Research completed in 2018 suggests that the ‘sharing economy’ will have a combined turnover of $335 billion by 2025. Subsets of the sharing economy include: Accommodation renting (e.g. Air BNB) Crowdfunding (e.g. Kick Starter) Ride sharing (e.g. UBER) I would argue that what we call the ‘sharing economy’ is better referred to as the ‘collaborative […]

Research completed in 2018 suggests that the ‘sharing economy’ will have a combined turnover of $335 billion by 2025. Subsets of the sharing economy include: Accommodation renting (e.g. Air BNB)Crowdfunding (e.g. Kick Starter)Ride sharing (e.g. UBER) I would argue that what we call the ‘sharing economy’ is better referred to as the ‘collaborative economy’ which, in turn, has three subsets: The sharing economy – where assets or resources are sharedThe redistribution economy – where assets or resources are redistributedThe renting economy – where underutilised assets are rented Under this revised definition: Sharing includes the likes of – Ride Share – where two or more people share a vehicleRedistribution includes the likes of – Gumtree – where second-hand goods are soldRenting includes the likes of – Quipmo – peer to peer equipment renting The commonality in all of these economies is peer to peer activity. Often, there is a major corporation…