Shareable Trust

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Presentation at Ouishare in November 13 in London - what is shareable trust and how can this missing piece of infrastructure kick-start the sharing economy. In part the formation of UKShareCo is an attempt to bring infrastructure to the sharing economy so that new ideas and services can build on what's already out there

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Shareable Trust

  1. 1. Shareable  Trust  ©TM®   raj  singh   raj@sooqini.com   @trajsingh   Ouishare  London  6-­‐11-­‐13   1
  2. 2. Collaborative consumption Planet People Profit 2 Shareable Trust ©TM® / raj singh / November 2013
  3. 3. What makes it work? Need Belief Trust 3 Shareable Trust ©TM® / raj singh / November 2013
  4. 4. What is trust? Tell the truth, Keep your promises, Do the right thing 4 Shareable Trust ©TM® / raj singh / November 2013
  5. 5. How is trust created? By trusting “The Internet is not just a series of pipes. Its core architecture embeds an assumption about human nature. It assumes that if individuals are empowered, they will do the right thing the vast majority of the time. Services like eBay, Etsy and Airbnb are built on the assumption that most people are honest. Increasingly we have less confidence in established hierarchies. We have come to trust in the network, in the web of connections between people.” (Brad Burnham, Union Square Ventures) 5 Shareable Trust ©TM® / raj singh / November 2013
  6. 6. Who is trusted? 6 Shareable Trust ©TM® / raj singh / November 2013
  7. 7. Who needs to be trusted – in collcons? Sharer/giver Sharer/recipient Sharing platform 7 Shareable Trust ©TM® / raj singh / November 2013
  8. 8. But wouldn’t this be better? Trust 2.0 8 Trust+ SharedTrust Shareable Trust ©TM® / raj singh / November 2013
  9. 9. Shareable Trust is combined trust Between people, platforms and industries 9 Shareable Trust ©TM® / raj singh / November 2013
  10. 10. Bring your ratings and feedback Opt-in to share Jumpstart on a new network Don’t ever be a no-star Nellie again 10 Shareable Trust ©TM® / raj singh / November 2013
  11. 11. A simple number At first, Shareable Trust will be a single metric, easily shared 11 Shareable Trust ©TM® / raj singh / November 2013
  12. 12. And later, an API set Ability to check, update and share as desired 12 Shareable Trust ©TM® / raj singh / November 2013
  13. 13. Example I’m hot on Sooqini -> I join goCarShare -> I transport my rating to them -> And then to RMI -> And then to… 13 Shareable Trust ©TM® / raj singh / November 2013
  14. 14. Benefits of shareable trust People: don’t start from zero Adoption: moves more quickly Externalities: ??? 14 “We always overestimate the change that will occur in the next two years, and underestimate the change that will occur in ten years. Don’t let yourselves be lulled into inaction.”   William H. Gates III Shareable Trust ©TM® / raj singh / November 2013
  15. 15. Needs one/many Trust Servers Middle-ware Independent Non-repudiatable 15 Shareable Trust ©TM® / raj singh / November 2013
  16. 16. UK Share Co. wants to help Independent body representing UKbased Sharing Economy companies 16 Shareable Trust ©TM® / raj singh / November 2013
  17. 17. UK Share Co. focus on outreach @UKShareCo Making people aware of Sharing Economy Regulatory input Trust infrastructure 17 Shareable Trust ©TM® / raj singh / November 2013
  18. 18. Next steps Join us in spec’ing Shareable Trust Be a part of UKShareCo Spread the word 18 Shareable Trust ©TM® / raj singh / November 2013
  19. 19. Filler 20s breather 19 Shareable Trust ©TM® / raj singh / November 2013
  20. 20. Thank you 20 Shareable Trust ©TM® / raj singh / November 2013

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