The Timbro Sharing Economy Index has been compiled using traffic volume data and scraped data, and provides a unique insight into the driving factors behind the peer-to-peer economy.

Monthly traffic data was collected for 286 services in 213 countries. For 23 of the 286 services, a complete count of active suppliers was done using automated “web scraping” techniques. Previous cross-country reports have employed surveys or self-reported indicators and have thus relied on conflicting colloquial definitions of the sharing economy. To overcome this problem, the experts have developed a definition of the sharing economy that allows for exact classification of the services. This allows to use traffic data and scraped usage-data without fuzziness about whether it is about a sharing economy service, or not. Using the definition, they have considered 4,651 service candidates worldwide, 286 of which were classified as sharing economy services. 

The global index — the very first of its kind — tests a number of hypotheses on the correlation between the development of the sharing economy and the regulatory context. Are these services hampered or propelled by high levels of government intervention in the economy? Can the sharing economy help alleviate a lack of general social trust, which is a significant obstacle to all economic activity? Or do activities of this kind require a public that generally thinks well of strangers in order to gain ground in the first place?

More details 

Sharing economy is an interesting model for business as usual to develop new products and services for a community of users.

But what does it mean to adopt a sharing economy model?

On June 7th, an event during the 13th edition of the International Exhibition on Industrial Research and Skills for Innovation was organised to show the opportunities and limits of the sharing economy model.

The First regional event organised by Plovdiv Chamber of Commerce and Industry was held on March 30, 2018, in Plovdiv, Bulgaria.

The info day was designed for regional organizations and businesses operating in the shared economy, but also for would-be entrepreneurs, start-ups, relevant stakeholders, representatives of local administrations and NGOs.

Main goals of the event: to inform participants about the project and planned activities in the region of Plovdiv, to share the results of regional mapping actions within WP1, to exchange good practices and experiences in the field, to discuss the existing collaborative initiatives and involve regional stakeholders.

PROGRAMME

9:30-10:00 Registration of participants, networking on a cup of coffee

10:00-10:10 Welcome address by the President of Plovdiv CCI

10:10-11:00 Presentation of SharEEN project

11:00-11:45 Mapping of regional Sharing Economy initiatives using the #MapJam methodology

11:45-12:30 Q&A followed by a brief open discussion (on a cup of coffee and light lunch)

12:30-13:40 Opportunities of the Sharing Economy for regional businesses, presentation of a good practice

13:40-14:00 Wrap-up and next steps review

Total number of participants: 23,  Annex with photos

CAN SMEs GRASP OPPORTUNITIES OFFERED BY THE SHARING ECONOMY?

My first memory of using a sharing economy service was in 2011 when I travelled with two friends to Morocco. We used the service platform Couchsurfing, a free home sharing service; a company that considers itself as part of the sharing economy. People can share their homes hosting guests who want to experience another culture. Most of the time, hosts also wants to get to know others’ people culture, exchanging experiences or just be part of a community that helps each other explore the world.  

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Back to my experience, I definitely didn't know that the platform service was even a new way of doing business or a new re-significance of society with a label. I haven't linked the home share activity to any sustainability benefits to the current or future generation, such as idly capacity. This is just one of the business models related to the sharing economy. The phenomenon is also referred as collaborative economy, and collaborative consumption.

Nowadays, people are still unsure about the new economy definitions, how it operates, what to expect and how we can all benefit from it. The good news is that we (entrepreneurs, cities, regulators, costumers, workers) as a society are all learning on the way.

 MAYBE YOU ARE READING AND STILL WONDERING - WHAT IS “THE SHARING ECONOMY”?

Although the sharing economy does not have a single definition, researchers Juho Hamari and Mimmi Sjöklint[1], explain that the sharing economy is a based activity of obtaining, giving, or sharing the access to goods and services, coordinated through community-based online service. Another way to describe the phenomenon is from Rachel Botsman[2] lens. She is a specialist on the topic, who states that collaborative consumption enables people to realize the enormous benefits of access to products and services over ownership.

“Every day people are using Collaborative Consumption, traditional sharing, bartering, lending, trading, renting, gifting, and swapping, redefined through technology and peer communities” Rachel Bostman.    In the last 12 years, we've seen the rise of the sharing economy and as Dr. Juliet Schor[3], a professor at Boston College described in 2006 "there is great diversity among activities as well as baffling boundaries drawn by participants". The fact is that nowadays diversity still remains when it comes to this phenomenon, definitions, activities, policymakers, fair redistributions of power and wealth, data security, trust issues, labor lacks right, sustainable consumption, and I may not have covered all areas affected by the new economy here.  

Match made in heaven sharing and digital economy

The truth is that besides the consequences that the new digital economy brought, we can't ignore the benefits to consumers, entrepreneurs, cities, and communities that can also be seen.  The World Economic Forum called it in December 2017 as the sharing of underutilized assets, monetized or not, in ways that improve efficiency, sustainability, and community.

ARE YOU TAKING ANY BENEFITS FROM THE SHARING ECONOMY AS A SME?

The sharing economy is improving SME access to markets by offering opportunities for businesses to benefit from a variety of resources they might otherwise struggle to afford. For example, when sharing resources in transport and delivery services, using service offices like co-working space that normally covers fees and licensing, it has financial benefits that optimize for efficiency, or even to access on-demand support services in skills like accountancy, consultancy and administration, it's a crucial opportunity to outsource.

The global companies, such as Airbnb that share extra spaces; rideshare app services like Uber, Cabify, or Lyft which improve car utilization; task services leverage unproductive hours. In this digital economy, people may act as providers of services or as consumers of assets.

Tourism is one of the key areas that benefits from the sharing economy, as locals share homes, cars, tours, and meals with tourists.

Entrepreneurs are creating business models that drive this new way of making markets more efficient and extend employment opportunities. Sharing is not a new thing, what is new here is that people are placing trust in technology to support the sharing economy. 

To reach a sustainable economic sharing economy ecosystem, we must remain alert and aware of opportunities, benefits, and consequences of the new phenomenon. Innovation even when it is incremental or radical brings uncertainties and risks, but I believe that if we care about what is happening around us, we can also continue learning how to share.

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