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Making the sharing economy fair
It is now generally admitted that income inequality is one of the biggest problems of of our world and a peril to the fabric of our society.
A few years ago, the rise of the “sharing economy” gave great hopes to change this: soon everybody would be self-employed, and benefit from the new opportunities unlocked by the internet, technology and platforms.
Today, unfortunately, the reality is bleaker: millions of people have indeed become self-employed and provide the services that increase –sometimes dramatically- the value of these platforms thanks to the network effect they create and the customer adoption they generate.
However, neither the contributors, nor the customers of the platforms have the opportunity to own a share of the value they create.
A lot of people realize this is counterproductive and eventually unsustainable. However, there seems to be no easy solution that can address the problem and scale to match its rate of expansion.
What we propose is a technology that can be integrated into platforms, allowing them to adopt a more collaborative approach where interests of owners, customers and contributors are aligned, because a fraction of the created value is shared fairly between them.
Think of it as the “fairtrade” label for a platform. We call it the “sustainable network effect”.
Our product is called XFAIR, and it is currently under development. Join the conversation, it is going to be a fascinating journey.