Supply Chain - Reading Assignment

Blockchain Business Course
#703

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Reduce audit times of known infectious products.

  2. How will this new solution benefit us as customers?
    Reduce chances of purchasing infected foods.

  3. How will this new solution benefit Walmart as a corporation?
    Less liability for food poisoning incidents, better public reputation.

  4. What was the missing piece in their solution before they found blockchain?
    A unified platform that can absorb data from the ad-hoc systems each supplier uses.

#704

  1. What is the motivation behind Walmart investing in a blockchain solution?- The motivation is to enhance food safety and traceability in the supply chain. By using blockchain, Walmart aims to make the food supply chain more traceable, transparent, and digital, reducing the time it takes to trace the source of food in case of issues like contamination.

  2. How will this new solution benefit us as customers?As customers, we can expect a more transparent and safer food supply chain. The blockchain solution reduces the time it takes to trace the source of food from 7 days to 2.2 seconds, lowering the likelihood of contaminated food reaching consumers.

  3. How will this new solution benefit Walmart as a corporation? For Walmart, the blockchain solution provides a more efficient and reliable means of tracing the food supply chain. It enhances customer safety, builds trust, and streamlines the auditing process. Ultimately, it contributes to a more transparent and technologically advanced food system.

  4. What was the missing piece in their solution before they found blockchain? Before adopting blockchain, the traceability process in Walmart’s supply chain took approximately 7 days. The missing piece was the speed and efficiency needed to quickly trace the source of food in case of issues like contamination. Blockchain addressed this by reducing the traceability time to 2.2 seconds, providing a significant improvement over the previous manual processes.

#705
  • What is the motivation behind Walmart investing in a blockchain solution?
    The food supply chain like every supply chain is very complicated, involving a myriad of actors, and security is paramount on it.
  • How will this new solution benefit us as customers?
    The blockchain allows for every actor involved to participate in the network so that instead of having to go a level up or down, one by one, in case of problem, we can go back to the source immediately. It gives full transparency
  • How will this new solution benefit Walmart as a corporation?
    Cost savings for all food safety related activities, as well as making every actor participate, potentially cutting the middle men.
  • What was the missing piece in their solution before they found blockchain?
    They didn’t have one platform that kept the data where all parties could come and participate.
#706

Being able to track details/suppliers in their supply chain to accurately track any problem or issue that might happen like the coil romaine lettuce problem.
2- it gives the customer more transparency of the product journey and makes sure it’s safe to consume.
3-it will help Walmart to trace the issue effectively and fast and also gain the trust of customers by being very transparent about the product journey. also, they will have more info about all parties involved in the supply chain
4- they couldn’t trace the affected farm that sold infected supplies for the specific location.