The Sharing Economy – A New Business and Social Paradigm

Credit: BDMToolBox

Photo Credit: BDMToolBox

Since our first report on the collaborative consumption movement last March, the sharing economy has continued to expand. According to one estimate, the consumer peer-to-peer rental market alone is now worth $26 billion. The thriving sharing economy is also creating new social behaviors and business opportunities.

In this episode, Paolo Parigi, Assistant Sociology Professor at Stanford, will talk about his new study about trust formation among strangers. We will get insights on what shapes and drives our behaviors online. We will explore how it will change the measure for success in the future. I will also speak with Xin Chung, the founder and CEO of TrustCloud, about the future of the sharing economy and his company’s trust and reputation platform.  Listen to the interview now.

Other related discussion –

Sharing and Growing – The Collaborative Consumption Movement