Collaborative Economy

Collaborative Economy

'Collaborative Economy' refers to the production, consumption, or funding models based on the intermediation between suppliers and customers by means of digital platforms that achieve efficient and sustainable use of the existing assets and resources.

The collaborative economy has experienced an exponential growth in the last few years, due to its many benefits. This include:

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Higher Savings

The products and services offered by systems based on collaborative economy lead to significant cost savings for users.

Higher Savings
Higher Savings

More sustainable

The collaborative economy is built upon the idea that products can have more than one application. Something that is not useful for you anymore can be of use for someone else, which leads to greater sustainability. 

More sustainable
More sustainable

Increased supply

The fact that both products and services have many applications increases the supply in traditional markets. 

Increased supply
Increased supply

More human

The collaborative economy retrieves values such as dialogue and solidarity.

More human
More human

How many types of collaborative economy do you know?

  • What is collaborative consumption?

    Users exchange goods and assets 

  • What is collaborative finance?

    The well-known crowdfunding concept is a new model that connects users to jointly 
    fund different projects.

  • What is collaborative production?

    The production means of assets and services are shared.

  • What is open knowledge?

    Promoting the dissemination of knowledge without any legal or administrative barriers

4 big trends for a collaborative economy in 2020

4 big trends for a collaborative economy in 2020

Trends for a collaborative economy

  • Irregular growth

    Some projects have grown too fast and some decisions taken have compromised users' trust.

    Consistency is essential for the success of this type of projects.

  • Don't forget demographic diversity!

    The collaborative economy must meet the needs of the social groups that have shown greater interest in participating in collaborative projects: the middle class, women, and elderly people.

  • More regulation

    The collaborative economy is quite new, and that applies to governments and legislators. For that reason, it is vital that companies work in a proactive way to develop a regulatory framework that defines a level playing field:

  • Just economy

    Shared economy is increasingly seen as an evolution of traditional economy. Incorporating and integrating this model in traditional systems can be a true sign of its success.

What can we share?

BookCrossing is a global library that enables users to exchange books they already read. Each book is passed from reader to reader, so there is no need to buy new books.  Plus, the paper and ink waste is reduced, as well as the pollution caused by printing.  Today, nearly two million people use this service in 132 countries. What else can we share?

 

 

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Collaborative Economy | CHEP