@peth
world‘s largest appliance manufacturer - Haier - has 70,000 employees coordinating autonomously using smart contracts
400+ micro-enterprises sharing projects & locking commitments around profit-sharing in smart contracts
coordinating washing machine production across 160 countries with no middle management, no discord, no $HAIER token
how it works:
- a design team wants to build a new fridge...
- posts w/ with target goals (sales projections, profit targets, timeline..)
- manufacturing teams bid on making it
- supply chain teams bid on sourcing parts
- QA teams bid on testing
- distribution teams bid on getting it to market
once teams are selected, platform auto-generates a smart contract locking in who‘s doing what, performance milestones, profit-sharing percentages etc.
the platform tracks everything in real-time!
hit your milestones? payment executes automatically.
miss them? your credit score drops, your share of profits shrinks
its more of a curated market than a single organization
lots of lessons here for DAOs & the fledging agentic economies 👀