“Buy Nothing. Give Freely. Share Creatively.” This is the motto of the Buy Nothing Project. It began when two friends, Rebecca Rockefeller and Liesl Clark, created an experimental hyper-local gift economy on Bainbridge Island, in Washington, in 2013. It has become a worldwide effort, growing to more than 280,000 members in 18 nations, with 1,300 groups and more than 1,700 volunteers.
The sharing economy, in some form, is here to stay. But what’s just as interesting is how the sharing economy is clearly shaking up traditional business models. The next phase is up to thought leaders and innovative startups. They have to decide where the sharing economy is headed, in light of the rise of the “internet of things’ (IoT) revolution — meaning the proliferation of internet-connected devices like wearables, home automation devices and cloud-based gadgets.
People have found advantages to offering their services and products for a good price. The rating systems that are used can also help good companies gain more customers, and help warn or encourage potential buyers depending on the rating.
Bloomberg reports that oil companies working out of the North Sea — “one of the world’s most expensive oil regions” — have started pooling “spare parts, ranging from nuts and screws to valves and compressors…”
Tech is an industry supposedly built on the idea that transparency and information sharing make a better world for us all. Apparently not when the information involves things that might affect the company itself.
Alfrea is a website connecting people with land with people who want to garden, people who want to garden with gardening experts, and people who have fruits and vegetables with people who have none.
28 percent of those ages 50 an older have used a sharing economy service. That includes everything from escorted rides to living with roommates, and pet sitting in homes abroad in exchange for a place to stay. The sharing economy is expected to be a $335-billion industry by 2025, and its already a part of the lives of many older Americans.
It’s possible that the gig economy could give more power to workers, rather than weaken them.
Uber and Lyft have stopped or threatened to stop serving cities around the country. When they actually do, start-ups and riders scramble to fill the hole.
Most “sharing” or “collaborative economy” companies use the internet to facilitate transactions between buyers and sellers for a fee. Some facilitate the renting of assets (such as Airbnb), some the sale of labour (such as TaskRabbit and Upwork) and some a bit of both (such as Uber). What exactly is being shared here? Who is collaborating with whom? Freelancers on Upwork are no more sharing their skills with the world than I am sharing mine with the Financial Times. Airbnb hosts are not collaborating with their guests any more than Marriott International is collaborating with its customers.