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What is the motivation behind Walmart investing in a blockchain solution?
To help provide more transparency and trust in the food supply chain. There have been issues with food poisonings over the years and using blockchain to track each step of the process can help identify where contamination may have occurred. This would allow for faster resolutions and give consumers more confidence. -
How will this new solution benefit us as customers?
It would give customers more transparency to be able to see where their food has been from producers to processors, distributors, grocery stores, etc until it ultimately reaches their kitchens -
How will this new solution benefit Walmart as a corporation?
Will help provide more trust for them with the food producers & distributors they work with. They will be able to a see a list of all transactions and everywhere the food has traveled through. Gives the corporations more transparency and accurate information. -
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
- What is the motivation behind Walmart investing in a blockchain solution?
A. The E. coli romaine lettuce problem from last spring, creating an easier, faster solution to see if one of the affected farms,
sold infected supply to a particular location with much greater precision. - How will this new solution benefit us as customers?
A. Making sure that the food that is sold at Walmart is safe for consumption. - How will this new solution benefit Walmart as a corporation?
A. If there is a problem, making auditing the supply chain a trivial activity. - What was the missing piece in their solution before they found blockchain?
A. Difficult and time consuming to track down an issues.
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What is the motivation behind Walmart investing in a blockchain solution?
To track E coli infected produce and remove it. -
How will this new solution benefit us as customers?
Fewer or no food related transmition of disease, faster and more targeted recall of items. More transparency where food really comes from, less fraud and inaccuracies. -
How will this new solution benefit Walmart as a corporation?
better tracking of supply chain and faster recalls of damaged items. -
What was the missing piece in their solution before they found blockchain?
a shared forum for different companies to see transcations of other companies to build trust
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What is the motivation behind Walmart investing in a blockchain solution?
The motivation came from an E Coli outbreak which resulted in death of a few consumers. -
How will this new solution benefit us as customers?
The solution increase transparency and increase food safety. -
How will this new solution benefit Walmart as a corporation?
Walmart will have more vision, faster reaction time and more control of their supply chain, resulting in less incidents which can damage their reputation. -
What was the missing piece in their solution before they found blockchain?
The missing piece was a channel of information where all the players along the supply chain can trust the transaction, in the form of a share forum
What is the motivation behind Walmart investing in a blockchain solution?
Because of an E. Coli outbreak that made several hundred individuals sick.
How will this new solution benefit us as customers?
If another outbreak happens, you could track and pinpoint where the issue came from faster. It could help prevent disaster scenarios of food poisoning. It will provide more transparency to the customer.
How will this new solution benefit Walmart as a corporation?
It will give Walmart more transparency of how products or transactions flow through a commercial network, from producers to processors to distributors to grocers and to consumers. Fraud and inaccuracies regarding product details or product handling would be harder to get away with.
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.
- What is the motivation behind Walmart investing in a blockchain solution?
Walmartâs motivation behind using the blockchain is to digitize the food supply chain process in order to improve food safety
- How will this new solution benefit us as customers?
Customers will have insight in a more transparent supply chain traceable and fully digital.
- How will this new solution benefit Walmart as a corporation?
Since each node on the blockchain could represent an entity that has handled the food on the way to the store, Walmart will be able much easier and faster to see if one of the affected farms sold infected supply to a particular location with much greater precision.
- What was the missing piece in their solution before they found blockchain?
Before moving the process to the blockchain, manual processes made it difficult and time consuming to track down the source of infected food. Since blockchain brought this processing time from several days to few seconds, it substantially reduced the likelihood that infected food will reach the consumer.
- Making information transparent, efficient, fast and reliable.
- It will provide better tracking form A to Z, and it will help protect consumers.
- It will reduce the time and cost of fixing any issues, products will maintain higher quality, customer trust will increase.
- The heavy burden of keeping records was an issue. In addition, transparency and consumer trust can be improved by use of blockchain.
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They want to use Blockchain technology to be able to trace the food chain process so they can ensure high quality and avoid ourbreaks reaching consumer to ensure safe consuption.
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Customers will be able to track the source of the vegetables they eat, as lately we are more aware what we put in our bodies.
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Transparency will increase trust between Walmart and consumers.
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Not enough information of tracking the process between the parties, farm and store.
Achieving more transparency within the supply-chain, digitizing the processes. Allowing them to identify bottlenecks or food quality problems more easily and faster.
Improved quality of the food, assurance that food is ready for consumption.
Improving itâs image + more digitized process, which will reduced costs due to less manual intervention.
Lack of transparency in very fragmented supply-chain processes - often cross-company & border.
- What is the motivation behind Walmart investing in a blockchain solution?
have a reliable, efficient process to trace fresh vegetables
- How will this new solution benefit us as customers?
identify faster contaminated sources, suppliers and react quicker to consumers, and prevent spread of diseases.
- How will this new solution benefit Walmart as a corporation?
retain customer loyatly, avoid lawsuits, efficient process, reduce cost and time to trace with suppliers, improve suppliers trust
- What was the missing piece in their solution before they found blockchain?
how to upload data and see the same transactional information from supply chain participants., make a simple process to upload data into the blockchain, there is always a new application to develop in the frontend to enable a friendly interface and also trust each other transactions in the ledger.
- Walmart bets on the blockchain to improve food safety by tackles issues from the supply chain
- As customer it brings transparency and strengthen the trust.
Traceback possible in a few seconds with blockchain. Accurately track product quality and origin.
Add smoother, lower-friction inventory management.
React to spikes and drops in customer demand.
