The Importance of Trust, Influence and Reputation in Sharing Economy

Evidently technology is creating powerful markets for services that never had a market before or were concentrated in small markets with limited accessibility. These emerging market opportunities have made talks about the importance of collaborative consumption in our tech-driven times very popular subject for discussion. We talked about the key role, which sharing will play in the future of the economy, and here we will see an interesting talk about the importance of trust and influence in collaborative consumption model.

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” Warren Buffett

Talking about shared economy has inspired many micropreneurs and it might inspire you too. Find out the secrets behind the success of the popular peer-to-peer marketplaces like AirBnb and TaskRabbit and how technology is influencing the development not only of these marketplaces but also of the way we connect, work and think about communication. In her TED Talk, Rachel Botsman talks about reputation, trust and influence in sharing economy. Watch this interesting talk and don’t hesitate to share your comments in the comment section!