Fionn Hyndman, Partner chez Management Consultant et Investor
Répondu il y a 211w · L'auteur dispose de réponses 56 et de vues de réponses 51.3k
Merci pour le A2A
I am not sure if this answers the question but I think that we will see a lot more expansion of the P2P economy in the financial services sector. The P2P space is already growing in terms of loans, with great market leaders being established in multiple markets (Lendingclub in the US, Zopa in the UK and SocietyOne in Australia) and I think this will continue and broaden. Banks are so ripe for disruption and disintermediation it's untrue.
When Google invested in LendingClub, I thought that will lead the market into the payment services side of the business. Google has Google Wallet, which, as it expands, could allow people to get P2P funded purchases versus expensive in-store retail funding options, e.g. you're in the store and buying a 60 inch TV, to finance that you could be offered the opportunity to take a P2P loan through Google Wallet versus in store credit, or putting it on an expensive credit card.
I believe this disruption will propagate through other areas of financial services, where the banks margin provides a massive opportunity for the sharing economy to take the benefit/profitability back to consumers.
One area which has some market entrants and is expanding is peer-to-peer currency exchange. There are a lot of other financial services models which will be disrupted by the sharing economy and what is exciting is they are all multi-billion dollar markets.
Moving outside of financial services, I think one area of sharing will be 3D Printing.
As 3D printing becomes more ubiquitous in terms of both consumers and businesses using 3D printing to create products, widgets or whatever else and also in terms of people and businesses having access to 3D printing - I think the obvious next step will be people sharing the resources they have access to. E.g. Shapeways is a great service where you can upload designs, select the materials you want printed and they print it and send you the item. When more people have access to 3D printers then I see a service where you can get what you want printed by someone in your area who has the right system for your needs, and then you collect it.
With 3D printers able to "build" anything from houses to delicate machinery, and with food and medical implants following shortly, this could be an amazing opportunity.
Logistics is another market where we have seen the start of the impact made by the sharing economy but I believe this will get bigger and expand into the consumer side. Some e-retailers in China already offer a service to have your goods delivered by other consumers, and I've seen companies in the US offering local same day delivery by consumers. Again - a space which is huge and is ripe for disruption.
Euwyn Poon, Co-Founder and President of Spin
Répondu il y a 29w
Your FICO credit score determines whether banks and other lenders will loan you money. Too low, and it may be impossible to get a loan. But a high credit score means lenders will be willing to extend you more credit, and usually at a lower interest rate.
This score is calculated using several different metrics—like payment history, combined credit lines, and number of open accounts—that determine the likelihood you’ll pay back your loan in full.
It’s our belief that the sharing economy can benefit from a similar credit scoring system.
Much like the credit industry, the sharing economy operates by trusting a person with something that isn’t theirs.
For loans, it’s money. In the sharing economy, it’s a bike, a car, or even a house.
At Spin, we’re envisioning an open source, decentralized credit system that can be accessed by any sharing economy provider. We see the future of credit as a blockchain-based scoring solution that works throughout the entire sharing economy.
Nous l'appelons le Pin Protocol.
And when this credit scoring is put into place, it will accelerate the growth of the sharing economy—and benefit all sharing platforms and their users.
1. Establishes Decentralized Reputations
Some people are extremely trustworthy. Others less so.
The problem is that it’s often difficult to tell who is who when it comes to the sharing economy. That’s why you see Airbnb hosts who don’t accept “first-timers.” They’ve been burned before and don’t want to take a second chance.
Our goal with the Pin Protocol is to help establish a decentralized reputation that can move freely from sharing platform to sharing platform.
That way, as an Airbnb host, you can know if a first-time user sending you a request has trashed five bikeshare bicycles in the past month—or if they have an impeccable track record within the sharing community.
2. Prevents Monopolies
It’s difficult for new sharing economy providers to emerge because of the centralization of reputation scores. Each site effectively creates a natural monopoly as it grows and adds more user reviews.
For example, it’s hard for a new Airbnb to emerge because consumers have built up scores and reputations on that platform. There may be a better platform out there somewhere, but users are less likely to migrate to it. They won’t have the same privilege their reputation affords them on Airbnb.
But if reputations are decentralized from the platform, that means users can take their reputation from one sharing platform to the next. Companies then have an incentive to continually improve their offerings and innovate faster than emerging competition.
3. Improve Borrower Behavior
Each sharing economy provider relies on the trustworthiness of the borrower to keep the the asset in good working order. Whether it’s a car, a scooter, or an apartment, they’re trusting that the borrower will return it on time and in good shape.
Right now, punishment is the only incentive that fuels borrower behavior. A damaged back seat or a dinged up scooter means a bad rating for the user.
But on blockchain credit system, a sharing economy provider can actually reward positive user behavior. For instance, the Pin Protocol lets borrowers receive tokens for good behavior. Tokens which could then be used to redeem services on other platforms.
So, if you clean the sheets before leaving an rented Airbnb, the host could send you tokens for your service. You could use those tokens for your next bike or home rental.
And remember how people with good FICO scores get lower interest rates? We empower that within the sharing economy as well. Develop a good track record and you’ll see the cost of some services drop.
While the punishment mechanism is still there, the goal is to continue introducing positive incentives for good behavior.
