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The essentials for a sharing economy

S'pore needs to draw up regulations to keep the sharing economy safe, yet business-friendly. An agency overseeing sharing and trust activities would also be ideal.

As more data is collected, through ride-sharing apps for example, the authorities should develop the infrastructure and analytics to protect this data and let it be used meaningfully to help businesses grow.

WHEN the Committee of the Future Economy rolls out its much-anticipated report later this month, the strategies and recommendations laid out will almost certainly be shaped by two global trends: the sharing economy, and trust as a measure of value.

In the sharing economy, peer-to-peer...

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