governance of the sharing economy

Governance of the sharing economy involves creating laws, rules, and standards to ensure these platforms operate fairly, safely, and responsibly. Since sharing economy services like ride-sharing or home rentals connect individual users directly, authorities aim to balance innovation with protecting consumers, workers, and communities. This includes regulating licensing, safety, insurance, and data privacy, while also addressing issues like fair competition and zoning. Effective governance encourages trust and sustainability, helping the sharing economy grow in a way that benefits everyone involved while minimizing risks and negative impacts.