Supply Chain - Reading Assignment

Blockchain Business Course
#61

1 First transparency, second know origin and cost savings.
2 We will be able to trust goods origin.
3 It will make there name like a reliable corporation and save money
4 Transparency of transactions

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#62
  1. What is the motivation behind Walmart investing in a blockchain solution?
  • Track and pinpoint origin of product faster.
  • To alleviate food and safety health concerns needed to ensure and help build consumer confidence
  • To help overhaul the supply chain, Walmart is teaming up with IBM (IBM) and Tsinghua University in Beijing to digitally track the movement of pork in China on a blockchain, also known as a distributed ledger.
  • Consumers today want more transparency about where and how a product came to be
  1. How will this new solution benefit us as customers?
  • Help track producers and the origin of contaminated meat which could avoid sickness or even death from food poisoning
  • Designed to 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 grocersā€”and finally, to consumers.
  1. How will this new solution benefit Walmart as a corporation?
  • Information stored on the blockchain helps circumvent fraud and inaccuracies and much harder to get away with; i.e. includes details related to farm origins, factory data, expiration dates, storage temperatures, and shipping.
  • Walmart eliminate layers that exist today that add very little value to the industry,ā€ Chang said.
  • Help avoid the spreading of contaminated meats
  1. 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 othersā€™ transactions and develop trust,ā€ he said.
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#63
  1. The motivation behind Walmart investing in a blockchain solution is to overhaul the supply chain and secure consumer confidence.
  2. This new solution benefits us as customers by providing transparency as to the origins and transportation of food products.
  3. This new solution benefits Walmart as a corporation by allowing them to better track and correct problems.
  4. *The missing piece in their solution before they found blockchain was that companies along the supply chain didnā€™t know what was going on with the other companies in the chain.
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#64

  1. The motivation behind Walmart investing in a blockchain solution is to avoid health and safety problems, by being able to trace very quickly any potentially contaminated food in case of need.

  2. This new solution will benefit customers in increasing the security of the food they eat.

  3. This new solution will benefit Walmart as a corporation because the clients will have more trust and it is a competitive advantage.

  4. The missing piece in their solution before they found blockchain was the lack of transparency : blockchain acts as a forum where companies can see each othersā€™ transactions and develop trust.

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#65

@filip Hi Filip, the article https://www.bloomberg.com/news/articles/2018-04-23/walmart-is-getting-suppliers-to-put-food-on-blockchain-to-track needs a payment in order to be able to read it. I suggest you propose another article which would be accessible freely. It concerns the second article that is linked from the page https://academy.ivanontech.com/products/blockchain-business-masterclass/categories/1710353/posts/5740708 in the course ā€œBlockchain Business Masterclassā€.
With warmest regards from Switzerland :heart_eyes:, Chantal

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#66

Thank you once again for letting us know that some articles have gone missing :smiley: I will look for new articles to include.

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#67

  1. The motivation for walmart was in finding a way to not only track food production, but also verify the data of each piece in the supply chain.

  2. Customers will benefit from transparency. Although the article didnā€™t go into that detail, I believe that customers could check the porkā€™s origin through an application and perhaps even see the different steps it went through, as well as which authority has approved digital certificates. In short, it gives the customer peace of mind, because the information about the food on the table is verifiable.

  3. Walmart can cut some costs because it can automate certain processes, limit the amount of paper documentation and cutting out some intermediaries. It also gives Walmart the chance to react quickly and determine the source of food contamination.

  4. ID tags and codes have been used before, but there was no place where Walmart and other parties could exchange and verify information, and thus build trust. To over-exaggerate the problem a little, different parties of the supply chain had to blindly trust one another. Now they can incorporate trusted CAs.

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#68
  1. Supply chain tracking and verification is a vital business concern, and key to avoiding future food contamination.
  2. Customers might have more transparency into where their food quality and other items are sourced.
  3. Eliminating layers in the supply chain, that exist today and add very little value to the industry, waste, better manage of contamination cases and improve transparency.
  4. Data being shared between participants. They can start making it mandatory to be on the blockchain. The entire supply-chain can see all transactions and develop trust.
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#69

  1. The outbreak of food poisoning and tractability was the driver for Walmart for investing in blockchain

  2. Customers of Walmart can benefit because of the open nature blockchain provides, better information

  3. With a blockchain Walmart can now pinpoint any problems in any supplychain and solve any issues quickly

  4. Walmart problem which blockchain solved was to give it access and transparency to its supply chain

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#70

Supply Chain - Reading Assignment

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

  • ensure food safety and to generate trust by customers - profit maximaization

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

  • more transparency and advanced provenance

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

  • increas costumer satisfaction by building trust with transparency
  • ensure product quality by tracking the supply chain
  • reduce traditional paper buraeucracy

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

  • turstlessnes, transparency, provenance,
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#71

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Improving food safety, through implementing blockchain to trace the shipping process of the food.

