Supply Chain - Reading Assignment

Blockchain Business Course
#141
  • What is the motivation behind Walmart investing in a blockchain solution?
    To create greater transparency in food supply chain and prevent toxic foods to enter its stores
  • How will this new solution benefit us as customers?
    We know where the food comes from, who the producers are and make us feel safer
  • How will this new solution benefit Walmart as a corporation?
    They are able to save money by not purchasing products they have to throw away, potential lawsuits and higher profitability (people feel more confident to buy)
  • What was the missing piece in their solution before they found blockchain?
    Could not track whether particular items were added to food and if the food was safe
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#142
  1. What is the motivation behind Walmart investing in a blockchain solution?
    To track the supplychain and figure out information within seconds instead of having excel spreadsheets or Sap systems with the information split up in several parts
  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?
    Consumer confidence and easier supply chain management, reporting, and optimization
  4. What was the missing piece in their solution before they found blockchain?
    transparent medium where trust can established between company who supply each-other
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#143

1
Many bad events affecting thousands of people. Once a while contamination of bacteria or chemicals kill or get ill consumers of the big supply chains incapable of checking the quality of all the sold products.

2
When an expanding disease is recognized, the authorities can check and limit the consumption of a certain lot of the product, not all the genre. Tracking the origin of the accident, can also prevent future occurrences.

3
By advertising the bc solution as brand-transparency for the customers, Walmart gain consumer’s trust and fidelity.

4
Clearly, without the bc it’s impossible to perform a large-scale quality-control along the whole supply chain. Walmart needed a way to prevent or spot frauds and inaccuracies by archiving details related to farm origins, factory data, expiration dates, storage temperatures, and shipping and so on.

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#144

  1. What is the motivation behind Walmart investing in a blockchain solution?
    A: to help avoid problems that can occur due to time and tracking of goods

  2. How will this new solution benefit us as customers?
    A: Consumers can see when and where their products have been

  3. How will this new solution benefit Walmart as a corporation?
    A: It will cut down on the cost of the supply chain and improve time on shipping

  4. What was the missing piece in their solution before they found blockchain?
    A: Trust in the upkeep of the goods and improper record-keeping of data

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#145

1- To track the details in their supply chain system closer, secure, efficient and reliable.
2- It provides transparency product and more trust in the food.
3- The transaction are made faster and with quicker details about the products. Also, it more transparent.
4- A database that we can trust, transparent, and faster service.

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#146
  1. Ultimately, to unsure customer trust and loyalty is not affected by tainted food products. Secondly it will allow Walmart to aim for transparency by being able to have a fully traceable supply chain that is transparent to all stakeholders that participate.
  2. The consumer will be able to verify that the food item he is buying comes from a trust source.
  3. It benefits Walmart by ensuring customers can trust the safety of the items that they are buying and consuming.
  4. The missing piece was a “shared forum” or platform on which multiple stakeholders could share information and build trust.
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#147

  1. The hope is that by implementing blockchain technology in the food supply lines that we will be able to cut down on shipping times, as well as more easily be able to locate and trace areas of contamination.

  2. This new solution will benefit customers because we can more quickly identify areas of the supply line where our food may become contaminated. Therefore we will be able to more quickly get non-contaminated food back onto the shelves, as well as cut down shipping time which means that perishable items will be more fresh when arriving at the stores. Thus this will also allow for longer shelf life than previous supply chain processes allowed for.

  3. Customers will trust Walmart more for their food than other competitors who do not implement this technology, due to increased transparency. Thus more people will view Walmart as the safer alternative, boosting the amount of people willing to shop there over other establishments. The blockchain is also more cost effective, since they will not have to throw out as much product, nor miss out on sales while a product is not on the shelves due to it taking longer to trace everything. Walmart will also avoid being sued by many dissatisfied customers who may have gotten sick from eating their products.

  4. The missing piece that Walmart needed was complete and quickly verified transparency throughout the entire supply chain.

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#148

What is the motivation behind Walmart investing in a blockchain solution?
Establishing a certified paper trail that contains all of the information about where and when a product was made and transported.

How will this new solution benefit us as customers?
It provides customers with certainty that the product we are buying is bonafide and we are not being lied to about the origins and history of the goods.

How will this new solution benefit Walmart as a corporation?
This will improve the reputation of Walmart as a trustworthy vendor who is honest in their product descriptions. It will also improve the enfficiency of their supply chain management and reduce costs to the customer.

What was the missing piece in their solution before they found blockchain?
There was a lot of paperwork and this led to an opaque and slow supply chain.

