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What is the motivation behind Walmart investing in a blockchain solution?
To improve food safety -
How will this new solution benefit us as customers?
Guaranty food safeness in addition to quality and price -
How will this new solution benefit Walmart as a corporation?
Safer, sustainable, responsible checks on the food system. (cut trace time dramatically, more transparency, digital VS paper) -
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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- the motivation behind walmart investing in blockchain is because of bad food products poisoning consumers. once we are able to target specifically where it comes from faster they can eliminate the situation.
- this new solution will benefit customers because the companies can pinpoint faster where contamination happens fastr and remove the product off the self.
- this will benefit walmart as a corporation because they will be more efficent at finding these problems. enhancing customer experience.
- a database that can track there packaging to keep things safe and secure.
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supply chain management to precisely pinpoint location of product contamination
improves food safety with transparency on the supply chain
tracking, costs, pinpoint error detection, transparency building trust with clients
transparency identifying faults in the supply chain
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Enable Walmart better track and trace food within the different point in the supply safe thus enabling better safety of food standards
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The transparency provided by the blockchain provides more transparency to Customers as to the source of their food
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Enables Walmart to readily trace and pinpoint points of failure or contamination in the food chain. This reduces both financial risk and reputation risk for Walmart. Also helps them improve on administrative cost efficiencies and food waste.
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The ability of the various companies involved in the food chain supply to view each other relate data. This improved trust and reduced fraud and inaccuracies.
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The motivation was to be able to track the supply chain closer, making items more traceable and fully digital.
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Since items are more traceable, we can feel safe of the quality of the different products, and their origin.
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This new solution will benefit Walmart as a corporation because it allows them to track the origins of the food which previously took approximately 7 days in seconds. This can arguably lower costs and labour. It will also create trust with their customers since it will ensure better quality.
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The missing piece in their solution before they found blockchain was transparency, which develops trust.
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1. What is the motivation behind Walmart investing in a blockchain solution?
To increase efficiency and prevent health risks that decrease consumer trust and as a result revenue.
2. How will this new solution benefit us as customers?
Customers can trust the origins of the food and verify health safety mandates were followed during production. If there is any kind of contamination that occurs, Walmart can pinpoint specifically where it happened, to increase consumer trust by only selling clean, un-contaminated products from outside where the contamination took place.
3. How will this new solution benefit Walmart as a corporation?
Improve efficiency, and increase revenue by preventing loss of consumer trust.
4. What was the missing piece in their solution before they found blockchain?
Lack of transparency and trust in preservation of goods between parties along the supply chain.
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What is the motivation behind Walmart investing in a blockchain solution?
Give a transparent and trusted way to review the supply chain -
How will this new solution benefit us as customers?
Faster information in case of problematic material the customer bought.
Prevent selling problematic material, due to faster information -
How will this new solution benefit Walmart as a corporation?
Easy way to identify problems on the supply chain. Increased customer satisfaction. -
What was the missing piece in their solution before they found blockchain?
Transparency on the supply chain due to different systems and data delivery types and partially manually written paper data sources.
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1.What is the motivation behind Walmart investing in a blockchain solution?
to create a food safety solution
2.How will this new solution benefit us as customers?
normally it would take 7days to trace the source of food, now takes 2.2 seconds… meaning that the issue can be targeted very quickly and stock removed and from the shelf before it even reaches our tables as consumers
3.How will this new solution benefit Walmart as a corporation?
it will create more trust with the customer that they are interested in keeping us safe from contaminated foods
4.What was the missing piece in their solution before they found blockchain?
being able to find the source of contamination before it impacted the marketplace/consumer
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Reliable and fast tracking of products threw the supply chain. Knowing the origin and where the products are in the process of getting to the stores. If a product had to be contaminated they can identify where it is and isolate the product and track it back to the source fast. This creates consumer confidence.
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It show a transparent process and transportation of the product and in what condition it was at checkpoints in the network. This includes production,transportation,storage and distribution. This creates a product that a consumer is confident to buy.
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It removes unnecessary cost,fraud and middlemen and creates a network of transparency from the origin to the distributor. One can monitor cold chain,storage,expiration dates…and if their is any problem in the network,it will be transparent and fixed and lead to a better and faster service,hopefully saving the consumer money making Wallmart a store where you know what you are buying and with better service than the competitors.
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Shared forum where companies could begin to see each others transactions and develop trust. (transparency)
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- Transparency is what they said. Traceability is what they are using it for
- If some food has issues it will be easier to locate the point in the supply chain where it was bad. We will have a “Lot” to figure out what other food out in stores might be bad.
