costs, improved operational efficiencies and improved integration between WM and their supply chain.
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Transparency of the supply chain was the missing piece before blockchain.
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To provide an efficient, transparent and reliable way of tracking products.
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This provide consumers with more transparency about its supply chain.
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This will increase the trust of customers , faster ,accurate and more cost effective retrieval of data.
4)“The missing piece was a shared forum where companies could begin to
see each others’.
1.It makes traceability of food much faster and reliable. In case of some health issue related to a farm or a product it will be very easy to isolate the dangerous items.
2.Transparency about the food supply chain
3.It will reduce cost and will speed up traceability. The company will offer a more transparent service to customers which are looking for food safety.
4. It was missing a platform where the company involved could monitor each other transactions and so develop trust.
- Corruption and food safety / consistency.
- Customers can be more confident that the food they are receiving is safe to consume.
- The corporation will benefit from an increased customer trust level which will translate into increased sales.
- Inconsistency and non-transparency from suppliers
1.- They want to create a transparency system that will boost trust and have a clear view of where food is sourced
2.- It will let us know in real time if a certain food product has been contaminated or if it needs more time in house-Complete transparency with what we are buying and eating.
3.- It will help them boost trust and have a clear view of the entire process, also bringing their providers will ensure across the line visibility
4.- Real time data and consistency.
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food safety (ebola out brake and baby formula issue) the tracking of food source and distribution is almost impossible to track with traditional system.
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by knowing where our food came from, food safety be and tracking of bad food or issues easy
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by being transparent to there customers which will increase trust and customer retention plus getting more customers who cares about there safety and ethical ways of producing food.
4)“The missing piece was a shared forum where companies could begin to
see each others’ transactions and develop trust,”
- They went with a blockchain solution to better track where food is shipped.
- The food becomes more safe to eat.
- Happier customers.
- A forum where companies could see all of the orders and develop trust.
What is the motivation behind Walmart investing in a blockchain solution?
The blockchain solution provides an end-to-end view of the supply chain data and allows Walmart to maintain control and visibility over every “hop” in the supply chain
How will this new solution benefit us as customers?
It provides a clear lineage as to the product (pork) that we are consuming
How will this new solution benefit Walmart as a corporation?
It allows Walmart to know the lineage its pork products; allows for traceability and the ability to take action, if needed
What was the missing piece in their solution before they found blockchain?
The missing piece was an end-to-end/centralized/immutable view of the supply chain data that can be accessed by all participants in the supply chain
- The motivation behind Walmart investing in a blockchain solution is to escape the manual processing of supply chains. Making it easier to track/trace down problems such as food contamination.
- This new solution will benefit us as customers because now they can easily and much faster track down things like the source if food contamination. Which would get information to us faster possibly saving us groceries.
- This new solution will benefit Walmart as a corporation because the fact that they can now pin point the source of a problem or contamination in their supply chain. This will save them time, money and product tracing out the source.
- The missing piece in their solution before they found blockchain was a fully digital system that is fast, trusted and traceable.