ABSTRACT
The sharing economy is a business model that allows individuals to share resources, goods, or services through technology platforms. Among the key players in the global sharing economy market are Uber, Airbnb, Couchsurfing, and other companies. The transition from individual private property to access to the private property of several people is likely to be successful due to technological innovation, changing consumer behavior, and increasing market penetration. Blockchain is a potential growth opportunity for the sharing economy industry. The blockchain technology can transform the sharing economy’s governance and create decentralized networks without a central authority. It provides a secure and transparent way to store and verify data. It can reduce transaction costs, increase trust and transparency, and facilitate the creation of new, decentralized sharing economy models. However, several challenges need to be addressed to realize its full potential.
