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TRUST

Updated 08/04/2017
trust
trəst/
noun
  1. 1.
    firm belief in the reliability, truth, ability, or strength of someone or something.
    "relations have to be built on trust"
    synonyms:confidencebelieffaithcertaintyassuranceconvictioncredence
    reliance
    "good relationships are built on trust"
  2. 2.
    LAW
    confidence placed in a person by making that person the nominal owner of property to be held or used for the benefit of one or more others.
verb
  1. 1.
    believe in the reliability, truth, ability, or strength of.
    "I should never have trusted her"
    synonyms:rely on, depend on, bank on, count on, be sure of
    "he can be trusted to carry out an impartial investigation"
  2. 2.
    archaic
    allow credit to (a customer).



The Currency of the New Economy is Trust (19:49)                                                               10/16/2016
There's been an explosion of collaborative consumption — web-powered sharing of
cars, apartments, skills.  
Rachel Botsman explores the currency that makes systems
like AirBNB and Taskrabbit work: trust, influence, and what she calls "reputation capital."



We've Stopped Trusting Instutions and Started Trusting Strangers (17:08)
Something profound is changing our concept of trust, says Rachel Botsman.  While we
used to place our trust in institutions like governments and banks, today we increasingly
rely on others, often strangers, on platforms like Airbnb and Uber and through
technologies like the blockchain.  This new era of trust could bring with it a more
transparent, inclusive and accountable society — if we get it right.  Who do you trust?