Supply Chain - Reading Assignment

Blockchain Business Course
#562
  1. What is the motivation behind Walmart investing in a blockchain solution?
    Walmart want to solve the problem of inefficiencies in the food supply chain and increase transperancy and traceability of the food for the benefit of the customers
  2. How will this new solution benefit us as customers? The food bought in walmart stores can give assurance to all its customers that the food is grown, supplied in a safe, ecological and efficient manner to the store with highest quality
  3. How will this new solution benefit Walmart as a corporation? This initiatve will increase the transperancy in the food supply and life cycle and also makes it efficient and cheaper than the current processes
  4. What was the missing piece in their solution before they found blockchain?
    The immutable datasource which can be accessed by all counterparties.
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#563

  1. Walmart is looking to have more reliable and efficient traceability standards of their products. Previously, it took several days to trace food items back to the farm which could be extremely costly if there was a food scare and they were not sure which farm produced the contaminated products. With a blockchain solution, they should know immediately and removed the potentially bad products and leave the rest.

  2. Walmart suggests that it will assist in customers knowing their products are safe to eat and have been sourced sustainably and in which conditions. Greater transparency of products leads to better customer satisfaction.

  3. It will obviously streamline their logistics processes in terms of reporting. In the event of a food scare, Walmart must dispose (or take off the shelf) millions of dollars of stock, almost all of which is good. This is just because it’s timely to find where the offending party was. With blockchain, they know exactly where their products were on the logistics cycle and when, to the minute.

  4. Trust was missing from the companies involved in shipping products from farm to shelf. There was a lack of records being kept along the supply chain. There was also minimal transparency with their supply partners and no forum where they could see their partners transactions. The missing piece was trust, and they believe blockchain can take them to more trusting connections with their supply partners.

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#564

  1. An E. coli outbreak from tainted spinach has motivated Walmart to invest in a blockchain solution.

  2. For customers, this new solution will provide more transparency.

  3. For Walmart as a corporation, this new solution will increase trust among consumers.

  4. Before they found blockchain, the missing piece in their solution was “a shared forum where companies could begin to see each others’ transactions and develop trust.” (Quoted directly from article)

Thank you!

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#565
  1. The motivation behind Walmart investing in a blockchain solution are:
  • the possibility of tracking the source of the food in a case of food contamination to narrow down ‘problematic ingredients’
  • to satisfy the growing demand of customers for transparency about the origin of the food they buy & the path it traversed

  1. This new solutions can benefit us as customers in such a way that we will have more information to decide wich producer & food delivery chain to choose.

  2. This solution will benefit Walmart as a corporation in such a way that:

  • can verify the source of the food (down to the farmer that produced it) & the various ingredients a product contains (if it is eco labeled that is does not contain ingredients that were not grown as food, delivered or produced in such away that eco standards were not met).
  1. The missing piece in their solution before they found blockchain was sourcing food and tracing contaminations.
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#566
  1. Food saftey. Efficiency
  2. It will ensure food safty and get anything harmful to the consumer out of the supply chain hopefully before it even gets to the consumer.
  3. It will keep potentially harmful products off the shelves
  4. Seep and efficiency to audit the supply chain
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#567
  1. Having a shared ledger/forum where all information is transparant to all stake holders.
    2.It will benefit us as consumers, as now there would be more transparancy, and therefore more pressure to comply with the rules, so we ‘could’ get a better product.
    3.Saving cost and more control.
    4.Data being shared between participants.
#568

  1. What is the motivation behind Walmart investing in a blockchain solution?
    The blockchain could help prevent disaster by immediately identifying problems in the supply chain.

    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.

    Build more safety, transparency, and trust.

  2. How will this new solution benefit us as customers?
    Customers will get more transparency about where and how a product came to be.

  3. How will this new solution benefit Walmart as a corporation?
    They will have more control over the supply change and they can provide better transparency to their customers. That builds more trust and gives a better image for the company.

  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 other’s transactions and develop trust.