4. Establish An Alliance of Providers
A decentralized credit solution will allow us to create an alliance of sharing economy providers—without one platform running it and gaining power over everyone else.
No provider wants to rely on someone else. They don’t want to rely on Airbnb, Uber, or Spin to solely own a system. But most providers would be fine with using one system as long as they were all equally-incentivized participants in the network.
Decentralization through the blockchain promotes integration. It’s simple to integrate two different platforms, or to make two platforms compatible with each other, when everything is open and digital. We even foresee an alliance of providers as different protocols grow and combine. Blockchain protocols are the building blocks of the decentralized “web 3.0”.
And this will be possible because of the natural synergy within the sharing economy. A distributed ledger credit system running on blockchain will be the glue that holds the system together.
In the future, the sharing economy will grow to encompass every part of our daily lives.
Our first focus for the Pin Protocol is asset-sharing platforms: carshare, homeshare, and bikeshare. But our ultimate goal is to build the foundation that betters existing sharing economy platforms and accelerates user-facing innovation in the space—a decentralized system that gives people access and incentive to participate in the sharing economy.
Répondu il y a 155w
A difficult question to answer as a lot of people have either created a successful shared economy business, are in the development of one and so won't share or an area just isn't yet ready for it.
Fundamentally, shared economies work where there is excess capacity. Technology has enabled people to leverage this excess capacity by creating a central location to share this capacity. AirBnB leveraged excess capacity of people's homes/second homes etc. My advice would be to take a look around and see where there is excess capacity. An example I can think of where we are not ready for it is AirBnB for cars. There are few companies trying to solve it but beyond creating a marketplace, there are issues of insurance, handing over keys, traffic causing you to be late back etc. Technology may one day overcome this e.g. self driving cars - simply outsource your car while you sit in the office!
As a small anecdote - someone said to me "do you want to know what the most under utilised things is?".....of course I asked what it was, wetting my lips with anticipation of striking gold... "the household toilet!!". If you think about it, the guy was right - capacity utilisation is shocking! That is why poorer homes have less and richer homes have en-suites. Disclaimer - if someone sets up a successful AirBnb for toilets off this, make sure you acknowledge me as your inspiration...actually, maybe leave out of it.
A good question - hope this helps.
Répondu il y a 211w
The next "big idea" cannot be predicted but two of the biggest emerging structural shifts are
1. Emergence of liquidity in previously illiquid markets. Ride sharing for example is one such thing where a driver who, at the moment you need him is in your vicinity, has the availability of inventory to give you a ride and for a price you can pay. This previously inefficient market has been made more efficient by mobile and location based tech. Once a previously illiquid market becomes liquid, the demand for the product in that market increases and then that creates supply and the virtuous cycle continues until the market is saturated. There are reasons to think that this will come to food (not just delivery), production of consumer goods (crowd funding platforms are beginning to do that) and other less regulated parts of the economy.
2. Digital currencies. Digital currencies like bitcoin create new markets where none existed. The potential here is almost unimaginable. For example, how about if I could rent your drone for an hr for .05 BTCs to mow my lawn and pay from my mobile or wearable with just one swipe?
Steven Liaros, Town planner &author. Rethinking the City shows how the internet is transforming social structures thru onl...
Répondu il y a 212w
The sharing economy is based on a shift from ownership to access. The entire Western social structure is based on ownership. The Magna Carta and the entire legal system on which it is founded is about the protection of individual rights and private property in order to maintain stability. Certainty of ownership and a stability in the society enables trade. You can't trade something unless you can prove ownership. So the economy depends on the stability provided by the legal system, protection of private property and the intention of citizens to obtain ownership of things. An ownership system is inherently competitive as we compete on price to claim ownership. The existing system is also a centralising system as we originally came into the town centre to trade and for political, religious and social purposes.
The internet is a decentralising force, enabling us to do these things online.
The shift from ownership to access, and from the physical town centre to the decentralised virtual world is undermining the entirety of our economic, legal and political systems.
For more, read 'Rethinking the City' on Amazon.
Répondu il y a 211w
Thanks for the Q.
I don't think of this in terms of the next big idea. Marketplace's connect physical goods or ideas. Physical items will always have physical limitations (shipping/infastructure etc.) and ideas will continue to fragment to more acute functionality. What I can say is where I expect marketplaces to create the most disruption.
Short/medium term: The financial system.
P2P Lending (which is really just marketing talk for marketplace lending) is connecting lenders and borrowers in a way that could developed into a serious threat to incumbent bankers. Democratizing lending has an enormous socio-economic potential.
We are starting to see digital currencies insulate consumers from our own market volatility, much as gold has since we adopted the dollar standard. However, as awareness grows and acceptance becomes ubiquitous, it will develop into a secondary economic system.
Finally, all manner of startups are changing the way money moves and our reliance on centralized systems. Companies likes TransferWise have developed brilliant models which crush the costs of moving money in and out of the country.
Long Term: Centralized policy
I understand this one seems far-fetched. However, the role of a central government has always been to provide a framework for social processes; law, finance, trade, food etc.
As connectivity increases, we, as consumers, will have more and more direct access to the resources we require. Government policy will only become more cumbersome as consumers become better informed and better connected.