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You say that in jest, but this sort of thing really is a potential use for the tech. Imagine a widget where every link in the supply chain is paid proportionat
by LyndsySimon 8y ago
You say that in jest, but this sort of thing really is a potential use for the tech.
Imagine a widget where every link in the supply chain is paid proportionately, instead of each layer trying to skim what they can. If a salesperson sells the product for 10% more, they get 10% more commission - and the distributor gets 10%, and the manufacturer, and the producer of the raw materials, and the transportation provider, and...
- dependsontheq 8y agoTheir jobs might have different value for this to happen at all. Usually that’s exactly what the market does, assign value. The 10% margin sounds in general fair but depends on so many factors, margin on what? Production, Research, Investment ?
- LyndsySimon 8y agoI don't disagree, but I see nothing wrong with using a tool like that if everyone agrees it's a good idea. It needn't be the entire supply chain, either - individual portions could set up profit-sharing arrangements using contracts. I don't know if it would actually be used, but if you wanted to do something like this, a blockchain would make a good deal of sense; especially if payment for the finished product was made through the same mechanism.