3 ms·
in 199x in Russia the B2B economy was working basically on barter. The accounting/business software support for 5-10 segment length chains of "mutual credit" ("
by trhway 7y ago
in 199x in Russia the B2B economy was working basically on barter. The accounting/business software support for 5-10 segment length chains of "mutual credit" ("vzaimozachet") involving multiple business partners between your product and finally money (or something almost as liquid as money) was a feat of business software engineering separating leaders from the chaff - while the world line of a given barter chain may have been crossing spacelike/timelike boundary several times it still had to look correctly in all accounting frames of reference :)
One of the things which emerged to be almost as good as money back then was "energy credits" with large power plants and networks serving as a kind of banks/clearing houses.
- kiwidrew 7y agoThis sounds absolutely fascinating. Do you have any links that go into more detail about the Russian B2B bartering and accounting?
- trhway 7y agonot really, i'm 22 years out of that game. While most related info on web is in Russian, googling something like "russia multilateral mutual offset barter 1996" (any 199x year works to filter out links talking about modern situation) seems to bring links describing various facets of how it was back then.