Report provides first-ever government definition of "digital matching firms" and initial assessment of growing sector's size and scope
WASHINGTON - Today, the Department of Commerce released a report titled: "Digital Matching Firms: A New Definition in the 'Sharing Economy' Space." The report provides the first-ever government definition of "digital matching firms," which are companies that use Internet and smartphone-enabled apps to match service providers with consumers, help ensure trust and quality assurance via peer-rating services, and rely on flexible service providers who, when necessary, use their own assets. The report provides an initial assessment of the sector's size and scope based on publicly available data of the largest firms in the industry. It also examines the potential effect of what is commonly known as the "sharing economy" on consumers and service providers.