2:00–3:00 p.m.

The Sharing Economy and Crowd-Based Capitalism: How Digital Technologies Transform Business, Government, and Society

Professor and the Robert L. and Dale Atkins Rosen Faculty Fellow
Stern School of Business, New York University

  • Crowd-based capitalism is a new way of organizing economic activity that is transforming industries ranging from real estate and transportation to energy and healthcare. Small-business financing platforms like Uber, Airbnb, AngelList, and Funding Circle are early examples
  • It is important to analyze the digital and social drivers; draw out the implications for economic growth and the future of work; and look at whether emerging technologies like AI and 3D-printing accelerate or slow this transition
  • Regulatory approaches developed for the industrial era fail when the economy is crowd-based, but new digital trust systems and data-driven approaches provide effective alternatives