The credit system being developed by companies such as ofo is going to have an impact on user behavior way beyond how well they treat the bikes. This user behavior, in turn, is going to have an impact on how cities themselves develop, said ofo co-founder Austin Zhang speaking at TechCrunch Shenzhen.

In the session “How does the sharing economy push the development of the credit city?”, Austin described how users’ treatment of an ofo bike could lead to trouble buying a house and how credit ratings will eventually link to create a ‘credit city’.

“When I go abroad I don’t usually stay in hotels, but Airbnb,” said Austin, “Why do people stay in strangers’ houses? Why do people dare let strangers stay in their houses? There’s a mutual trust, like when you hail a Didi driver you can see his rating.”

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Frank Hersey

Frank Hersey is a Beijing-based tech reporter who's been coming to China since 2001. He tries to go beyond the headlines to explain the context and impact of developments in China's tech sector. Get in...