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How Europe manages the sharing economy

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EUobserver's 2017 edition of its Business in Europe magazine takes a closer look at the the sharing economy.

ecome fully automated,

ecome fully automated, smart objects will be rented on demand and unused vehicles get a new lease on life," said's CEO, Christoph Jentzsch, on the But hasn't been without issues. Last year, it attempted to raise venture capital using a smart contract that was later hacked. The smart contract contained a bug, which was exploited. Some million of digital Ethereum money, also called Ether, was stolen from the project known as the Decentralised Autonomous Organisation (DAO). "People learned from that [DAO], because it is not a simple thing to write a smart contract, it is much more It means if there is a bug in the code then it becomes susceptible to hacking or other vulnerabilities. consider Ethereum as a living application for a smart contract, rather than as a currency, before it would ever go mainstream. "I see it developing, the thing is that there is potential and the technology is available," he said. 34 — SHARING ECONOMY & EUROPE MAY 2017

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