Trust and Reputation in Sharing Economy †Free Samples to Students

Question: Discuss about the Trust and Reputation in Sharing Economy. Answer: Introduction Sharing economy is nothing but an economic kind of business model which generally focus on peer to peer depended on activity (Hamari, Sjklint and Ukkonen, 2016). It claims to provides a large number of sharing or access to various kinds of goods and services which is totally based on the online-based platform. Communities around the globe have made use of shared use of assets for a large number of years. But due to the advent of the internet, it started making use of Big Data for easier kind of access to asset owners and seeking for those who look for a large number of assets (Zervas, Proserpio, and Byers, 2017). Sharing economies generally allow various kinds of individual and groups for properly understanding the assets. In the coming pages of the report, an idea has been provided regarding sharing economy. A list of benefits and challenges with respect to sharing economy has been provided. Among the various kinds of websites, a website has been selected. After that, its alignment with share economy has been discussed in details. A reflection writing has been provided for the idea of sharing economy in the workplace. After that future of sharing economy has been discussed with respect to given report. Sharing economy is a social-economic ecosystem which is mainly built on the idea of sharing of resources related to human and physical (Schor, 2016). At present various of examples of share economy can be seen like Uber, Airbnb, and CanYa. Share economy focus on share creation, production, trade and distribution of large amount of consumption of goods and services by various kinds of people and large organization. Sharing of the economy generally falls into four kinds of categories like recirculation of a large number of goods, increasing the utilization of a large number of products which are considered to be durable kind of assets, exchange of a large number of services, sharing of a large number of productive assets (Cusumano, 2017). Sharing business can either be defined as own goods or products or services which can be rented by a particular customer and often on basis of short-term (Edelman, Luca, and Svirsky, 2017). It also focuses on the creation of peer to peer connection of providers and making use of the exchange, purchase and renting of a large number of goods and a large number of services. Benefits and limitation of sharing economy There is a certain number of advantages of share economy like: It focuses on decreasing of environmental effects on a large number of bodies. It also focuses on accessibility to a large number of employees opportunities. Sharing economy also focus on to the creation of a sense of trust in a large number of communities. It also provides a sense of the higher value of saving in the same kind of lifestyle. It claims to provide more kinds of business opportunities. It also aims to lower the ownership in most of the cases. It also provides easy kinds of access to a large number of people. On the contrary share, the economy has some kinds of limitation like: No amount of benefits can be obtained from it. The rates are not set by individuals. The future of this considered to be uncertain. No benefits: The flexibility and dependency for working of a sharing economy generally come up with a proper kind of price. It mainly comes up with traditional kinds of benefits like healthcare and retirement (Martin, 2016). Rates: As a proper kind of freelancer one can easily set the rates. This does not come up with the idea of gig economy (Mhlmann, 2015). The platform of share economy generally determines the kind of charge to be put and it also limits the earning power of an individual. Uncertainty: The sharing economy is claimed to have some kinds of share economy. At present, there is a class action against Uber in which drivers are fighting at a higher rate for being as a kind of classified employees, rather than being independent kinds of contractors (Ert, Fleischer and Magen, 2016). At present they have set some kind of similar kind of lawsuit claiming for the same which is provided to it. Other kinds of the platform have encountered similar kinds of treatment and compensation for their workers. The reason behind the use of crowdsourcing website From the link of twenty websites which available on the online platform, crowdwise.com has been selected. It has been selected as it is considered to be worlds largest and fastest growing fundraising platform which is dedicated exclusively to charitable kind of living (Yoon, 2017). This kind of website is used for millions of individual for raising money for a large number of favorite charities and other kinds of request. A large number of charities and famous artists makes use of crowds for creatively locking the power of their crowd and raising of millions of dollars for providing support to positive kinds of social missions. This website has a large number of partners like UNICEF, American cancer society, United Airlines and many others (Schor, and Fitzmaurice, 2015). This website is considered to be among the top 25 websites for crowdfunding. It is mainly geared towards helping some kinds of real-world issues rather providing profit for various kinds of ventures. It is considered to be a for-profit crowdfunding platform which generally raises various kinds of a charitable donation. Its website is totally based on the idea of making giving and having back fun which mainly leads to many kinds of donation and also stresses on the idea of raising a large number of funds. The idea of sharing request is considered to be an ancient one. Sharing can be easily explained to be economically for assembling of a large number of resources in a much kind of cheaper way which is considered to be cheaper, more efficient and sustainable for a large number of people (Cohen and Kietzmann, 2014). The idea of sharing is considered to be a very broad one and there is no kind of sharing model associated with it. The assets can be easily inclusive of many kinds of personal work along with time, personal wealth or personal ownership for a large number of physical things. Crowdfunding claims to provide a full short range for a full range of investor stage. Contributors of crowdfunding are considered to have many kinds of donations. Likely of a request for succeeding The request of crowdfunding provides sharing economy along