- Allow them to get good food in place of the bad faster.
- Disparate systems that didn’t talk to one another. Often just paper records.
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Consumer confidence, it’s a way of tracing the product from a commercial network, from producer to distributors to grocers and finally to consumers.
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Transparency and traceability
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Eliminating layer’s of fraud and inaccuracies in the supply chain.
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There was a shared forum where companies could begin to see each other’s transactions and develop trust.
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I noticed Walmart China start using VET for this project? Does anybody maybe know how what made them decide to use Vechain instead of hyperledger or is it a hybrid?
- What is the motivation behind Walmart investing in a blockchain solution?
Walmart was looking for a way to faster track, in this case, the source of an E.coli bacteria outbreak, in order to provide better food safety for this customers. Besides food safety they were also looking for a solution that they, in case of an outbreak, would not need to shut down that whole supply chain.
- How will this new solution benefit us as customers?
Customers will be better protected against an unfortunate event as an Ecoli outbreak since the producers and suppliers are able to localize the origin of an outbreak in a faster way. Customers will be able see very quick if the products they bought are part of this outbreak. This could save lives. Other benefits are that customers are able to see the origin of their food.
- How will this new solution benefit Walmart as a corporation?
It will save them time and resources. By pinpointing this origin of an outbreak very quickly and precisely they do not need to shut down the whole supply chain of in this case pork delivery. When an outbreak does happen it will save them time and resources at that moment in time to solve the problem.
- 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. On such a platform
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What is the motivation behind Walmart investing in a blockchain solution?
A secure and transparent way to track products through the entire supply chain, and store permanent records of the transactions. -
How will this new solution benefit us as customers?
More transparency, trust and better traceability. -
How will this new solution benefit Walmart as a corporation?
Simplifies, reduces cost and improves the transparency and traceability of the products. -
What was the missing piece in their solution before they found blockchain?
A efficient, transparent shared protocol for the traceability of there products
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1)an outbreak of a deadly strain, and how to avoid it, or at least track ik down to stop it asap
2) transparency for customers, how a product came to be
3)such a system could help prevent disaster scenarios
4) a charade forum where companies could see each others transactions
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What is the motivation behind Walmart investing in a blockchain solution?
To track food from original source to consumer in its entire supply chain using distributed ledger that is immutable to ensure food safety and easier to find the source of problem should a contamination situation happens.Using the blockchain Walmart will have Traceability, Transparency, safety of the food and above all it’s fully digital meaning that a lot of time and paper work becomes unnecessary. -
How will this new solution benefit us as customers?
Customers can fully trust that the products they buy are safe to use with increased transparency in the food source and quality. In this way, the customer will know where the product came from and be sure it’s not a recalled items. As removing recalled items from selves will be a much faster simpler process. -
How will this new solution benefit Walmart as a corporation?
- Trackable supply chain increase product safety
- save costs on paper admin, establish trust in products
- able to pin point source of problem if contamination is detected so early interference could be put in place to prevent further outbreak.
- Build trust with consumers through transparency in product information and quality.
*Scalability - The goal is to make 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.
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What was the missing piece in their solution before they found blockchain?
Before moving the process to the blockchain, it typically took approximately 7 days to trace the source of food. With the blockchain, it’s been reduced to 2.2 seconds. That substantially reduces the likelihood that infected food will reach the consumer. By placing a supply chain on the blockchain, it makes the process more traceable, transparent and fully digital. Each node on the blockchain could represent an entity that has handled the food on the way to the store, making it much easier and faster to see if one of the affected farms sold infected supply to a particular location with much greater precision.
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What is the motivation behind Walmart investing in a blockchain solution?
To create a secure supply chain system for tracking deliveries
How will this new solution benefit us as customers?
More reliable, easier to track deliveries
How will this new solution benefit Walmart as a corporation?
More secure more cost efficient
What was the missing piece in their solution before they found blockchain?
They needed a central secure data source
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Excellent answer sir! really well documented! keep it like that please! 
Carlos Z.
- they wanted to find faults in the food chain supply much faster in order to serve safe food to the consumer
- faults in the system will emerge faster or can be faster corrected, so in the end the food is more safe
- great PR, less costs for clearing out suspicious food that turn out to be fine
- shared data, it was in excel, or on paper.
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- To easily track down logistic of food and and improve food safety. So, the process to be more traceable and transparent and accuracy.
- Ensure that the food is safe and it is easier to track down the origin of the issue in case there is a contamination.
- Finding an origin of the problem quick is saving cost. Also increase trust to customers.
- Transparency and accuracy of transaction.
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