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#149
  1. The motivation behind Walmarts investment into a blockchain solution is to improve the reliability, speed, security and efficiency of data within the supply chain.
  2. It will provide the customer with faster and more reliable information about our product purchases.
  3. It will benefit Walmart as they are removing the trust element and therefore building a stronger relationship with their suppliers and with their customer base.
  4. A platform that could provide an adequate level of collaboration and trust with their supply chain partners and with their consumers.
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#150

1)they previously had major problems to trace occuring (health, quality) problems along the food chain, which was way to slow
2)more transparent process of food sources and travels; improved trust
3) faster identification of source of food (within seconds instead of days ); faster access to information as all info is digitally available
4)a commonly used platform on which companies could see each others’ transactions and develop trust.

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#151

What is the motivation behind Walmart investing in a blockchain solution?
To provide the customer with transparency and save foods.
How will this new solution benefit us as customers?
We can validate our food, and we don’t have to trust our supply chain.
How will this new solution benefit Walmart as a corporation?
More potential clients will gravitate towards them because they can guarantee food safety.
What was the missing piece in their solution before they found blockchain?
The transparency and traceability of the supply chain.

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#152
  1. To optimize their supply chain.
  2. Better product availability and delivery
  3. More competitive in an environment where others are getting crushed, like K-Mart.
  4. Data sharing
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#153
  1. tracing back the sources of their product
  2. it will be easy to track of something harmful contained and causes victim
  3. they will be more reliable for their customer
  4. real time database with decentralize network unification
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#154

  1. Increase their food safety through digital (quicker) Transparency and Traceability of their food and product supply chain. Using blockchain will also make it more immutable information.

  2. More knowledge of product origin and safety

  3. Efficiencies (therefore cost savings) across many areas of the supply chain but also near instant trackability of food disease as an example which currently would take days to weeks.

  4. What was missing was a coordinated, single system of immutable trackability that all participants in the supply chain could use and trust. IE: what a blockchain is good at.

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#155
  1. To avoid contamination, it was necessary to track and pinpoint where that food came from and prevent disaster scenarios. The motivation behind Walmart investing in blockchain solution was to provide consumers with transparency of where and how the product originated.
  2. It will help customers eliminate the layers and to get all the details related to farm origins, factory data, expiration dates, storage temperatures, and storage.
  3. It will benefit the corporations so they will be able to view each other’s transactions and develop trust. The system will be cost-effective too.
  4. The missing piece was a shared forum/ledger.
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#156

What is the motivation behind Walmart investing in a blockchain solution?
Being able to record the details of actors within their supply chain of goods. To make pinpointing the source, and flow of goods within the system easy.

How will this new solution benefit us as customers?
Customers will be able to see where their food goods come from. It will increase trust and confidence in their purchases.

How will this new solution benefit Walmart as a corporation?
Customer trust and confidence, should breed increased custom. It would also in the case of a food quality or contamination issue reduce costs, by knowing where to close issues down, rather than have to destroy an entire stock holding.

What was the missing piece in their solution before they found blockchain?
A forum that would allow companies to see each others transactions and develop trust

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#157

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Track and trace, speed of info, reliable, efficient.

  2. How will this new solution benefit us as customers?
    Safe and secure products to the costumers. Transparency.

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

Faster identification of problems within supplier chain, optimization, cost.

  1. What was the missing piece in their solution before they found blockchain?
    Shared infrastructure where companies involved in the supply chain could see each other’s transactions and develop trust.
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#158

  1. The foremost motivation is to make the details in their supply chain more transparent.

  2. Just like I said above, it creates a layer of transparency, and also trust to us consumers. Where we can in a better way see “where” the food came from, and “how” it has been transported and held.

  3. It will make it much more time and cost-efficient to identify problems and wrongdoings in the supply chain.

  4. The missing part was the transparency of transactions which creates another layer of trust.

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#159
  1. To make the supplay chain process more transparent
  2. We know where the food we boy comes from and how was the whole process behind it.
  3. They will built trust with customers and suppliers.
  4. The information about origen and the production process could easily be tampered with.
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#160

  1. What is the motivation behind Walmart investing in a blockchain solution?
    Walmart’s motivation to invest in blockchain is to make sure they are able to verify and track the orders and eventually detect food poison cases.

  2. How will this new solution benefit us as customers?
    Customers are able to verify the place of origin of the products which means more transparency.

  3. How will this new solution benefit Walmart as a corporation?
    Walmart builds trust and loyalty with their own customers which translate in more profit. Plus, they can save costs on paperwork and track eventual problems quicker.

  4. What was the missing piece in their solution before they found blockchain?
    It was the ability to see transactions and develop trust through a shared infrastructure.

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