Question: Scott has a plan to build a new cold storage facility for his forestry business. Storing seedlings fits firmly in the realm of Logistics and

Scott has a plan to build a new cold storage
Scott has a plan to build a new cold storage facility for his forestry business. Storing seedlings fits firmly in the realm of Logistics and supply chain. There are two part to this process. Seedlings would be harvested from the ground in November, packaged into boxes and frozen solid in cold storage facilities over the winter. For the second part seedlings are then thawed and trucked to interim cold storage facilities for final shipping to the filed locations where they are planted and turn into a full- grown tree in 80 years. Temperature is critical at each step of the supply chain. Temperature checks and documentation must occur often and be recorded to ensure proper temperature is maintained. Clients see crop failures due to seedling handling and temperature storage but can not pinpoint exactly where the failure occurred. One of you critical success factors is temperature maintenance and recording! Your venture capitalists that is going to fund your project is convinced competitive advantage can be gained over introducing block chain technology to the project. You remember block chain from BUAD 283. There was a block chain YouTube video talking about a Tangerine. What is he talking about? He used the word immutable. Part 1 (4 Marks) To the best of your ability explain how block chain and the concept of immutable would be relevant in this situation above? Part 2 (1 Marks) Do you believe blockchain in this situation could provide competitive advantage

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!