Supply Chain - Reading Assignment

Blockchain Business Course
#663
  1. What is the motivation behind Walmart investing in a blockchain solution?
    Supply chain and tracking of their fresh produce to improve food safety.
  2. How will this new solution benefit us as customers?
    Information is transparent and it is faster to track down if the produce a customer buys might have been contaminated with bacteria or disease.
  3. How will this new solution benefit Walmart as a corporation?
    This will reduce business overhead for the manual processes and improve speed in processing information, especially when they need time critical information to be propagated fast to maintain the high food safety standard.
  4. What was the missing piece in their solution before they found blockchain?
    Transparency in information was the missing piece
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#664

1/ Blockchain solution allows WM to accurately and quickly identify problems such as infection or delays in the supply chain.
2/ Customers will have more confidence in quality of the food we consume.

3/ By quickly identifying any problem in food quality using blockchain, WM can maintain its food supply/quality , avoid loss of consumers’ trust, potential loss of revenues, and legal problems.
4/ Lack of trusted, verifiable data in timely fashion to make decision in real time.

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#665

1 To be able to track the origin and develop of the products to assure the quality and avoiding another food poisonings disaster.

2 With more transparency that assure the product is as good as it claims to be, customers will be more protected from scams and will get what is promised.

3 With better quality products there will be more happy customers choosing Walmart instead of other companies.

4 “The missing piece was a shared forum where companies could begin to see another’s transactions and develop trust”

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#666
  1. Improving food safety
  2. By being able to arm the customers much quicker if something isn’t ok with the goods.
  3. It can trace every station on the supply chain much quicker and has more transparency. Its also less work.
  4. Shared data
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#667
  • What is the motivation behind Walmart investing in a blockchain solution?

to better track their supply chain, and increase the safety of offered products

  • How will this new solution benefit us as customers?

the customer will have more assurance that the food he buys is good for consumption and free of any contaminations or diseases (thanks to faster methods of identifying such issues along the supply chain)

  • How will this new solution benefit Walmart as a corporation?

it improves the quality at a better price for the customer, which is a great benefit to the customer and it also improves the perception of walmart in the public eye perhaps

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

Walmart was missing transparency of their transactions which would also increase the trust / “trustlessness” of the system

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#668
  1. What is the motivation behind Walmart investing in a blockchain solution?
    The motivation is to improve food safety by having better record keeping, more supervision, and stricter health guidelines.
  2. How will this new solution benefit us as customers?
    We will have access to higher quality services and products where potential problems can be accessed quicker.
  3. How will this new solution benefit Walmart as a corporation?
    Walmart as a corporation will have quicker access to critical
    Information, which is more traceable, transparent, and fully digital.
  4. What was the missing piece in their solution before they found blockchain?
    Their missing piece was to have a platform where the companies could see each other’s transactions and develop trust.
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#669

  1. Food safety, supply traceability, better customer service, being able to greatly gaurantee peace of
    mind with the supply chain, efficiency with deliver and cost savings, and less wastage in
    contaminated product situations.

  2. Greater trust in fresher foods, faster transport.

  3. Reduce costs, greater certainty of supply chain accuracy, better producer, transporter and delivery
    transparancy and relationships, higher quality of record keeping ie. locations, storage
    temperatures, ticket clipping cost along the chain etc.

  4. All operators along the entire supply chain were operating independently with different record
    keeping formats.

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#670

  1. To have the ability to track all the products from the first until to the last stage for secure, efficient and reliable process.

  2. It will track the shipping of products and provide better and faster information about the products as they work themselves from shipper to consumer.

  3. Keep their products safer and reduce time and cost to do the same.

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

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#671
  • the inefficiencies of the food traceability process
  • ensuring the quality of the products that we consume and receiving transparent and secure data about the products
  • Making more produtive, transparent and efficient
  • Manual processes and outdated data
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#672

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

    To make the information in a supply chain system for tracking products being shipped more secure, efficient and reliable.

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

    Provides transparency of the products journey from distributor to the consumer.

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

    • Circumvent a lot of law suits!
    • Walmart will gain a lot of trust with their customers.
    • They will have more access to information from each entity involved in the shipping chain.
    • Cost effective
    • Quality product

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

    Transparency of transactions which also enable the development of trust.

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#673
  1. What is the motivation behind Walmart investing in a blockchain solution?

The supply chain was bogged down in manual processes, therefore it was hard to track down any issues with products being shipped and delivered to customers (it took 7 days on average to trace the source of food).

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

Thanks to the blockchain-based traceability solution implemented by Walmart, any issues related to food safety or quality can be solved faster because the source of food, and all other entities involved in the transport, processing, and delivery of the goods can be identified faster (in 2.2 seconds on average), which reduces considerably the time required to act or quickly implement a solution.

