Prof. Arun Sundararajan on the infrastructure of the sharing economy
— January 24, 2014
Excerpt from The Guardian -- "Regular commerce, too, used to be based on trust, notes Arun Sundararajan, a professor of information, operations and management sciences at New York University's Stern School of Business, who recently testified at the first hearing of the US Congress on the sharing economy. 'You traded with people within your group. Today, we're replicating that on scale in the sharing economy. Over time we've built up a commercial infrastructure of licenses and so on which, for example, makes staying in a hotel a small risk. We're still in the early stages of that kind of infrastructure being developed for the sharing economy.'"