Supply Chain - Reading Assignment

Blockchain Business Course
#622

1). The motivation behind Walmart investing in blockchain solutions are to authenticate products from farm to consumers using a transparent, secured, and reliable systems, such as blockchain.

2). Customers can trust that the products are safe and authentic from manufacturer to consumer. ( Transparency )

3). Customers will trust where and how the products are handled from transparency from the blockchain. This will result in higher sales from consumers. Higher returns for investors.

4). The missing piece in their solution was a forum of companies that could see each others transactions and start to develop trust.

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#623
  1. By placing a supply chain on the Blockchain, it allows making the process more transparent and traceable.
  2. The customer will have more info and details about products that purchased in an open transparent and secured source (DB).
  3. By digitalizing info and storing it in one DB will give faster access and reduce a paperwork, secure network by difficulty of falsification, cheaper.
  4. Transparency and traceability between participants
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#624
  1. Make the process more traceable, and moreover transparent.
  2. They will know where what they are eating comes from in minutes.
  3. Is going to be more tranparent and as a consequence more trustworthy.
  4. Shared forum.
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#625
  1. To have supply chain traceable, transparent and digital,
  2. There will be much less risk of getting bad food
  3. It will decrease their risks of getting bad attention because of bad cases.
  4. Transparency within supply chain.
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#626

  1. What is the motivation behind Walmart investing in a blockchain solution?
    The real motivation is to protect their bottom line through creating built in efficiency, safety and transparency to their supply chain, thereby reducing the time required to track produce/food products from origin to shelf and maintaining consumer confidence, as a result.

  2. How will this new solution benefit us as customers?
    In cases where there have been tainted or compromised products, this will help Walmart remove those products from the shelf and warn consumers quickly, minimizing health risks to those consumers. It will also help to keep costs lower, which should be reflected in lower levels of price inflation.

  3. How will this new solution benefit Walmart as a corporation?
    By reducing financial risk and losses along the way, and keeping prices lower, thereby maintaining consumer confidence.

  4. What was the missing piece in their solution before they found blockchain?
    Speed of investigation/tracking and transparency between supply chain nodes were missing prior to blockchain development.

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#627
  1. To improve transparency and reliability of information on food supply-chain (in this case meat).
  2. We can query and trust the source of foodstuff we buy as well as the storing conditions along the supply-chain. If there is contamination of the food along the way, it can be rapidly located and only the relevant branch of the chain needs to be recalled. Put simply: better quality.
  3. Better and more reliable quality assurance. In case of contamination less wasted goods. Presumably: faster and cheaper logistics and authorization of shipments.
  4. Linking the information already collected at various points along the supply-chain to a common and trusted channel of information.
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#629
  1. To prevent disaster scenario like a fatal nationwide outbreak from contaminated food.
  2. It gives consumers transparency of where products come from.
  3. Walmart will gain trust from customers as they achieve transparency and accountability of information.
  4. The missing piece was a shared forum where companies could begin to see each other’s transactions and develope trust.
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#630

  1. Provides safer food and faster turnaround time to trace food safety outbreaks. Form 7 Deays to 2.2 second with FoodTrust.

  2. Reduced likelihood that contaminated food gets to the consumer.

  3. Provides trusted information across the supply chain. All paperwork and certificates are available for tracking. Also can reduce waste by food moving faster through the supply chain and reduced food fraud.

  4. A trusted supply chain database which can be easily accessed by all parties, including the consumer if required.

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#631

1) What is the motivation behind Walmart investing in a blockchain solution?
The motivation behind the blockchain solution was to keep track of food supply chains in case of any contaminated foods.

2) How will this new solution benefit us as customers?
It will make sure food being processed is safe by tracking where contaminated food entered the supply chain and where it was sold. This will give a faster solution to alert consumers.

3) How will this new solution benefit Walmart as a corporation?
It will benefit Wal-Mart by lowering the contaminated food being consumed by the consumer there by lowering the lawsuit risk for consumers affected by contaminated foods. Also this will benefit with the knowledge that food being sold at Walmart will be tracked efficiently.

4) What was the missing piece in their solution before they found blockchain?
The missing piece was tracking down where the contaminated foods were coming from and where they were being sold.

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#632

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

  • More transparency and trust.
  • Eliminate fraud and mistakes.
  • increase the supply chain efficiency.

2. How will this new solution benefit us as customers?
The costumer can be sure that the food they buy is not infected with weird diseases.

3. How will this new solution benefit Walmart as a corporation?
They can improve the selection of suppliers and quickly identify contaminations sources.

4. What was the missing piece in their solution before they found blockchain?
a shared forum where companies could begin to see each other’s transactions and develop trust

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#633

Q1, An E-coli outbreak in the food supply chain.
Q2, It will enable very effective and fast pin pointing of the source of contamination therefore providing quick response time to prevent further spread throughout the supply chain.
Q3, Trust among Walmart and its will grow. They can strengthen the company reputation and have a much deeper level of transparency across the entire supply chain network from producer to store.
Q4, A shared forum where companies will begin to see each others transactions and develop trust.

