{"id":117,"date":"2017-03-12T15:34:20","date_gmt":"2017-03-12T15:34:20","guid":{"rendered":"http:\/\/www.ethiscrowd.com\/blog\/?p=117"},"modified":"2022-11-15T08:39:52","modified_gmt":"2022-11-15T08:39:52","slug":"3-main-benefits-sharing-economy","status":"publish","type":"post","link":"https:\/\/ethis.co\/blog\/3-main-benefits-sharing-economy\/","title":{"rendered":"Sharing Economy : 3 Real Benefits of the Sharing Economy"},"content":{"rendered":"<p style=\"text-align: justify;\">Airbnb (home\/room sharing) is now worth more than Hyatt and Hilton Hotels combined. Uber (car sharing) provided 2 million rides a day and continues its global expansion. Lending Club (peer-to-peer crowdfunding) channelled USD2billion in the past quarter.<\/p>\n<p style=\"text-align: justify;\">The world&#8217;s largest media company produces none of its own content (you know who).<\/p>\n<p style=\"text-align: justify;\">The apps you buy are written by your own neighbours.<!--more--><\/p>\n<figure id=\"attachment_119\" aria-describedby=\"caption-attachment-119\" style=\"width: 1318px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-119 size-full\" src=\"http:\/\/www.ethiscrowd.com\/blog\/wp-content\/uploads\/2017\/03\/2.jpg\" alt=\"Sharing Economy Statistics by PwC\" width=\"1318\" height=\"792\" srcset=\"https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/03\/2.jpg 1318w, https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/03\/2-300x180.jpg 300w, https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/03\/2-768x461.jpg 768w, https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/03\/2-1024x615.jpg 1024w, https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/03\/2-624x375.jpg 624w\" sizes=\"(max-width: 1318px) 100vw, 1318px\" \/><figcaption id=\"caption-attachment-119\" class=\"wp-caption-text\">Sharing Economy Statistics<\/figcaption><\/figure>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_51_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-69e356b3ae660\" ><span class=\"\"><span style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input aria-label=\"Toggle\" aria-label=\"item-69e356b3ae660\"  type=\"checkbox\" id=\"item-69e356b3ae660\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ethis.co\/blog\/3-main-benefits-sharing-economy\/#What_it_Means_for_the_Sharing_Economy\" title=\"What it Means for the Sharing Economy\">What it Means for the Sharing Economy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ethis.co\/blog\/3-main-benefits-sharing-economy\/#Here_are_3_I%E2%80%99d_like_to_highlight\" title=\"Here are 3 I&#8217;d like to highlight:\">Here are 3 I&#8217;d like to highlight:<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ethis.co\/blog\/3-main-benefits-sharing-economy\/#A_shift_in_trust_to_Community\" title=\"A shift in trust to Community:\">A shift in trust to Community:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ethis.co\/blog\/3-main-benefits-sharing-economy\/#Spreads_and_strengthens_Popular_Values\" title=\"Spreads and strengthens Popular Values:\">Spreads and strengthens Popular Values:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ethis.co\/blog\/3-main-benefits-sharing-economy\/#Moves_away_from_Individual_Gain\" title=\"Moves away from Individual Gain:\">Moves away from Individual Gain:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"What_it_Means_for_the_Sharing_Economy\"><\/span><span style=\"text-decoration: underline;\">What it Means for the Sharing Economy<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">By and large, the&nbsp;infographic and statistics by PwC above state clearly that the Sharing Economy is here, and growing rapidly globally. It was mainly a Western phenomenon in 2014 and is now very much global.<\/p>\n<p style=\"text-align: justify;\">According to a Nielsen survey, 28% of global respondents were willing to share or rent their electronic devices for a fee (respondents in Asia-Pacific were more willing to do so at 39%). Similarly, other items global respondents were willing to rent include power tools (23%), bicycles (22%), clothing (22%), household items (22%), sports equipment (22%), cars (21%), outdoor camping gear (18%), furniture (17%), homes (15%) motorcycles (13%) and pets (7%).<\/p>\n<p style=\"text-align: justify;\">Presently, P2P Crowdfunding is the fastest-growing sector of the Sharing Economy. This year, many anticipate China&#8217;s P2P financing market to surpass that of the US. Total P2P financing globally is expected to reach close to USD100billion this year, more than half of that from the US and China. (See also:&nbsp;<a href=\"https:\/\/ethis.co\/blog\/crowdfunding-grow-wealth\/\"><em>Crowdfunding: A New Way to Grow Your Wealth<\/em><\/a>)<\/p>\n<p style=\"text-align: justify;\"><img decoding=\"async\" class=\"alignnone size-full wp-image-118\" src=\"http:\/\/www.ethiscrowd.com\/blog\/wp-content\/uploads\/2017\/03\/3.jpg\" alt=\"\" width=\"1601\" height=\"690\" srcset=\"https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/03\/3.jpg 1601w, https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/03\/3-300x129.jpg 300w, https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/03\/3-768x331.jpg 768w, https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/03\/3-1024x441.jpg 1024w, https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/03\/3-624x269.jpg 624w\" sizes=\"(max-width: 1601px) 100vw, 1601px\" \/><\/p>\n<p style=\"text-align: justify;\"><strong>Definition:<\/strong> An online ecosystem of marketplaces (digital platforms and apps) based on the sharing of resources.