Trust and the On-Demand Economy

Irving Wladawsky-Berger, Dec 22, 2015
Commentary by Stephen Downes
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I know that the dominant story today is if "the shift of value from suppliers to consumers." We have seen the digitization of content, then the creation of consumer-generated content, then finally on-demand services like Uber and AirBnB, where consumer provide each other with everything from cars to houses. According to Irving Wladawsky-Berger this shift is made possible by trust. It will reach the education market if we can establish a similar mechanism whereby learning providers can be trusted to provide real learning, not hollow credentials. That day is coming. But it will take more than trust to sustain all of these industries. We need to find a way to exchange value directly for value, because the existing system - money - has become inefficient and corrupt (see below). This, also, will come in time. It has to.

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