The sharing economy

The sharing economy like the circular economy is a really interesting and disruptive new movement. The most fascinating part of the sharing economy is that it’s totally dependent on TRUST. The sharing economy can drastictly reduce the impact on the environment if we can start lending, renting, sharing and swapping instead of owning everything. There are some different terms connected to the concept. To straighten these out I’ve borrowed the definitions below from Rachel Botsman who is a front figure within the sharing movement. You can see her TED talk here.

The Sharing Economy: is an economic system based on sharing underused assets or services, for free or for a fee, directly from individuals. It’s a really interesting concept with many ideas. Good examples: Airbnb, Cohealo, BlaBlaCar, JustPark, Skillshare, RelayRides, Landshare

Collaborative Economy: An economic system of decentralized networks and marketplaces that unlocks the value of underused assets by matching needs and haves, in ways that bypass traditional middlemen. Good examples: Etsy, Kickstarter, Vandebron, LendingClub, Quirky, Transferwise, Taskrabbit

Collaborative Consumption: The reinvention of traditional market behaviors—renting, lending, swapping, sharing, bartering, gifting—through technology, taking place in ways and on a scale not possible before the internet. Good examples: Zopa, Zipcar, Yerdle, Getable, ThredUp, Freecycle, eBay

On-Demand Services: Platforms that directly match customer needs with providers to immediately deliver goods and services. Good examples: Instacart, Uber, Washio, Shuttlecook, DeskBeers, WunWun

I have written a post about the principles of the sharing economy here (Swedish).

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