Legal Aspects of Decentralized and Platform-Driven Economies

TY - CHAP

T1 - Legal Aspects of Decentralized and Platform-Driven Economies

AU - Corrales Compagnucci, Marcelo

AU - Kono, Toshiyuki

AU - Teramoto, Shinto

PY - 2019/12/13

Y1 - 2019/12/13

N2 - The sharing economy is sprawling across almost every sector and activity around the world. About a decade ago, there were only a handful of platform-driven companies operating on the market. Zipcar, BlaBlaCar and Couchsurfing among them. Then Airbnb and Uber revolutionized the transportation and hospitality industries with a presence in virtually every major city. “Access over ownership” is the paradigm shift from the traditional business model that grants individuals the use of products or services without the necessity of buying them. Digital platforms, data and algorithm-driven companies as well as decentralized blockchain technologies have tremendous potential. But they are also changing the “rules of the game.” One of such technologies challenging the legal system are AI systems that will also reshape the current legal framework concerning the liability of operators, users and manufacturers. Therefore, this introductory chapter deals with explaining and describing the legal issues of some of these disruptive technologies. The chapter argues for a more forward-thinking and flexible regulatory structure.

AB - The sharing economy is sprawling across almost every sector and activity around the world. About a decade ago, there were only a handful of platform-driven companies operating on the market. Zipcar, BlaBlaCar and Couchsurfing among them. Then Airbnb and Uber revolutionized the transportation and hospitality industries with a presence in virtually every major city. “Access over ownership” is the paradigm shift from the traditional business model that grants individuals the use of products or services without the necessity of buying them. Digital platforms, data and algorithm-driven companies as well as decentralized blockchain technologies have tremendous potential. But they are also changing the “rules of the game.” One of such technologies challenging the legal system are AI systems that will also reshape the current legal framework concerning the liability of operators, users and manufacturers. Therefore, this introductory chapter deals with explaining and describing the legal issues of some of these disruptive technologies. The chapter argues for a more forward-thinking and flexible regulatory structure.

M3 - Book chapter

SN - 978-981-15-1349-7

T3 - Perspectives in Law, Business and Innovation

SP - 1

EP - 14

BT - Legal Tech and the New Sharing Economy

A2 - Corrales Compagnucci, Marcelo

A2 - Forgó, Nikolaus

A2 - Kono, Toshiyuki

A2 - Teramoto, Shinto

A2 - Vermeulen, Erik P. M.

PB - Springer Nature Singapore

CY - Springer

ER -