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What is the motivation behind Walmart investing in a blockchain solution?
To make the production chain of food more transparant because of earlier problems that food contained poison. If it was more transparent they could have intervened more quickly and there would have been less victims. -
How will this new solution benefit us as customers?
Complete transparancy of the supply chain so that customers can decide wether or not they want to buy the article because they can see every step in the process of making that article. -
How will this new solution benefit Walmart as a corporation?
Traceability benefits the corporation in a way that consumers will put more confidence in the products they sell. Also when there is a problem, Walmart can take immediate action. -
What was the missing piece in their solution before they found blockchain?
The traceability aspect. Finding where the bad product is being used so they can prevent the spreading of that bad product. Every participant of the network can see the complete supply chain of a certain product what creates trust between those parties.
One. They had a Ecoli issue and their stock went down. They want more control to avoid this in the future.
Two . they will have more transparency and trust in products.
Three. They will have happy customers. They can trust their products more and it will be easy to find bad batches of food once a problem starts. They will not have to throw everything away.
Four. They were missing a shared forum where customers can share their transactions and develop trust.
1. What is the motivation behind Walmart investing in a blockchain solution?
To track pork through their supply chain, particular in China to reduce the likelihood of health issues.
2. How will this new solution benefit us as customers?
It will give more transparency of where the products came from, their conditions in each location to the customers.
3. How will this new solution benefit Walmart as a corporation?
It will show that they have public health and transparency as a high priority and also gives them greater access to information about their supply chain.
4. What was the missing piece in their solution before they found blockchain?
Each supplier was siloed and did not trust each other. There was also not a platform that all distributors were using together.
1.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 grocersâand finally, to consumers.
2.By tracking where the food came from faster, we can ensure consumer confidence.
3.By using the blockchain Walmart they will have much less frauds & inaccuracies about details related to farm origins, factory data, expiration dates, storage temperatures, and shipping. And that will lead to more trust from them clients.
4.The missing piece was a shared forum where companies could begin to see each others transactions and develop trust.
- walmart wants to track the food from its origin to the shop - supply chain. they can identify the problem of food very fast
- customers can trust the shop that the food has no problem
- they can identify the problem of food very fast and precisely
- transparency and develop trust
- What is the motivation behind Walmart investing in a blockchain solution?
It allows Walmart the ability to efficiently respond to food quality alerts through knowing the lineage of its products
- How will this new solution benefit us as customers?
It will allow us to know the lineage of any food products in the store
- How will this new solution benefit Walmart as a corporation?
It will allow them to take action whenever problems arise; Gain customer trust
- What was the missing piece in their solution before they found blockchain?
Inability to track lineage of food products which limited their ability to respond to problems
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What is the motivation behind Walmart investing in a blockchain solution?
Develop trust between partners -
How will this new solution benefit us as customers?
- Transparancy and trust
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How will this new solution benefit Walmart as a corporation?
Cost savings
More trust from customers -
What was the missing piece in their solution before they found blockchain?
Lack of information between partys in the delivery chain.
- What is the motivation behind Walmart investing in a blockchain solution?
- To increase trust from consumers and be better able to track the sources of food disasters
- How will this new solution benefit us as customers?
- It will reduce the chance of buying food that will make us ill
- How will this new solution benefit Walmart as a corporation?
- They can identify the parts of their supply chain causing problems and solve them
- What was the missing piece in their solution before they found blockchain?
- Having a shared and trusted database where all of the supply information could be stored
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What is the motivation behind Walmart investing in a blockchain solution?
An outbreak of E.colin from spinach a decade ago caused a great loss to walmart because they could not identify the contaminated sources quickly enough. With the help of blockchain, Walmart has confidence they can control the quality of the food supply chain and reduce the loss in confidence of consumers. -
How will this new solution benefit us as customers?
Consumers have the right to know where the food they bought comes from and how they were processed. Blockchain technology provides confidence to consumers. -
How will this new solution benefit Walmart as a corporation?
Walmart has more control over its supply. They can tell their suppliers what they need and how they need their supply to be. They can reduce cost in their supervising activities as well as cost in investigating once there is contamination breaking out. It will save them both cost and time.
It also gives Walmart an edge in competition. Customers will have greater confidence when they do shopping in Walmart.
- What was the missing piece in their solution before they found blockchain?
The missing piece is the shared information between companies in the supply chain.
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What is the motivation behind Walmart investing in a blockchain solution?
To get a higher transparency where and how the goods are getting to their supermarkets. Also to avoid fraud, cause with the blockchain, every involved party, can see the transferred data of the other one. -
How will this new solution benefit us as customers?
We can see, how the product was made, what chemicals have been used, if children could be involved in the production, etc⌠It´s more transparent for use now and we can support the âgoodâ supplies. -
How will this new solution benefit Walmart as a corporation?
- cost effective
- if something is wrong, it can get tracked down faster and more easily
- better products -> more happier customers -> more money, cause customers are coming back
- a transparent supply chain
- 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.
