Fighting 'Archaic' Laws to Embrace the Sharing Economy

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The sharing economy speaks to an innate human desire to make a connection, says Daniel Dubois of the startup ShareShed. It also injects money into the local economy instead of sending it overseas.

Daniel joined Aaron Zifkin, from Airbnb Canada, and Mohamed Alborno, from the New Country Film Project, on stage at Interzone on Friday to discuss the pros and cons of the sharing economy, and how it can be applied to new industries.

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It's not an industry without significant hurdles, including municipal regulations that often block the success of a new venture.

"Airbnb and Uber have broken down barriers in highly regulated industries," said Aaron. "A lot of the legal framework [we come across at Airbnb] is so archaic and outdated. A lot of it predates the internet.

Mohamed pointed out that the sharing economy began with couch surfing, where people around the world offer others a free place to sleep. The exchange of money changes things, he said. A hotel concierge is unlikely to open up to you about his or her life as you discuss the best restaurants in the city.

But Aaron says there are many winners in a business like Airbnb.

"The winners are on both sides of the marketplace. Visitors are having these incredible experiences," he said.

"In the host community, people put their places on Airbnb because they want to monetize. But what keeps them there are the amazing cultural exchanges."

Check out some great tweets from the Interzone community:

 

What do you think? Let us know on Twitter (@TWTGroupInc). Or, if you’re at the #InterzoneIO, we’d love to discuss it with you in person! You can tweet at us or call/text Shawn at 403-918-7735.

Don’t forget to come back throughout Interzone to see our take on the keynotes and panels. You can find everything Interzone on our Interzone blog.

Topics: Interzone