Understanding Peers Incorporated and Collaborative Platforms

The video discusses the evolution of car sharing from Zipcar to Buzzcar, highlighting the Peers Incorporated model. This model combines corporate strengths with individual contributions, fostering innovation and community. Examples like Fiverr and Etsy illustrate its success. Challenges in building such platforms are addressed, emphasizing the need for collaboration. The video concludes with the potential of Peers Inc to solve large-scale problems through innovation and participation.

What was the primary innovation introduced by Zipcar?

• Car sharing by the hour or day

• Manufacturing electric cars

• Owning multiple cars

• Selling cars online

What is the main idea behind the Peers Incorporated model?

• Government regulation of peer activities

• Collaboration between companies and individuals

• Individuals working independently

• Corporations owning all resources

Which platform allows people to offer services for $5?

• Topcoder

• Buzzcar

• Fiverr

• Etsy

What was a major challenge in setting up Buzzcar?

• Finding car owners

• Securing appropriate insurance

• Developing a mobile app

• Marketing the service

How does peer production differ from industrial production?

• It relies on mass production

• It allows for a wide range of quality

• It offers standardized services

• It is more expensive

What role do ratings and feedback play in peer production?

• They help manage quality

• They increase production costs

• They are not important

• They are used for marketing

What is a key benefit of the Peers Incorporated model in solving large-scale problems?

• It reduces the need for innovation

• It centralizes decision-making

• It limits individual participation

• It leverages collaboration and creativity

What is the significance of the 'hive' in the context of Buzzcar?

• It is a software platform

• It is a marketing strategy

• It symbolizes collective effort

• It refers to a type of car

What is the main advantage of peer production in terms of innovation?

• It reduces the need for feedback

• It enables widespread experimentation

• It allows for centralized control

• It limits the number of innovators

What is the ultimate goal of creating a platform for participation?

• To control user behavior

• To increase company profits

• To foster innovation and creativity

• To reduce operational costs