  2. How will this new solution benefit us as customers?
    It provides transparency and allows to verify if the food is safe for consumption. The blockchain solution enables faster identifications of issues along the supply chain and in consequence prevents potential harmful food getting to consumers.

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

  • Gain of trust with customers
  • More efficient identification of issues along the supply chain
  • Cost savings
  • Improvements in product quality
  1. What was the missing piece in their solution before they found blockchain?
    A single forum or database to share reliably, immutable, transparent and secure data among all participants.
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#72
  1. The motivation of Walmart behind investing in a blockchain solution was the necessity of increasing safety of the food they sale.
  2. The new solution will benefit all the customers by ensuring that the sold food is safe for consumption.
  3. The Blockchain solution allows Walmart to identify faster dangerous food, which would decrease rge possibility of unsafe food entering their store. As a result, it will reduce potential financial loss and brand damage.
  4. Walmart had problems with their suppliers, that involved a lot of manual (non-digital) processes. Their supply chain process was missing traceability and transparency.
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#73
  1. What is the motivation behind Walmart investing in a blockchain solution?
    To have a more accurate supply chain in which problems can be identified quickly.
  2. How will this new solution benefit us as customers?
    Provides transparency about the product(s) and therefore we gain confidence about what we buy.
  3. How will this new solution benefit Walmart as a corporation?
    Reduce cost, able to reduce contamination issues faster, gain customers by providing transparency.
  4. What was the missing piece in their solution before they found blockchain?
    A system in which companies see each other transactions, that are relevant to the product(s), and therefore gain trust between each other by being able to verify the information.
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#74

To assure the standards of its supplies with more secure systems, reliable pinpoints, and efficient operations. Avoiding waste of money and inappropriate handling of its goods.
2.
It will allow more transparency through the whole chain, Customers would be able to track if each step of the supply chain has followed the requirements, regulations and quality control, assuring the safety of products.
3.
Saving in paperwork and workforce in every stage of the supply chain, keeping track of location, safety, and conditions of its goods, enable to pinpoint ā€œthe whereā€ of possible contamination has occurred and quick respond to that; and build a transparent and trustful relationship with customers.
4.
Trust in each participant of the chain, transparency in the handling of each stage, the immutability of the data.

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#75

1. What is the motivation behind Walmart investing in a blockchain solution?
Keeping consumer confidence by being able to track and pinpoint more quickly where the product originated from. Basically getting to the source of a problem a lot quicker.
2. How will this new solution benefit us as customers?
We will be able to trace the origin of a product if we need to, see where it was made, the processors and distributors involved.
3. How will this new solution benefit Walmart as a corporation?
Less paperwork, reduced fraud because everything will be transparent on the blockchain from start to finish. Information relating to product expiry dates, farm origins and factory data will be recorded and easily accessed. Increased speed and reduced costs.
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.

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#76

Consumer confidence in spinach waned after a deadly e.coli outbreak. With a blockchain you can track and identify the source of the problem and audit subsequent history to further contain and prevent contagions. With their new blockchian, food safety and security will become part of WalMarts brand recognition, increasing their customer base while making their supply chain more transparent, honest and efficient. The missing piece was a shared forum where companies could begin to see each othersā€™ transactions and develop trust.

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#77
  1. To make the information in a supply chain system for tracking products being shipped more secure, efficient and reliable.
  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. Walmart will gain a lot of trust from their customers.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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#78
  1. To have access to reliable and current information throughout the supply chain process to promote efficiency and safety for the food industry
  2. Can be more confident int the quality of food we are buying
  3. Will lessen the impact of any problems within the supply chain on the quality of the product and the well being of the customers.
    4.The ability to accurately and effieciently track the movement of the product throughout the entire supply chain
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#79

What is the motivation behind Walmart investing in a blockchain solution?
To track detail in their supply chain closer. For more accurately and quickly identify problems in the supply chain.
How will this new solution benefit us as customers?
It provides transparency of the products journey from distributor to the consumer. We will have more confidence that the food we eat is fit for consumption and free from contamination or disease.
How will this new solution benefit Walmart as a corporation?

  • Gain more trust from their customers
  • They get better access to information from every entity involved in the process
  • Cost effective, and no need for trust from every entity

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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#80

Walmart wanted to be able to identify the source of their food products quickly in order to isolate questionable products at a moments notice.

  1. Customer can be assured their food is safe.
  2. Walmart will be seen as a trusted source of products since they are able to remove tainted or questionable product immediately from shelves.
  3. There was no single source of information about product origin. This caused long delays in tracing a tainted source of a product. If the contaminated product was found to come from a certain region or supplier, those products could be removed.
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