A Peer-Peer approach of World for Mutual Benefit, Powered by Technology

I came across this photo while surfing the internet, these words were actually said by Tom Goodwin. Just think about how people in the global level are helping each other out, back up by technology. The global technology leaders like Bitcoin, Uber, Facebook, Alibaba and Airbnb are harnessing the combined power of different technologies and internet to connect people, to fulfill the need of people, by the people. The modern technologies are constantly trying to replace the traditional layers of approach to the social market. This peer to peer approach took a huge leap and left the world amazed to find out how people are helping each other out to reach their goal and to find out that technology used in right way is a tool with an optimum goal of uplifting the humanity.

Uber is a best example of this, customers and uber drivers can connect with each other for the fullfillment of each others need. One needs a ride and other give the ride. Its platforms can be accessed via its websites and mobile apps. Uber has been prominent in the sharing economy, so much so that the changes in industries as a result of it have been referred to as Uberisation. Uber does not own any taxi, but is the largest taxi service in the globe.It has always been about give and take but it works best if everything is connected with a technological interface.

Lets also take an example of Tootle in context of Nepal. Taxi or any public ride in Nepal was a very tough as taxi's fare was very high and public rides were very congested. Tootle is a peer-to-peer network of people helping each other out one providing the ride service and another one using that service.

Not only in Transportation Industries but there are other industries where peer-to-peer networks are helping each other out for mutual benefits.

“Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation provider, owns no real estate.

Something interesting is happening.”

-Tom Goodwin 

Senior Vice President of strategy and Innovation at Havas Media.