Question

What are the 4 distinct governance models for the platform economy and how can trust be supported (SAFE-AT)?

Option 1: Supervisory, Advisory, Functional, Ethical - Authentication, Transparency
Option 2: Strategic, Analytical, Functional, Evaluative - Assurance, Trustworthiness
Option 3: Supervisory, Advisory, Financial, Ethical - Accountability, Transparency
Option 4: Strategic, Analytical, Functional, Evaluative - Authentication, Trustworthiness

Answer 1

Option 2: Strategic, Analytical, Functional, Evaluative - Authentication, Trustworthiness. Authentication and trustworthiness are important factors in supporting trust in the platform economy.

Step-by-step explanation:

The correct answer is Option 2: Strategic, Analytical, Functional, Evaluative - Authentication, Trustworthiness. In the context of the platform economy, governance refers to the structures and systems put in place to regulate and manage the interactions and transactions that occur on a platform. The four distinct governance models mentioned in Option 2 are:

1. Strategic governance: This involves setting the overall direction and goals of the platform.
2. Analytical governance: This focuses on collecting and analyzing data to inform decision-making and improve performance.
3. Functional governance: This pertains to the operational aspects of the platform and ensuring smooth functioning.
4. Evaluative governance: This involves assessing the performance and impact of the platform and making necessary adjustments.

To support trust in the platform economy, two factors are mentioned in Option 2: authentication and trustworthiness. Authentication involves verifying the identities of platform users to establish trust and security. Trustworthiness, on the other hand, refers to the platform demonstrating reliability, competence, and ethical behavior.