CONNECTED

CONSUMPTION
A Sharing Economy Takes
Hold

TheSharing Economyis a socio-economic

ecosystem built around the sharing of human
and physical resources. It includes the
shared creation, production, distribution,
trade and consumption of goods and services
by different people and organisations.

Connected consumption
Connected consumption, characterized by other
names such as collaborative consumption
(Botsman and Rogers, 2010) and the new sharing
economy, is based on a culture of access, use,
and re-circulation of used goods as alternatives to
traditional private ownership.

Examples
Asset rental
Ex: consumer are renting out their
cars(RelayRides) , homes(AirBnB) and other
assets

Time banks
Service exchange communities in time currency

Asset sharing
Ex: land sharing, neighbourhood

The gift economy

No exchange or formal market involved

Examples

Examples
Details
Provider Interact.
type
type

Start-

B2C

Industries
Food

Kuhteilen

Financial

Mobility

Finpoint Uber

Travel

Logistics

Work

Education Others

onefinest
Instacart Wework Chegg
ay

The
Collectiv
e

Peer 2
ShareMy
Eat With
Freelanc Peer
Sharen.n
ups
C2C
Lendico Turo, Ge Airbnb
Storage.
Me
er .com Universit l
taround,
com
y
& sharo
Workspa
Mud
openforu o
Coursera
WeFarm
car2go Tripping. DoorDas ce on
Jeans
m (Bank
B2C
(Google
(Daimler com
h
Demand
of
(Stanford (Mud
etc.)
)
(Several) (FedEx) (Marriott
America)
)
Jeans)
)
Estab.
TaskRab
P2P Food
TripAdvis
bit
Mila
MyWays
C2C
Lab (Sony CrowdfunJustPark or(Expe
(Walgree Khan Aca (Swissco
(DHL)
CSL)
ding(Vo (BMW) dia)
n, Pepsi, demy(Gom)
lksbank
GE)
ogle, B.
Note: B2C =Business to consumer, C2C
=Consumer to consumer
Bhl)
& M. Ga
tes Foun
dation)

3 main motivators for attract

participants
Economic
Sharing is a way to live well on less money
or to earn money with existing assets

Ecological
Reduce carbon footprints through sharing
transport, reduce waste, increase utilization
and re-use of goods

Social
Meeting people, creating social connections,
and deeping ties to social networks.

TIME BANK

Time bank: A new way to

bank
TimeBanking is a way of giving and
receiving to build supportive
networks and strong communities.
One hour helping another earns one
TimeBank Hour (also called time
credits, service credits or time
dollars.) TimeBanking builds on the
magic of pay it forward, one good
turn leading to another and another.

Time bank works

Time bank works

Industrial revolution

Rising Anti-Capitalist
Sentiment
The Third Industrial Revolution will not only
radically alter our economy, but also our social and
political lives. The engine of the first industrial
revolution, the railroad, and the defining feature of
the second industrial revolution, fossil fuels, all
require centralized management and massive
concentrations of capital - the essence of modern
capitalism. The third industrial revolution requires
less.
There is growing consensus that capitalism has
constructed and normalized unbalances economic
relations.

Discussion
Connected customers bristle at
distorted power relations and led to
connected market alternatives
Sharing economy transform market
relations
Emergence of new paradigm of
economic relations.

Links
https://youtu.be/5y2P4z7DM88
https://youtu.be/xpg4PjGtbu0
https://youtu.be/Ej3qIQhx4HQ
https://youtu.be/X5FU0N5nf8U