[ted id=2447]
More: http://www.ted.com/playlists/366/the_economy_of_trust
Advantage
- Refined resource allocation
- Better resource utilization – matching demands and supply
- Avoid monopoly
- Remove middle man (= Friction) through technological advances
- Middle man = Trust as new Capital
Concerns
- HR / Protection
- Fairness in distribution of rewards
- Medium to amplify social behavior
(to be continued)