The sharing economy' movement delivers a whole new range of ideas and services. Often utilising our modern digital tools of smart phones, apps, location based technology, near-field communications, fixed broadband, social networks, m-payments etc the notion is to share excess goods and services with the broader community, sometimes for profit. In particular - mobile apps are being developed in order for consumers to easily access the shared opportunities. The transport sector is a key area which can benefit from sharing services.
This report explores the emerging phenomenon of the Shared Economy and provides valuable examples from around the world.
The sharing economy is spouting up new services everywhere, however in reality it is mainly occurring in the cities - and even then mostly the large cities at this stage. Interesting business models based around car and bike sharing, money lending, clothing swaps, pet minding and currency exchange are emerging. Legal and regulatory issues are arising due to some of the services disrupting and transforming existing industries (e.g. Uber, Lyft).