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Brendan Byrnes: What about the peer-powered trend? You had mentioned a few industries in particular that this is starting to disrupt, or are starting to use this. What does "peer powered" mean, exactly?
Mack: This is the idea of doing business with our peers, versus big, established brands. The peer-to-peer marketplace is disrupting multiple industries, and not just for goods but also services: industries such as hospitality, with P2P lodging companies such as Airbnb and Couchsurfing offering a variety of different ways to sleep at your destination. It could be a couch, it could be a bedroom, it could be a full home, and at relatively lower prices than your typical hotel.
You also have it disrupting the travel sector. Just think of the cab sector. There are ride-sharing companies such as Lift and SideCar, which match drivers with extra space in their car with passengers. This has the potential to disrupt several established industries.
The article Can "Peer Powered" Businesses Disrupt The Blue Chips? originally appeared on Fool.com.
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