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Books > Business & Economics > Business & management > Management of specific areas > Research & development management
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Legal Tech and the New Sharing Economy (Paperback, 1st ed. 2020)
Loot Price: R3,684
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Legal Tech and the New Sharing Economy (Paperback, 1st ed. 2020)
Series: Perspectives in Law, Business and Innovation
Expected to ship within 10 - 15 working days
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The exponential growth of disruptive technology is changing our
world. The development of cloud computing, big data, the internet
of things, artificial intelligence, machine learning, deep
learning, and other related autonomous systems, such as
self-driving vehicles, have triggered the emergence of new products
and services. These significant technological breakthroughs have
opened the door to new economic models such as the sharing and
platform-based economy. As a result, companies are becoming
increasingly data- and algorithm-driven, coming to be more like
"decentralized platforms". New transaction or payment methods such
as Bitcoin and Ethereum, based on trust-building systems using
Blockchain, smart contracts, and other distributed ledger
technology, also constitute an essential part of this new economic
model. The sharing economy and digital platforms also include the
everyday exchange of goods allowing individuals to commodify their
surplus resources. Information and innovation technologies are used
in order to then match these resources with existing demand in the
market. Online platforms such as Airbnb, Uber, and Amazon reduce
information asymmetry, increase the value of unused resources, and
create new opportunities for collaboration and innovation.
Moreover, the sharing economy is playing a major role in the
transition from exclusive ownership of personal assets toward
access-based exploitation of resources. The success of online
matching platforms depends not only on the reduction of search
costs but also on the trustworthiness of platform operators. From a
legal perspective, the uncertainties triggered by the emergence of
a new digital reality are particularly urgent. How should these
tendencies be reflected in legal systems in each jurisdiction? This
book collects a series of contributions by leading scholars in the
newly emerging fields of sharing economy and Legal Tech. The aim of
the book is to enrich legal debates on the social, economic, and
political meaning of these cutting-edge technologies. The chapters
presented in this edition attempt to answer some of these lingering
questions from the perspective of diverse legal backgrounds.
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