Trust is the killer app for the Indian internet economy

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Trust is the killer app for the Indian internet economy
Trust is the killer app for the Indian internet economy

Trust in teamwork; bees bridging two swarms; image credit: iStock

Synopsis

Over the long term, mechanisms that enable trust in a society are better kept in the public domain than in private hands.

As a VC for a few years now, I have had a vantage point from which to observe entrepreneurial developments in a number of sectors in the Indian economy. Curiously, they all seem to share a common thread in their mission which can be distilled down to just two words – “building trust”. In any society, transactional trust is determined by two key factors….



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Trust is the killer app for the Indian internet economy


Trust is the killer app for the Indian internet economy
Trust is the killer app for the Indian internet economy

Trust in teamwork; bees bridging two swarms; image credit: iStock

Synopsis

Over the long term, mechanisms that enable trust in a society are better kept in the public domain than in private hands.

As a VC for a few years now, I have had a vantage point from which to observe entrepreneurial developments in a number of sectors in the Indian economy. Curiously, they all seem to share a common thread in their mission which can be distilled down to just two words – “building trust”. In any society, transactional trust is determined by two key factors….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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