We all know that the heart of the sharing economy was created from innovative, free-spirited, entrepreneurial companies whose very backbone resists regulation. It is equally obvious that these companies are playing by a different set of rules than the more traditional competitors.I touched on this in my blog earlier this month, but the sharing economy is growing up and in the future, the sharing economy will just be the economy and will naturally find its place within our day-to-day lives.
With this evolution of the sharing economy, more and more cities are starting to regulate the sharing economy to give all businesses the same opportunities. The Huffington Post makes a valid point when they explain that regulation can actually lead to trust, which can foster more economic activity. Sharing economy companies would be smart to self regulate, before officials do it for them.Sharing economy companies are smart to look for guidelines for the city and state they operate in so they can flourish without the fear of legal repercussions. Airbnb had this to say to CBC News earlier this month: “We're committed to working with cities to create sensible regulations that are really simple and clear to understand so that people can take on this occasional activity and understand what their obligations are.” I think this statement rings a bell with the cities, states and the sharing economy to become more proactive about working together to holistically create a better sharing environment.