<\/p>\n<blockquote><p>All things considered, I believe that the Sharing Economy brings<span style=\"color: #ff0000;\"><strong> immense benefits to society.<\/strong><\/span><\/p><\/blockquote>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Here_are_3_I%E2%80%99d_like_to_highlight\"><\/span><span style=\"text-decoration: underline;\">Here are 3 I&#8217;d like to highlight:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol style=\"text-align: justify;\">\n<li>\n<h3><span class=\"ez-toc-section\" id=\"A_shift_in_trust_to_Community\"><\/span><em><strong>A shift in trust to Community<\/strong><\/em>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>We are starting to trust each other again, most noticeably in recommendations and reviews of products and services. Presently, many marketplaces are regulated entirely by peer-reviews.<\/li>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Spreads_and_strengthens_Popular_Values\"><\/span><em><strong>Spreads and strengthens Popular Values<\/strong><\/em>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The online world is all about virality. Therefore, people tend to spread good things that resonate with their values.<\/li>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Moves_away_from_Individual_Gain\"><\/span><em><strong>Moves away from Individual Gain<\/strong><\/em>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>We have been living in a consumerist world that preaches personal gain and satisfaction. Sharing thus forces us to move away and appreciate collective\/societal benefit.<\/li>\n<\/ol>\n<p style=\"text-align: justify;\">For more information on the developments in Islamic finance, check out <a href=\"https:\/\/ethis.co\/blog\/islamic-crowdfunding\/\"><em>What is Islamic Crowdfunding?<\/em><\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.ethiscrowd.com\/register\/\"><strong>Subscribe to our blog to receive the latest articles. Be part of our strong community now!<\/strong><\/a><\/p>\n<p style=\"text-align: justify;\"><em>This is a featured article&nbsp;by Umar Munshi, the Founder and CEO of <a href=\"https:\/\/www.ethiscrowd.com\/?utm_source=blog-article&amp;utm_campaign=islamicfinanceserve2billionmuslims&amp;utm_medium=blog\">Ethiscrowd.com<\/a>. From time to time, Umar will shed light on various topics related to the crowdfunding industry, in a bid to share his thoughts with the community.<\/em><\/p>\n<hr>\n<p style=\"text-align: justify;\"><em><a href=\"https:\/\/www.ethiscrowd.com\/?utm_source=blog-article&amp;utm_campaign=sharingeconomy&amp;utm_medium=blog\">EthisCrowd.com<\/a> is the world\u2019s first Real Estate Islamic Crowdfunding Platform. Our international community of 20,000 private investors crowdfunds investments in entrepreneurial, business, trade and Real Estate activities in Emerging Asia.<\/em><\/p>\n<div class=\"rns\" data-title=\"Sharing Economy : 3 Real Benefits of the Sharing Economy\" data-tags=\"Crowdfunding,sharing economy\" data-categories=\"Crowdfunding,Top Posts\" data-comments=\"0\" data-date=\"1489332860000\" data-author=\"Admin\" data-single=\"\" data-url=\"https:\/\/ethis.co\/blog\/3-main-benefits-sharing-economy\/\"><\/div> <!-- Check out https:\/\/reactandshare.com -->","protected":false},"excerpt":{"rendered":"<p>Airbnb (home\/room sharing) is now worth more than Hyatt and Hilton Hotels combined. Uber (car sharing) provided 2 million rides a day and continues its &hellip; <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/ethis.co\/blog\/3-main-benefits-sharing-economy\/\">Read More &rsaquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":1177,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":""},"categories":[7,1985],"tags":[8,169],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/ethis.co\/blog\/wp-content\/uploads\/2017\/03\/elaine-casap-86020-1.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbDwgm-1T","_links":{"self":[{"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/posts\/117"}],"collection":[{"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/comments?post=117"}],"version-history":[{"count":1,"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/posts\/117\/revisions"}],"predecessor-version":[{"id":6662,"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/posts\/117\/revisions\/6662"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/media\/1177"}],"wp:attachment":[{"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/media?parent=117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/categories?post=117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethis.co\/blog\/wp-json\/wp\/v2\/tags?post=117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}