Griffith University Case Study Solution
The Wine manufacturing industry is one of the most profitable industry in the world, the consumption of wine is increasing by a good rate especially in the West and in various parts of Asia such as China and India. As the company operates in this industry, generates good return but they also face many risks as well which had affected the level of returns in the past. One of the most prominent risks faced by these companies is the risk of counterfeiting and fraud wines, many of the smaller companies sell their wines by using the names of large manufacturers, this has led to the damage of reputation of various large manufacturers of wines.
In order to reduce the risks a technology has been identified that can be effectively said as the digital ledger which will include all the details of the value chain of the wine, the technology is termed as Blockchain. This is the same technology which is being used in many of the crypto currencies such as Bitcoin. The main objective of this website is to reduce the counterfeiting and fraud wines.Under this project the details of every value chain transaction is present such as harvesting of grapes, production of wines and its distribution etc.The arrival and dispatch dates will be entered and is available to all the related participants.
The major requirement of the project is to develop a website that is based on the Blockchain technology and entails all the details of the value chain transactions of the websites. Multichain is used to implement the Blockchain solutions and simulations, this process can be said as the most difficult part of the project. The web pages can be analyzed by using Multichain and the entire history of transactions can also be accessed by Multichain.
1.1 Success criteria:
In the original project plan, the success criteria are defined as the ability of the team to develop a system that is capable of building a Blockchain that will be responsible for maintaining the record of the value chain transactions and keep their record updated and available to all the related parties.
Moreover, the security of the project is also one of the most important success criteria of the project, the data and information regarding the products should only be available to the parties who have any concern with the details.
Griffith University Harvard Case Solution & Analysis
1.2 Estimate reporting:
It is estimated and documented in the original project proposal that the development of the systems will be completed in almost one working week and it can be argued that the development team is successful in this regard and they have accomplished their goals and objectives in approximately one week.
1.2.1 Analysis of planned VSActual schedule:
It can be said that no significant issues have been raised which affects the actual schedule. So far the development is successful in achieving the target of one week. Firstly, all the team members are given tasks according to their skills and competencies, the first target for our development was to assess and understand how the Blockchain works, after this the understanding of the Multichain is developed. The development team also discusses what they have learned in every target with all the team members, this strategy was the key success factor which has led to the timely completion of the project............................
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