All better, faster and more reliably than ever before. - Blockchain can validate the assetsâ origin, manufacturer, materials, and more. The company reduce counterfeit goods and provably support sustainable and ethical trade, human rights, and environmental protection.
A1. Tracking food supply and food quality
A2. Provides transparency and details across the supply chain.
A3. Faster delivery, easy tracking, gaining customers trust by being transparent.
A4. Data sharing and transparency between parties.
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What is the motivation behind Walmart investing in a blockchain solution?
Walmart invested in a blockchain solution to digitize the food supply chain process, which can help with having safer food in stores -
How will this new solution benefit us as customers?
Before moving the process to the blockchain, it typically took approximately 7 days to trace the source of food. With the blockchain, itâs been reduced to 2.2 seconds. That substantially reduces the likelihood that infected food will reach the consumer. -
How will this new solution benefit Walmart as a corporation?
This saves time, and saving time can save money. Also, if it is used to stop bad food, before it arrives at Walmartâs stores, this can help them to give better service to their cutomers. It also might protect Walmart from bad public relations of from being sued (because selling bad food can increase the risk of bad public relations or being sued by a customer who ate bad food). -
What was the missing piece in their solution before they found blockchain?
A fast enough, shared, transparent database that keeps track of the whole supply chain. As mentioned earlier: âBefore moving the process to the blockchain, it typically took approximately 7 days to trace the source of food. With the blockchain, itâs been reduced to 2.2 seconds. That substantially reduces the likelihood that infected food will reach the consumer.â
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What is the motivation behind Walmart investing in a blockchain solution?
Is to accurately and incorruptibly track the provenance of its supply of fruits & vegetables., to tracking down issues such as contamination. -
How will this new solution benefit us as customers?
It Improved system for tracking down infected supplies. And it will increase efficiency and transparency of the products people use. -
How will this new solution benefit Walmart as a corporation?
With that, they build trust because of safety and transparency -
What was the missing piece in their solution before they found blockchain?
A place where all of the companies could communicate with each other, to develop trust and transparency
- Its to make sure the information from a supply chain for tracking items beings shipped more efficient, reliable and secure.
- It tracks the logistics of items and provide more accurate and faster information about the items and they are sent from shipper to customers.
3)It will help them identify issues and alert suppliers of problems before they spread. Its a more time efficient way if doing things. It can cut down the time to fully notify customers from 7 days to 2.2 seconds.
4)Shared forum where companies in the entire supply chain can see all transactions and develop trust.
- What is the motivation behind Walmart investing in a blockchain solution?
it typically took approximately 7 days to trace the source of food. With the blockchain, itâs been reduced to 2.2 seconds. That substantially reduces the likelihood that infected food will reach the consumer.
- How will this new solution benefit us as customers?
transparent supply chain
- How will this new solution benefit Walmart as a corporation?
transform the food system, benefitting all stakeholders
- What was the missing piece in their solution before they found blockchain?
making sure that the food that is sold at Walmart is safe for consumption, and if there is a problem, making auditing the supply chain a trivial activity.
- What is the motivation behind Walmart investing in a blockchain solution?
Tracking the food data to ensure freshness and hygiene. - How will this new solution benefit us as customers?
It can benefit our health in case of infected foods. - How will this new solution benefit Walmart as a corporation?
Save time, money on logistics. Having fresh supply is good for business and costumers. - What was the missing piece in their solution before they found blockchain?
Product provenance and traceability. A device or application to participate as a producer, a ledger or a private blockchain with friendly UI.
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What is the motivation behind Walmart investing in a blockchain solution?
By placing a supply chain on the blockchain, it makes the process more traceable, transparent and fully digital. -
How will this new solution benefit us as customers?
A more efficient and transparent process to trace the source of products. -
How will this new solution benefit Walmart as a corporation?
Transparency, trustworthiness, a more efficient process. -
What was the missing piece in their solution before they found blockchain?
A communication channel which shows the supply chain for each product from start to finish.
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Motivation behind Walmart investing in a blockchain solution is ability to make transparent traceable immutable supply chain network all the way from producers to processors, distributors, grocers finally, to
consumers reducing the time for it to an instant manner brining safety in managing food and consumers trust to the first degree. -
Placing supply chain on the blockchain will benefit us customers greatly in many different ways. One perhaps the greatest benefit for me that it is giving us as customers is the opportunity to know the truth about the product we are purchasing, itâs origin and the real contexture.
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This new solution will benefit Walmart as corporation by raising the quality of products they have available while eliminating unnecessary expenses reducing the costs in the business operation, brining transparency and trust to the clients, while incorporating inability for fraud and inaccuracies
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The missing piece in their solution before they found blockchain was transparency, shared ledger where everyone can see transactions between corporates, immutability, trust, easy control in cooperation.
1. What is the motivation behind Walmart investing in a blockchain solution?
The g oal ultimately was making sure that the food that is sold at Walmart is safe for consumption, and if there is a problem, making auditing the supply chain a trivial activity.
2. How will this new solution benefit us as customers?
Customers have a more transparent supply chain. Increased trust in quality of foodpurchased from Walmart. Access to fresher better quality food.
3. How will this new solution benefit Walmart as a corporation?
Before moving the process to the blockchain, it typically took approximately 7 days to trace the source of food. With the blockchain, itâs been reduced to 2.2 seconds. That substantially reduces the likelihood that infected food will reach the consumer.
M aking sure that the food that is sold at Walmart is safe for consumption, and if there is a problem, making auditing the supply chain a trivial activity.
Easier to track product in supply chain.
4. What was the missing piece in their solution before they found blockchain?
A transparent supply chain.
Before moving the process to the blockchain, it typically took approximately 7 days to trace the source of food.