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#569
  1. What is the motivation behind Walmart investing in a blockchain solution?
    To provide to customers a safe product.
  2. How will this new solution benefit us as customers?
    More confidence in the provenience of food.
  3. How will this new solution benefit Walmart as a corporation?
    Improved customers service
  4. What was the missing piece in their solution before they found blockchain?
    Transparency
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#570
  1. What is the motivation behind Walmart investing in a blockchain solution?
    track all details of products to help prevent food borne issues
  2. How will this new solution benefit us as customers?
    provide consumers transparency as to where there products come from and how they are handled
  3. How will this new solution benefit Walmart as a corporation?
    improve perception of customers
  4. What was the missing piece in their solution before they found blockchain?
    trust
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#571

Fast track and trace of its production line that will help keep customers safe and create consumer confidence.

you will know where your food has come from also if there is contamination in the food supply it will be quick to find and could help prevent further outbreaks. Also it could create ethical chains where customers can buy knowing there food is free trade or has not been processed using bondage wages.

It will make the supply chain work more efficient reducing waste and putting up profits. It can help stop the spread of disease so the company won’t insure fines or bad publicity and also could have good ethical ramifications in the future that will be good from a PR perspective.

Very slow and bureaucratic now the technology exists that everyone can be connect at once and all linked into the ledger.

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#572

  • What is the motivation behind Walmart investing in a blockchain solution?
    To be able to query (FAST) where their food comes from, from the start of its supply chain, and track if there is an anomaly or safety hazard. This will ensure Walmart and their customers that the food they are selling were all “Quality controlled” and its control process can be checked quickly.

  • How will this new solution benefit us as customers?
    This ensures us, that the food we’re buying to consume is actually safe, and fits our wants and needs. If a brand claims that it is 100% vegan then we can actually check it from the start of its processing.

  • How will this new solution benefit Walmart as a corporation?
    Customers will increase their trust and value of the company, they can have more customers because of this “trust” through blockchain tech, or they can add value to the products they sell with blockchain tech on its supply chain.

  • What was the missing piece in their solution before they found blockchain?
    Trust and transparency among all agents involved in the supply chain, also a quick way to query where their products cam from, and where did it pass through before reaching them.

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#573
  1. What is the motivation behind Walmart investing in a blockchain solution?

Long and difficult tracing of the sources of unsafe food.

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

It will be easier to source the origin of the food, where it was delivered to and will ultimately give more protection to the consumers’ health.

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

Greater accountability, perhaps less fines, more control, trust and transparency with the supply chain.

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

A forum where all of the entitites could communicate with oneanother.

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#574

What is the motivation behind Walmart investing in a blockchain solution?

The main motivation is to have a trustable and transparent source of information: food origin, expiration dates, storage temperatures, shipping. This allows Walmart to clearly track everything from the start of the supply chain and ensure the quality of the food they are selling.

How will this new solution benefit us as customers?

Customers, with the blockchain solution applied on the supply chain, can buy food on Walmart knowing that the quality of the food is safe and we won’t be buying something expired.

How will this new solution benefit Walmart as a corporation?

Some of the benefits that Walmart will be seeing are:

  • Better corporate image in the market as they are actually doing something to ensure the quality of the food they are selling
  • More customers as their food are 100% safe
  • More efficiency on the entire supply chain

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

The missing piece was sharing the information between the companies involved in the process and trust that it was sufficient and accurate.

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#575

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Walmart needed to be able to be able to track all aspects of the food supply chain, from farmer to consumer, to better deal with the potential problems arising from tainted products that are harmful to consumers.

  2. How will this new solution benefit us as customers?
    The blockchain solution will provide full transparency in the supply chain and ensure the food items consumers buy are safe.

  3. How will this new solution benefit Walmart as a corporation?
    Walmart will benefit from the solution since consumers will have more trust in the products they sell, resulting in greater customer loyalty and increased sales.

  4. What was the missing piece in their solution before they found blockchain?
    The missing piece in Walmart’s solution was a shared platform where parties could see each other’s transactions and, as a result, develop trust in each other.

