Sharing communities – Community currency in the sharing economy

Eszter Szemerédi () and Tibor Tatay
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Eszter Szemerédi: Doctoral School of Regional and Economic Sciences, Széchenyi István University, Győr, Hungary
Tibor Tatay: Department of Economic Analysis, Széchenyi István University, Győr, Hungary

Society and Economy, 2021, vol. 43, issue 1, 38-59

Abstract: For the further development and more efficient operation of the sharing economy, a fast and inexpensive peer-to-peer payment system is an essential element. The aim of this study is to outline a prototype that ensures the automation and decentralization of processes through smart contracts without blockchain technology. The model has been built based on the narrative that a community currency created through smart contracts can promote genuine practices of sharing as opposed to the profit-oriented approach that most of the currently operating sharing economy platforms have. Features of the model, such as ease of use, high-speed transactions without transaction cost are benefits that can provide a more efficient alternative to the traditional or to the cryptocurrency-based centralized sharing economy platforms.

Keywords: sharing economy; smart contract; community currency (search for similar items in EconPapers)
JEL-codes: D23 D86 L86 O33 (search for similar items in EconPapers)
Date: 2021
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