{"id":8999,"date":"2025-04-10T21:01:14","date_gmt":"2025-04-10T21:01:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/8999\/"},"modified":"2025-04-10T21:01:14","modified_gmt":"2025-04-10T21:01:14","slug":"trust-is-the-killer-app-for-the-indian-internet-economy","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/8999\/","title":{"rendered":"Trust is the killer app for the Indian internet economy"},"content":{"rendered":"<p><img decoding=\"async\" alt=\"Trust is the killer app for the Indian internet economy\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/trust-is-the-killer-app-for-the-indian-internet-economy.jpg\"\/><img decoding=\"async\" alt=\"Trust is the killer app for the Indian internet economy\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/trust-is-the-killer-app-for-the-indian-internet-economy.jpg\"\/><\/p>\n<p>Trust in teamwork; bees bridging two swarms; image credit: iStock<\/p>\n<p>Synopsis<\/p>\n<p>Over the long term, mechanisms that enable trust in a society are better kept in the public domain than in private hands. <\/p>\n<p>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 \u2013 &#8220;building trust\u201d. In any society, transactional trust is determined by two key factors. The extent of information asymmetry and the effectiveness of dispute resolution and contract<\/p>\n<p><a target=\"_blank\" rel=\"author noopener\" data-ga-onclick=\"Author - Joseph Sebastian - href\" href=\"https:\/\/m.economictimes.com\/etreporter\/author-joseph-sebastian-479268750.cms\"><img decoding=\"async\" onerror=\"this.onerror=null;this.src=\" https:=\"\" src=\"https:\/\/img.etimg.com\/authorthumb\/msid-479268750,width-55,height-55,imgsize-00479268750,resizemode-8.cms\" alt=\"\"\/><\/a><\/p>\n<p>BY<\/p>\n<p>12 mins read, Last Updated: Apr 10, 2025, 05:38:46 PM IST<\/p>\n<p>Gift ETPrime to your friends<\/p>\n<p>Gift a Subscription<\/p>\n<p class=\"info\">Now, gift ETPrime subscription to your friend for Free!<\/p>\n<p>Gift this Story to your friends<\/p>\n<p>Gift a Story<\/p>\n<p class=\"info\">Share member-only stories with your friends or family and help them read it for free.<\/p>\n<ul class=\"act_list tac\">\n<li class=\"fs_act fontSize\">FONT SIZE\n<p>AbcSmall<\/p>\n<p>AbcMedium<\/p>\n<p>AbcLarge<\/p>\n<\/li>\n<li data-channelid=\"1\" data-msid=\"120157780\" data-arttype=\"0\" title=\"Bookmark this article\" class=\"s_act bookmark-icon\">SAVE<\/li>\n<li data-channelid=\"1\" data-msid=\"120157780\" data-arttype=\"0\" class=\"prt_act hide\" data-ga-onclick=\"Paid Articleshow#Print Button Click#120157780\"><a target=\"_blank\" href=\"https:\/\/m.economictimes.com\/prime\/technology-and-startups\/trust-is-the-killer-app-for-the-indian-internet-economy\/printprimearticle\/120157780.cms?print=yes\" rel=\"noopener\">PRINT<\/a><\/li>\n<li class=\"cmt_act hide\" data-ga-onclick=\"UB - Comment Clicks#Clicks Comment - 120157780#ATF\">COMMENT<\/li>\n<\/ul>\n<p><a data-ga-onclick=\"Referral Discovery#click#prime_article\" data-ga-impression=\"Referral Discovery#impression#prime_article\" class=\"referEarn\" target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/m.economictimes.com\/referrals\"><img loading=\"lazy\" decoding=\"async\" alt=\"New Feature\" height=\"23\" width=\"43\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/107525386.cms.png\"\/><br \/>\n            Refer &amp; Earn<br \/>\n        <\/a><\/p>\n<p>Continue reading with one of these options:<\/p>\n<p>Limited Access<\/p>\n<p>Free<\/p>\n<p>Login to get access to some exclusive stories<br \/>&amp; personalised newsletters<\/p>\n<p>Login Now<\/p>\n<p>Unlimited Access<\/p>\n<p>Starting @ Rs120\/month<\/p>\n<p>Get access to exclusive stories, expert opinions &amp;<br \/>in-depth stock reports<\/p>\n<p>Subscribe Now<\/p>\n<p>Uh-oh! 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Sign In now<\/p>\n","protected":false},"excerpt":{"rendered":"Trust in teamwork; bees bridging two swarms; image credit: iStock Synopsis Over the long term, mechanisms that enable&hellip;\n","protected":false},"author":2,"featured_media":9000,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3161],"tags":[6073,6072,3082,6071,6070,6069,6074,53,16,15],"class_list":{"0":"post-8999","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-internet","8":"tag-flipkart","9":"tag-george-akerlof","10":"tag-internet","11":"tag-olx","12":"tag-oxyzo","13":"tag-quikr","14":"tag-spinny","15":"tag-technology","16":"tag-uk","17":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114315689373337815","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/8999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=8999"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/8999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/9000"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=8999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=8999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=8999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}