Sunday February 23, 2020

Blockchain could unshackle the sharing economy

Companies such as Uber and Airbnb could become redundant with the rise of blockchain

19th June, 2016
Robin Chase, founder of Zipcar, in Cambridge, MassachusettsBryce Vickmark

Some of the sharing economy’s leading companies such as Uber and Airbnb could become redundant with the rise of blockchain, according to sharing economy pioneer Robin Chase.

Chase, who co-founded the US car-sharing company Zipcar, said that blockchain, a technology that allows direct peer-to-peer transactions without a third-party company, could crack monopolies in the sharing economy.

“Apple used to take 30 per cent of all revenues on their app [subscriptions] and they just...

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