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

Walmart will keep their products safer because they will have immediate and full visibility of their supply chain while reducing the time and costs to react or implement solutions whenever issues related to food quality or the safety of their customers occur. Happier and healthier customers = Increased revenues and profits.

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

The missing piece was the transparency of transactions in the supply chain: too many manual, delayed, paper-based processes, which led to no control and increased times and costs for inspection and adaption.

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#674
  1. What is the motivation behind Walmart investing in a blockchain solution?
    makes the supply chain process more traceable, transparent and fully digital
  2. How will this new solution benefit us as customers?
    The food will be safer to consume for consumers.
  3. How will this new solution benefit Walmart as a corporation?
    reduce time and cost
  4. What was the missing piece in their solution before they found blockchain?
    a database that keeps tracking information safe and can be accessed by all interested parties.
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#675

  1. Tracking supply chain more effectively and transparently, thus making food poisoning scandals easier to investigate and eliminate.

  2. Customers will be able to have more resources due to amplified information avaiability, and, given enough time, this will slowly eliminate faulty food factories.

  3. It’s a cheaper way to enhance food safety and tracking.

  4. How to accurately pinpoint where food got contaminated. They couldn’t trust their suppliers, so they chose a trustless way to verify information.

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#676

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

-They wanted a more reliable way of recording each process the products go through so they can easily be traced.

How will this new solution benefit us as customers?

-The consumers will benefit because the supply chain has been verified at all levels.

How will this new solution benefit Walmart as a corporation?

-Accountability, cost-effective, transparent, every process is recorded and cannot be tampered with.

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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#677

What is the motivation behind Walmart investing in a blockchain solution? To prevent disaster scenarios such as the E. Coli tainted spinach event.

How will this new solution benefit us as customers? More transparency about where and how a product came to be. Makes bad case situations, such as the spinach E. Coli scenario, easier to trace so that product can be pulled from the shelves faster and with more precise identification of the specific portion of the affected product. Gretter transparency also makes scenarios such as the melamine laced infant formula less likely as the culprits can more easily be identified and punished.

How will this new solution benefit Walmart as a corporation? Previously, a tainted product would generally lead to a very expensive nationwide recall, and it generally took longer to identify where tainted product was specially (leading to more consumer exposure due to the delay). Thus, better transparency also reduces risks and costs.

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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#678

1 - Improve the traceability of products from the producer to the end customer

2 - If there is a problem with a product, it takes 2.2 seconds to find the source of the problem. This means that the right decisions can be taken more quickly and large-scale contamination can be avoided.

3 - Walmart will save time and cost when it comes to recall contaminated products

4 - A large database open to all untrusted parties and easily modifiable

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#679

  1. What is the motivation behind Walmart investing in a blockchain solution?
    To make the process more traceable, transparent and fully digital- allowing for a much easier and faster way to track the products.

  2. How will this new solution benefit us as customers?
    By making use of blockchain services there is transparency in the supply chain and consumers are ensured food security- as contamination and disease control are monitored closely and more efficiently.

  3. How will this new solution benefit Walmart as a corporation?
    Walmart will establish trust with their customers, will have a smooth-running supply chain, will produce quality products, will lead the industry due to their updated technology, can easily spot issues within the supply chain and correct them efficiently.

  4. What was the missing piece in their solution before they found blockchain?
    There was a lack of trust regarding the quality of goods as it moved from one party to the next; there was no proper method of keeping records of each step in the supply chain.

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#680

hi everyone,

  1. Track efficiently and securely the info about the supply
  2. Bring more transparence and confidence (an issue can be found and solved before the product reaches the customer)
  3. Better reputation, trust from customers => more consumers long term
  4. Lack of records, not digital, slow: it was taking days to track things back instead of seconds
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#681
  1. It makes the process of tracing the food more traceable, transparent and fully digital.
  2. It will give reliable information based on blockchain, cannot be manipulated or erase.
  3. It will short the time spend by Walmart to trace the source of the food from 7 days to 2.2 seconds.
  4. Since the supliers are not blockchain experts, being able to upload their information into the blockchain in a simple way.
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#682

1.) The motivation behind Walmart investing in a blockchain solution was to provide a way to indelibly record a list of transactions indicating how meat is flowed through a commercial network. This network sequentially involves producers, processors, distributors, grocers, and consumers. With the access of this informational network, another E. coli breakout could be prevented.
2.) This new solution will benefit us as customers by providing more transparency about where and how food products are provided for purchase.
3.) This new solution will benefit Walmart as a corporation through more transparent transactions and develop a trust between companies.
4.) The missing piece in Walmart’s solution before they found blockchain was a trust between companies along the supply chain into consumer’s possession.

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