What technology supports the sharing economy in various sectors? 🔊
The technology that supports the sharing economy in various sectors is widely referred to as platform technology. These platforms facilitate peer-to-peer services, enabling individuals to share resources, goods, or services efficiently. Examples include ride-sharing apps, home rental services, and freelance marketplaces. By utilizing mobile and web-based technologies, platform solutions streamline transactions, build trust through user ratings, and often reduce costs for users. This disruptive model fosters community engagement and creates new economic opportunities, reshaping traditional business practices.
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