Sharing communities – Community currency in the sharing economy

Szemerédi, Eszter and Tatay, Tibor (2021) Sharing communities – Community currency in the sharing economy. Society and Economy, 43 (1). pp. 38-59. DOI

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For the further development and more efficient operation of the sharing economy, a fast and inexpensive peer-to-peer payment system is an essential element. The aim of this study is to outline a prototype that ensures the automation and decentralization of processes through smart contracts without blockchain technology. The model has been built based on the narrative that a community currency created through smart contracts can promote genuine practices of sharing as opposed to the profit-oriented approach that most of the currently operating sharing economy platforms have. Features of the model, such as ease of use, high-speed transactions without transaction cost are benefits that can provide a more efficient alternative to the traditional or to the cryptocurrency-based centralized sharing economy platforms.

Item Type:Article
Uncontrolled Keywords:sharing economy, smart contract, community currency
JEL classification:D23 - Organizational Behavior; Transaction Costs; Property Rights
D86 - Information, Knowledge, and Uncertainty: Economics of Contract: Theory
L86 - Information and Internet Services, Computer Software
O33 - Technological Change: Choices and Consequences; Diffusion Processes
Subjects:Economic development
ID Code:6415
Deposited By: Veronika Vitéz
Deposited On:13 Apr 2021 10:59
Last Modified:16 Apr 2021 13:36

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