“Today, there are two kinds of curves shaping technological progress. Their interplay will frame the micro-everything revolution for decades to come—and with it, our efforts to alleviate poverty, build resilience, and drive social change.”—PopTech executive director Andrew Zolli, from How The Micro-Everything Revolution Will Drive Social Change
More recently, there has been a surge in peer-to-peer sharing, and formal sharing institutions are quickly becoming a thing of the past. It doesn’t require an in-depth analysis to recognize the role of technology in this shift. What started online as the sharing of information has quickly turned into a full-fledged economy, with individuals sharing their homes, cars, and skills with the help of mobile devices.
What started online as the sharing of information has quickly turned into a full-fledged economy. As the sharing economy grows and individuals assume the risk of sharing personal property, they are turning to technology as a way to mitigate those risks. People renting their homes through services like Airbnb are relying on social network profiles and online reputations of potential renters to gauge who they should share their home with, while services such as TaskRabbit link directly into public records that allow them to perform background checks of potential “rabbits.”