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- What is the motivation behind Walmart investing in a blockchain solution? To track the movement of pork from China to avoid source contamination and ensure consumer confidence
- How will this new solution benefit us as customers?As customers we have more confidence knowing that the products we buy will be safe
- How will this new solution benefit Walmart as a corporation?More control over the supply which means more business as the customers have more confident in them
- What was the missing piece in their solution before they found blockchain?No control and transparency. Not able to track the products should there be problem with the supply
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What is the motivation behind Walmart investing in a blockchain solution?
The need to prevent disaster scenarios like the fatal, nationwide outbreak described and to restore public faith. -
How will this new solution benefit us as customers?
Consumers will have more transparency about where and how a product came to be, -
How will this new solution benefit Walmart as a corporation?
It will eliminate layers that exist today ,that add very little value to the industry. -
What was the missing piece in their solution before they found blockchain?
Trust.
- To quickly track the origin of contaminationâs in food after a previous incident to ensure consumer safety
- Such a system could help prevent disaster scenarios like a fatal nationwide outbreak and ensure consumer confidence
- It ensures quick access to valid information, quicker responses in crises and will over all result in a reduction in losses and increase in profit.
- âThe missing piece was a shared forum where companies could begin to see each othersâ transactions and develop trust,â he said. âThat missing piece is something like the blockchain.â
- To ensure food poisoning outbreaks won`t happen
- They can see where is the food coming from and what was it treated with.
- Better reputation
- There was no common database to store info
- What is the motivation behind Walmart investing in a blockchain solution?
in a word Money. spoilage not only results in loss of product but also in market share. As consumers loose confidence in a product sales decline.
Spoiled foods can also lead to costly litigation.
The costs of developing the blockchain far outweigh the costs of the existing issue/s.
- How will this new solution benefit us as customers?
safer food (in this instance pork) and better prices as efficiency and price are inversely connected. (generally speaking)
increased transparency concerning where and how a product came to be on the shelf always benifits both parties. it builds trust and all exchanges of value are built on trust.
- How will this new solution benefit Walmart as a corporation?
reduced loss of product and market share due to stoping/mitigating spoilage and the resulting loss in consumer confidence. this coupled with increased efficiency results in a healthier âbottom lineâ not mention future law suit avoidance
- What was the missing piece in their solution before they found blockchain?
there was no consistent reliable mode of communication between points in the supply chain. this lead to a lack of trust not to mention an inability to precisely identify the breakdown in the supply chain. A transparent immutable ledger was the obvious answer.
- What is the motivation behind Walmart investing in a blockchain solution?
Prevent people from getting sick and dying by being able to track food every step along the way to pinpoint where something may have gone awry
- How will this new solution benefit us as customers?
â sickness, â death, â confidence
- How will this new solution benefit Walmart as a corporation?
â sales, â reputation
- What was the missing piece in their solution before they found blockchain?
Couldnât verify what other companies were doing. Lack of trust
1
security and health issues, ability to track the goods easier (transparency of the sold items)
prevention of fraud and inaccuracies
2
more reliability, trust and security about sources and origins of products
3
improve their reputation, improved and more reliable distribution system in the company. long term reliable and traceable solution.
4
reliability of information (lack of trust and secure information âIs this product really pork from farm XYZâ )
What is the motivation behind Walmart to invest in a blockchain solution?
Greater transparency for the client, this becomes loyalty and trust towards the brand.
How will this new solution benefit us as customers?
We can know where the product of the farm where the animal is grown or raised comes from, and thus see its real quality.
How will this new solution benefit Walmart as a corporation?
Eliminating the layers in the supply chain, which exist today and add very little value to the industry, waste, better handle pollution cases and improve transparency.
What was the missing piece in your solution before finding blockchain?
Transparency and total confidence in the veracity of the information.
- What is the motivation behind Walmart investing in a blockchain solution?
- Food safety
- How will this new solution benefit us as customers?
- Customers will be able to ensure the quality of the food, avoiding fraud. When there is an issue (e.g. disease) detected, it would be faster to trace and recall back the affected products
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How will this new solution benefit Walmart as a corporation?
Makes the supply chain processes smoother, improved trust with suppliers and improved quality control. Can help with risk management as faulty/infected products can be detected and recalled faster -
What was the missing piece in their solution before they found blockchain?
Transparency and share of consistency information amongst participants in the supply chain. Ability to trust and assess quality of participants to avoid fraud through the supply chain
- Walmart wants to maintain consumer confidence in the products they sell. And when a problem arises, to be able to pinpoint the source of the problem, so Walmart can restore consumer confidence quickly.
- Blockchain can document entire product histories from source to consumer. Complete product information can be queried. If any problem arises, the source of the problem can be more easily determined and rectified.
- Improve transparency, traceability, accountability, quality, consistency, efficiency, etc; improve customer confidence; reduce product costs; streamline paperwork; reduce errors and fraud; reduce legal costs; and more.
- An end-to-end solution like a blockchain that provides a complete integrated platform with the information required by the parties involved as needed.