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#634
  1. To provide trust to customers of how a food came to be and to have greater traceability of where and how products have been.
  2. It will shine a light of the food industry and allow the customers to see how a product came to be.
  3. It should increase trust in Walmart if it can accurately trace bad products and stop tragedies from happening.
  4. Not being able to properly and accurately track.
1 Like
#635
  1. What is the motivation behind Walmart investing in a blockchain solution?
    To track the details in their supply chain closer, in order to provide the customer with product that is safe for consumption.
  2. How will this new solution benefit us as customers?
    Customers might have more transparency into where their food quality and other items are sourced.
  3. How will this new solution benefit Walmart as a corporation?
    Keep their products safer and reduce time and cost to do the same.
  4. What was the missing piece in their solution before they found blockchain?
    Transparency of transactions which also enable the development of trust.
1 Like
#636

Reading assignment: Supply Chain

  1. What is the motivation behind Walmart investing in a blockchain solution?
    To ensure safety in the food they supply and ensure that hey enhance consumer’s confidence it the food they supply.
  2. How will this new solution benefit consumers?
    This will lead to an increase in the confidence customers have in Walmart.
  3. How will this new solution benefit Walmart as a corporation?
    They can decrease losses due to food waste.
    An increase in customer confidence will lead to people rather shopping at Walmart than at other leading competitors, because customers will rather purchase at stores that they trust.
  4. What was the missing piece in their solution before they found blockchain?
    Better transparency of food supply and transactions
1 Like
#637

  1. What is the motivation behind Walmart investing in a blockchain solution?
    An E.coli outbrake a decade ago that killed 3 people and injured 200 more.

  2. How will this new solution benefit us as customers?
    It will provide transparency within food supply-chain from China to USA. Avoiding data corruption and data fraud.
    “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.”

  3. How will this new solution benefit Walmart as a corporation?
    Keep their products safe, gain costumers trust and aproval, faster problem identification, erase several unnecessary layers of the process and make it cheaper and faster.

  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,” … “That missing piece is
    something like the blockchain.”

1 Like
#638
  1. What is the motivation behind Walmart investing in a blockchain solution?
    Food safety
  2. How will this new solution benefit us as customers?
    The customer will be able to have more trust in Walmart that their food is safe to eat.
  3. How will this new solution benefit Walmart as a corporation?
    If they can use Blockchain to make sure that the food say sell is always safe they will be less likely to get sued.
  4. What was the missing piece in their solution before they found blockchain?
    A database with all the supply chain transactions.
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#639
  1. To improve the safety and integrity of the food they deliver to customers by better tracking it along the supply chain.
  2. It will decrease the likelihood of food that is contaminated reaching the customer.
  3. It will increase the trust consumers have in their products and that will spill over into their bottom line.
  4. A shared forum and open ledger.
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#640

Supply Chain – Questions


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

Several motivating reasons behind Walmart’s adoption of blockchain technology:

• An E. coli outbreak coming from inedible romaine lettuce in spring 2018.
• Food safety (generally speaking): making sure that food is safe for consumption of its customers  improve the safety and integrity of the food delivered to customers by better tracking it along throughout their supply chains
• To more accurately and quickly identify supply chain issues (eg: sourcing the origin point of a food poisoning case).
• Potential cost savings (+ less food wastage) by avoiding massive lawsuits and food recalls that could arise from a poorly managed, or suboptimal, supply chain
–> A blockchain solution would essentially take much of the onus off of Walmart and place it upon other participants (suppliers, farmers, etc.) by having better records of key operational processes (eg: storage temperature of food during transit)
–> Provides a more secure, efficient, and reliable way to store data and allowing anyone to openly assess any involvement.

• Savings generated by fewer man-hours required to continuously and repeatedly check certain products.
• (Re)gain consumer trust after several food scandals in the industry by ensuring the traceability and transparency of any food product within its overall supply chain.


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

Benefits to customers:

• Greater confidence in the food we eat, knowing that it has been properly vetted and is safe for consumption (i.e free of potential contaminants, diseases, or accurately reflects its nutritional-value labels) thanks to the fully transparent and immutable way of tracing any action within a supply chain powered by a blockchain solution.
• Fully traceable provenance of any product (from origin to point of sale).

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

Benefits to Walmart:

• Multiple lawsuits avoided
• Greater consumer trust and loyalty / greater transparency and reliability of their products/services.
• Better access to information from each entity involved in their supply chain.
• More cost-effective way of quickly identifying issues in their supply chain.
• Cost savings generated by getting rid of departments/parts of the supply chain adding little to no value.
• Better quality products
• Improved public relations
• Fewer frauds/inaccuracies/errors


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

They couldn’t reliably monitor the actions of their suppliers and farmers who could easily falsify or inaccurately report certain details along the supply chain.

With blockchain technology, these kinds of shenanigans are no longer possible given that all entries are fully transparent, immutable, and traceable across the entire network’s ledger.

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#641
  1. Eliminate manual processes which makes it difficult to track down issues.
  2. The tracing time for infected foor is shortened, making it easier to remove those products before they make more customers sick.
  3. Having a full stock of infected food making your customers sick is a bad look. This helps them nip the problem in the bud before it becomes a big deal.
  4. Thrust & transparancy.
1 Like
#642
  • What is the motivation behind Walmart investing in a blockchain solution?
    Speed of tracability of food emergency to the source
  • How will this new solution benefit us as customers?
    Can trace back to the farm
  • How will this new solution benefit Walmart as a corporation?
    Improves Walmart brand and quality control.
  • What was the missing piece in their solution before they found blockchain?
    Absent of a ledger or database of tracking the source of the food supplier.
1 Like