RenDanHeYi 4.0

# # RenDanHeYi 4.0--The Workbench _("4.0" is my addition)_

Preceded by:

# RenDanHeYi 1.0 – Independent Operating Units

# RenDanHeYi 2.0 – Micro-enterprises

# RenDanHeYi 3.0 – Ecosystem Micro-Communities

.

**This all changed** with the introduction of the Workbench at the end of 2019. The tool digitalised and automated many of these offline processes that were still being performed manually, thereby radically **reducing the transaction costs** inside the firm. As such, the Workbench allowed Haier’s EMCs to **self-organise in a wholly digital manner**.

However, the tool not only radically decreased transaction costs but also brought three other advantages: **Market Efficiency**, **Ecosystem Transparency**, and **Common Prosperity**.