The sharing economy is just going to continue to grow, and governments will be challenged to understand and manage its implications while embracing its benefits. However, governments will be at a significant disadvantage if they wait too long and newer technologies and markets will have already been developed that do not follow traditional models. Think of the following: Uber is the world’s largest taxi service and owns no cars. Airbnb provides lodging yet does not own real estate.
How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
How will local governments adapt to these new ways of doing business that are disrupting traditional business models? All we know now is that governments are a long way from even contemplating and accepting this new reality.
I think before you start thinking of the local government, which would only follow suit with how the national government moves, I think that it is better to focus on how the governments accepts, adapts and embraces the cryptocurrency market, specifically Bitcoin as part of the local economy of their country. Many of the pioneers of these movements have already harvested the benefits of their early change of heart, because as of now, the market has turned into a global power that may affect world trade and business systems at large. Also, since more government now have opened their eyes in the fact that Bitcoin is a legit means of business, more and more would try to rumble things up to make it fit in their local business plans to have some gainful revenue.
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