with several numbers of benefits to stakeholders which is inclusive of consumer, seller and proper kind of platform. Round the globe, this process seems to provide economy starts for crowdfunding for the best way for raising capital. It also focuses on utilization of resources, social mobility by making use of new kinds of new jobs (Sundararajan, 2016). Efficient use of resources makes use of attribute for a better kind of making related to development. Revenue can be easily lost if it is unused in a large number of the service sector. It focuses on providing an on-demand platform which ultimately helps in transform the way in which potential kinds of customers can have by tapping into the right kind of demand. Sharing economy contribution focus on improvisation of utilization in which data is used for peer to peer accommodation of portals. The sharing economy will ultimately focus on the creation of a request for a large num ber of job opportunities. The emergence of this technology has led to the creation of platform in the much better way for a large number of people. The sharing economy is claimed to transform the market of employment for benefiting a large number of employees. Sharing talent focus on a large number of people for utilization of skills and talents in a much better way for the people around the globe (Fraiberger and Sundararajan, 2015). Sharing of the economy generally allows people to develop a skill which ultimately allows a large number of people for better utilization of resources. Yes, the project will contribute to sharing of the economy in a much better way by providing a large number of technologies for reduction of cost and exchange of a large number of goods and services. After combination with the innovative software platform, it has significantly extended the ability for coordination for a large number of exchange of a large number of goods and services. The consumer is the center in which the whole kinds of resources revolve around (Cheng, 2016). One of the important reason behind this kind of platform is the creation of large number of jobs by encouraging wider section of the population. Transportation of platform focus on the creation of more kind of flexibility to drivers to easily operate according to their needs. Technological improvisation has easily led to the improvement of technology to unskilled kinds of labors. Reflection of sharing economy for personally at a workplace Sharing of the economy in any kind of digital platform focus on facilitation of peer to peer communication. In the last few years workplaces of the various organization is having rapid kinds of changes. Co-working is a type of shared workplace which is emerged to be model which ultimately provides many kinds of abilities for traditional kinds of abilities. This kind of model provides co-workers to be cost-effective to work outside the various kinds of homes. It also puts a certain number of emphasis on the design of space which ultimately creates community and a large number of experience for users. Valuation of popular kinds of co-workers startups focuses on technical kinds of a startup in the last few years. With the help of share economy, it is considered to be possible for tapping into the markets which are unavailable or non-existing (Dillahunt and Malone, 2015). An important part of share economy is making use of idle kinds of space or time for a large number of the organizatio n. In previous days if an organization requires a large set of images then it is necessary needs to be tagged with metadata and they should have made use of work-in-house. At present they can easily opt for hiring one or several kinds of workers of sites which is based on a large number of the task at present. In short various kinds of organization round of globe can move to use of a complete specific number of a task without expansion of a large number of workforce. Share economy is considered to be an important topic for rapid kind of economy which is considered to have large and expanding forces. In the first, we have seen about mobility industry and hospital industry (Koopman, Mitchell and Thierer, 2014). The sharing economy is mainly powered by declining of transaction costs. Various kinds of things like smartphone, internet connectivity generally allows making use of desired use of goods and a large number of services. Ride-sharing and lording on short-term can be easily defined as a kind of bleeding edge for sharing consumers as they have look for cabs and booking of hotels rooms. Secondly, transaction cost will decrease in the near future because of removal from various kinds of sharing platform. Matchmaking will focus on providing sensing, connectivity and various kinds of data for merging into a single kind of system. Logistics like self-driver cars, drones and delivery robots and efforts which can be used for transferring of goods will ultimately focus on various kinds of potential markets. Enforcement focus on the use of Ethereum blockchain focuses on supporting contacts which ultimately releases payment when a certain number of the condition are not met easily (Koopman, Mitchell and Thierer, 2014). Sharing has the power to potential to reshape the design of a large number of products. Conclusion From the above discussion, it can be easily concluded that this report is all about sharing economy. A list of benefits and challenges of share economy has been discussed in the paper. From the list of crowdsourcing website, crowdwise.com has been selected. A list of reason for using this particular website has been provided. An idea has been provided regarding the request and its alignment with share economy has been discussed in details. A good reason has been provided for sharing of the economy in a meaningful method or way. A proper kind of reflection has been provided regarding the idea of share economy in a workplace. In the end, an idea has been provided regarding the future of share economy. crowdfunding sites to various kinds of on-demand of technologies like Uber and Ola in the field of transport. In field or domain of hospitality like OYO rooms. The uniting factors for this kind of organization are nothing but a large number of initiatives for bringing large number people together. References Cheng, M., 2016. Sharing economy: A review and agenda for future research.International Journal of Hospitality Management,57, pp.60-70. Cohen, B. and Kietzmann, J., 2014. Ride on! 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