Mass Consumer Affairs Blog

The Official Blog of the Massachusetts Office of Consumer Affairs and Business Regulation

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The Sharing Economy Posted on Aug 3

The Sharing Economy

One of the newest innovations in digital commerce is the “sharing economy,” a term used to describe a variety of businesses that use digital technology to directly match services and goods with customers. In just a few years, these businesses have developed the technology to facilitate peer-to-peer transactions, as well as streamline business-to-consumer transactions, in order to connect consumers with almost any good or service on demand.