Peer-to peer companies like Airbnb empower consumers to rewrite business models. Rachel Botsman, widely regarded as the thought leader behind the emerging collaborative economy, predicts that many more industries will face the same challenges now confronting the hotel industry, with financial services at the forefront.
In this Q&A with FastCompany, Rachel talks about technology's impact on trust and leadership. More
In this episode, TED speakers explore our relationship with trust. Speakers featured are Charles Hazlewood, Simon Sinek, Rachel Botsman and more. More
Can ICT change how we define value and interact with money? On The Money is the fourth documentary film in the Networked Society series. This time we look at money systems and how connectivity is creating a new game when it comes to trading — both in value and trust. We visit Uganda to find a nation where cash is no longer king. More
“21st-century, new trust networks and the reputation capital they generate will reinvent the way we think about wealth…” argues Rachel Botsman
It’s hard being a thoughtful consumer these days. There are so many things to consider. Rachel Botsman and Paul Smith are leading thinkers in this new world of exchange. They join Waleed Aly in The Drawing Room.
The ‘sharing economy’ is seeing people share rooms, clothes, cars, and even pets as they find creative ways to make and save money, although critics warn that entire industries are being undermined. Watch video on ABC
“I agree that we must not be overly evangelical,” said Rachel Botsman, an expert on collaborative consumption
“Brands that aren’t thinking about the sharing economy are going to get left behind,” said Rachel Botsman .
Home swaps, driving your neighbour’s car, private car parking in your drive, even renting your neighbour’s clothes. They are all part of a new style of collaborative enterprise in which nearly everyone can join and (maybe) make money: the ‘shared economy’.
Author Rachel Botsman, one of the preeminent writers on the sharing economy, shared this vision in a 2012 TEDGlobal talk. “It’s only a matter of time before we’ll be able to perform a Facebook- or Google-like search and see a complete picture of someone’s behaviors in different contexts over time,” she said.
“We have digitised books, pictures and music — next is digitising identity and reputation and this will fundamentally transform whom and how we trust,” says Rachel Botsman
“We’re experiencing a significant values shift,” according to collaborative consumption expert RachelBotsman,
“[Companies] don’t want to be like the music industry and look back in 10 years to realize they missed the boat,” said Rachel Botsman
“The story you read in the media — and often echoed by travel industry incumbents — is that it’s a Generation Y thing for price-sensitive travelers,” says Rachel Botsman