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#576
  1. What is the motivation behind Walmart investing in a blockchain solution?
    To digitalize the food supply with blockchain.
  2. How will this new solution benefit us as customers?
    It will benefit us making sure we don’t eat contaminated products, and we will have a more transparent supply chain.
  3. How will this new solution benefit Walmart as a corporation?
    It will help Walmart be able to trace and pinpoint where the products have been sent from and where they are.
  4. What was the missing piece in their solution before they found blockchain?
    It took 7 days to trace the source of food before they implemented the blockchain.
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#577

Supply Chain - Reading Assignment Answers

  1. To help free up the manual processing time. Helping to remove the difficulty and time it takes to locate issues in the food supply chain. Making transactions between suppliers in their food chain transparent, and traceable.

  2. This new solution is beneficial to customers because it enables Walmart to trace a problem like E.coli in their food chain supply directly to the source. Exponentially faster than previously possible, from 7 days to 2.2 seconds. This reduces the likely hood that a consumer will be infected by this tainted supply.

  3. This solution gives Walmart the ability to assert that their food in the supply chain is safe for consumption and if there is an issue auditing of the food chain supply a trivial task with extremely fast result time. Resulting in an increase of return for company stakeholders.

  4. The missing piece in their solution before, was a universal system standard that was also transparent, traceable, immutable, way of storing data between entities, product, and their respective correlation.

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#578
  1. What is the motivation behind Walmart investing in a blockchain solution? Traceability in order to promote food safety
  2. How will this new solution benefit us as customers? It will assure the safety of the food we consume.
  3. How will this new solution benefit Walmart as a corporation? It will help them determine what food is at risk so that they can contain contaminated food and not restrict the distribution of food that is good. This will reduce costs in removing food from shelves that can be sold to customers. This will also reduce the loss of revenue and the risk of getting sued by those who consume contaminated food.
  4. What was the missing piece in their solution before they found blockchain? They needed an automated process to trace each entity that handled the food from the farm all the way to the store.
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#579
  1. What is the motivation behind Walmart investing in a blockchain solution?
    The motivation was food outbreaks that sickened people and killed some people. Being able to track the source of the outbreak faster.
  2. How will this new solution benefit us as customers?
    This solution will benefit consumers because there will be more transparency about the products and consumers can have more trust in Walmart.
  3. How will this new solution benefit Walmart as a corporation?
    It will show their customers that they care. They will be a model for other businesses. It will help them track down outbreaks faster and create less waste.
  4. What was the missing piece in their solution before they found blockchain?
    The missing piece was the sharing of transactions where companies could begin to develop trust.
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#580

  1. By placing a supply chain on the blockchain, it makes the process more traceable, transparent and fully digital. Each node on the blockchain could represent an entity that has handled the food on the way to the store, making it much easier and faster to see if one of the affected farms sold infected supply to a particular location with much greater precision.

  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. one-step-up and one-step-back model of food traceability was outdated for the 21st century. This is a smart, technology-supported move that will greatly benefit our customers and transform the food system, benefitting all stakeholders,”

  4. Public blockchain. Shared forum.

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#581

  1. What is the motivation behind Walmart investing in a blockchain solution?
    They want to be able to track the quality of the food, and how it is producd. They understand that people want safe food and if there is an issue they want to be able to trace it back as quickly as possible. Before it toook them a week to source, now it takes them a couple of seconds

  2. How will this new solution benefit us as customers?
    It will ensure that we know where the food is coming from, how it was grown and that it meets specific standards. on top or which, if there is a problem with the food, like an ecoli outbreak, they will be able to source what foods need to be pulled immediately. making the food safer

  3. How will this new solution benefit Walmart as a corporation?
    They will have better control and visibility over their food and merchandise.

  4. What was the missing piece in their solution before they found blockchain?
    Everything was done by paper or on digital networks that were incapable of speaking to eachother. BLockchain allows for one immutable databse

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