The Sharing Economy affords people the ability to participate in certain experiences or utilize certain products without ownership.
Also called Collaborative Consumption - the thought process behind it is that we can all share our resources rather than individually go out and purchase them. This reduces our overconsumption as a society but also makes things more attainable for people that may not usually be able to afford it.
On the flip side - the Sharing Economy also democratizes the ability to sell products and services in such a way that anyone can open a hotel, a restaurant or become a taxi service with the homes and cars that they own in order to subsidize their living. In essence, owning a restaurant or running a hotel can be achieved now by anyone with a roof over their head or a dining table.
Collaborative Consumption is 100% dependent on technology with the internet at its core. The most famous Sharing Economy platform is AirBNB where people can offer up their apartments and homes for rent while they are out of town giving travellers an alternative to the hotel and also providing the owner with some additional income.
But this technological movement has span way past AirBNB into other areas such as transportation, item rentals and even food.
Here are some of the most popular and up and coming Sharing Economy platforms today:
Lodging and Accommodations
By Tom Emrich
Do you have a favorite Sharing Economy app to share?