Sharing economy

The sharing economy is a business model that involves the sharing of resources, such as vehicles, homes, and tools, among individuals and organizations. It is a key strategy in the circular economy that promotes resource efficiency and reduces waste. This presentation will explore the role of the sharing economy in the circular economy technical cycle.

What is the Sharing Economy?

The sharing economy is a business model that allows individuals and organizations to share resources, such as vehicles, homes, and tools, among themselves. It involves the use of digital platforms to facilitate the sharing process and can provide significant economic and environmental benefits.

WeWork

WeWork is a company that provides co-working spaces for entrepreneurs and small businesses. By sharing office space, WeWork reduces the need for individual office construction, saving energy and materials. This company also promotes sustainable practices by using renewable energy sources and providing recycling and composting facilities.

Freecycle

Freecycle is an online platform that promotes the exchange of second-hand items. It allows people to give away unwanted items for free, keeping them out of landfills and promoting circular economy practices. This platform also helps reduce the demand for new products, saving resources and reducing carbon emissions from manufacturing.

Zipcar

Zipcar is a car-sharing company that provides an alternative to traditional car ownership. Members can rent cars by the hour or day, reducing the need for individual car ownership and reducing the carbon footprint of transportation. This company also promotes sustainable manufacturing practices by partnering with automakers who use environmentally-friendly materials and processes.

Airbnb

Airbnb is a well-known platform that utilizes sharing economy principles. It allows people to share their homes with travelers from around the world, creating a more sustainable use of existing resources. By sharing homes, Airbnb helps reduce the need for new hotel construction, which saves energy and materials. This platform also helps reduce waste by providing a space for people to sell and buy second-hand items, promoting circular economy practices.