Name: The currency of the new economy is trust
Uploaded: 2012-09-22T15:38:57Z
Duration: 19 min 29 s
Description: There's been an explosion of collaborative consumption -- web-powered sharing of cars, apartments, skills. Rachel Botsman explores the currency that makes systems like Airbnb and Taskrabbit work: trust, influence, and what she calls "reputation capital."

There's been an explosion of collaborative consumption -- web-powered sharing of cars, apartments, skills. Rachel Botsman explores the currency that makes systems like Airbnb and Taskrabbit work: trust, influence, and what she calls "reputation capital."

Rachel Botsman: The currency of the new economy is trust

The currency of the new economy is trust

TaskRabbit's success story, fueled by reputation, showcases how trust can turn everyday skills into economic opportunities.

Reputation capital, emerging as a new currency, could revolutionize how we assess trustworthiness beyond traditional credit scores.

Airbnb exemplifies technological trust, turning strangers into a community that powers a global marketplace of shared spaces.