This document summarizes key aspects of the sharing economy as of October 2015. It describes how technologies like broadband, mobile phones, and cloud computing enable new models of sharing tangible assets like transportation and property through platforms like Uber and AirBnB. It also discusses how these platforms and peer-to-peer transactions are allowing sharing of intangible assets and services. The sharing economy is predicted to grow significantly in coming years and could spawn new forms of capitalism and business models, while also presenting challenges around regulation and trust that developing technologies and societal changes may help address.
4. People
• “Net generation”
• 24x7 “mobile” workforce
• Knowledge via MOOCs
• Sharing not owning
• Sustainability
Technology
• Broadband access
• Mobile phones
• The cloud
• Internet of Things
• Big Data
• 3D printing
• Robotics/AI
• VR/AR
• Holography
• Blockchain
Open Source IP
• Software
• Hardware
• Physibles
Convergence of…..
Finance
• Microlending/microfinance
• Crowdfunding/equity/P2P
• Non-fiat cryptocurrencies
• Mobile money/payments
• M2M payments
5. Uber
• Launched June 2010
• 300 cities in 58 countries
• Limited physical assets
• USD 51 bln valuation
(Ericsson – USD 32 bln)
“Doing more with less” through a global
platform
6. A system that activates the untapped
value of all kinds of assets through models
and marketplaces that enable greater
efficiency and access.
- Botsman
The Sharing Economy
Harvard Business Review, 2014
The Sharing Economy: Embracing Change with Caution
http://www.slideshare.net/eteigland/sharing-economy-webb
7. Examples and well-known actors
in the Sharing Economy
Asset Examples Actors Swedish Actors
Tangible
Transportation
Property
Food
Uber
BlaBlaCar
Didi Kuaidi
AirBnB
Skjutsgruppen
SunFleet
Hoffice
Intangible:
Financial
Crowdfunding
P2P lending
Kickstarter
Indiegogo
LendingClub
Prosper
GoFundMe
FundedByMe
Crowdcube
ToBorrow
Intangible:
Services
Professional
Personal
Innocentive
Mechanical Turk
Upwork
TaskRabbit
eWork
Vint
TaskRunner
8. The Sharing Economy is enabled through
peer-to-peer (P2P) transactions on
multi-sided Platforms (MSPs)
http://sloanreview.mit.edu/article/strategic-decisions-for-multisided-platforms/
26. The challenge
Leap of faith when
meeting strangers ->
Increased trust in
society?
Innovation is forward
looking while
regulations are
backward looking.
http://www.weforum.org/sessions/summary/rise-demand-economy
27. Enablers of a “true” Sharing Economy?
Blockchain
Sharing
Economy
IoT/sensors
P2P/M2M
Micropayments
Big data
29. Mixed economic implications
New pricing mechanisms -> deflation?
Lower demand for capital in “Zero Marginal
Cost Society”?
Perfect competition on monopolistic platforms?
Net effect on labor productivity?
31. Thomas Jefferson (1816)
“Laws and institutions must go hand in hand
with the progress of the human mind.”
The problem is that the human mind itself
can’t keep pace with the advances that
computers are enabling.
http://wadhwa.com/2014/04/15/mit-technology-review-laws-and-ethics-cant-keep-pace-with-technology/