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Adoption of Blockchain Technology: A Case Study of Walmart
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Author(s): Minky Sharma (Chandigarh University, India)and Pawan Kumar (Chandigarh University, India)
Copyright: 2021
Pages: 16
Source title:
Blockchain Technology and Applications for Digital Marketing
Source Author(s)/Editor(s): Rohit Bansal (Department of Management Studies, Vaish College of Engineering, Rohtak, India), Pacha Malyadri (ICSSR, Center for Economic and Social Studies, India), Amandeep Singh (Chitkara Business School, Chitkara University, Punjab, India)and Asif Pervez (Jamia Millia Islamia University, India)
DOI: 10.4018/978-1-7998-8081-3.ch013
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Abstract
In today's world, society has become totally digitalized where technology is playing a very important role in everyone's life. Blockchain is a method that is useful in recording information and makes its difficult to change, hack, or fraud system. A blockchain is fundamentally a digital ledger of volume of transactions that is distributed across the overall network of IT system on the blockchain. This technology acts as a reliable layer in the evolution of e-commerce. Walmart has been working with IBM on a food safety blockchain solution to add transparency to the decentralized food supply ecosystem by digitizing the food supply chain process. This chapter will cover the concept and origin/emergence of blockchain technology and implications of blockchain technology in supply chain (Walmart), the significance and role of blockchain technology for the users and the stakeholders, the implications for the users, challenges faced by Walmart during the adoption of blockchain technology, and the approachability of Walmart to IBM for the implication of blockchain to their organization.
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