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The Sharing Economy Lacks A Shared Definition

The Sharing Economy Lacks A Shared Definition | The Next Edge | Scoop.it

You may have noticed the terms “sharing economy,” “peer economy,” “collaborative economy,” and “collaborative consumption” being used synonymously. Ideas like “crowdsourcing,” the “maker movement,” and “co-creation” are being thrown into the mix. The space is getting muddy and the definitions are being bent out of shape to suit different purposes. So, do I think these terms have different meanings? Yes. Are their common core ideas that explain the overlap? Absolutely.

 

People have asked me why I have not publicly clarified this earlier. To be honest, it is hard to do so without being accused of trying to “defend” a term. The words used concern me less than how they are being defined, and the core meaning of the space being misunderstood. Definitions are hard, especially when they are trying to capture new ideas never expressed before. As Bertrand Russell famously once said: “Everything is vague to a degree you do not realize until you have tried to make it precise.” When I first began writing about this space nobody knew how big it might get. Its growth and expanding nature are, for the most part, a good thing but we need clear definitions that will enable us to move forward with a common understanding.

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ht @Zaq Mosher  https://twitter.com/wwjimd/status/406893277984849920

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Rachel Botsman: The currency of the new economy is trust | Video on TED.com

TED Talks There's been an explosion of collaborative consumption -- web-powered sharing of cars, apartments, skills.
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Polyeconomy - diverse types of coexisting economic systems

Polyeconomy - diverse types of coexisting economic systems | The Next Edge | Scoop.it

• currencies - They include mainstream currencies like dollar, euro, pound etc. As well as growing number of alternatives like bitcoin, ripple, LETS and more. They have in common creation of virtual artifact and attempting to use it for measuring people perceptions of values.


• barter - In barter people exchange directly without using any virtual artifacts like currencies. In most cases by just looking what each party has to offer and than simple exchanging it.


• timeshare - In timesharing communities people use a natural measurement - time. People consider everyone’s time having same value and don’t make up hourly rates as it often happens in currency based systems.


• shared benefit - Shared benefit systems make an assumption that if we decide to support something with our contributions. We care about outcome of such collective effort. By participating in them we have possibility of choosing how we want to direct certain share of such beneficial outcome. Collectives practicing it can use many various ways of assigning shares of created benefit to individual contributions.


• social karma - Various systems incorporating elements of trust and reputations related to concept of social karma In what we could consider its pure form, for our contributions we only ask for public confirmation of them. This way over time we build up a portfolio which we can later present to others. It can play very well in situations where we support causes which we find beneficial for everyone in general. Also when we want to share something scarce, like a round trip to the moon, we can take advantage of social karma in process of choosing to who we want to offer them.


• free sharing - This system requires no accounting at all. All transactions happen because we want to share and care about each other. As more and more goods we can make abundant it becomes much simpler to freely share them.


Via Christophe CESETTI
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Ferananda's comment, September 14, 2012 9:18 PM
Oh yes...polyeconomy in all levels of wealth. I love the beginning of the website. Can`t wait for more!
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Foucault and social media: life in a virtual panopticon

Foucault and social media: life in a virtual panopticon | The Next Edge | Scoop.it

By making our actions and shares visible to a crowd, social media exposes us to a kind of virtual Panopticon. This is not just because our activities are monitored and recorded by the social media service for the purposes of producing market analysis or generating targeted advertising. For the most part, we can and do ignore this kind of data harvesting. The surveillance that directly affects us and impacts on our behaviour comes from the people with whom we share.


There are no guards and no prisoners in Facebook’s virtual Panopticon. We are both guards and prisoners, watching and implicitly judging one another as we share content.

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How Trust Is Built in Peer-to-Peer Marketplaces

How Trust Is Built in Peer-to-Peer Marketplaces | The Next Edge | Scoop.it

As the sharing economy continues to gain momentum, the importance of security and trust between users is becoming increasingly apparent. Not only the Airbnb incident in June 2011 or the shutdown of the luxury carsharing company HiGear have shown that peer-to-peer (P2P) marketplaces involve higher risks than business-to-consumer e-commerce. The key advocates of the sharing economy Rachel Botsman and Lisa Gansky have also identified “trust between strangers” as a necessary foundation for the functioning of P2P asset-sharing marketplaces. While the existing reputation systems such as eBay’s rating system may have been sufficient for e-commerce, the newer P2P platforms, such as car or flat sharing, require more complex trust systems. Since acting anonymously is far easier on the Web than in real life, P2P transactions also call for some type of identity verification, that confirms that you are who you say you are. Having recognized these issues, several entrepreneurs in different countries have begun to build portable cross-platform trust and identity systems meant to facilitate the sharing of assets between individuals, such as TrustCloud, Briiefly, Legit and Peertrust.

 

 

http://trustcloud.com/

http://briiefly.com/

http://legit.co/

http://peertru.st/

 

By Francesca Pick

Sharable

Image by opensourceway on Flickr.

ht @wwjimd

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Carsharing saves U.S. city governments millions in operating costs - O'Reilly Radar

Carsharing saves U.S. city governments millions in operating costs - O'Reilly Radar | The Next Edge | Scoop.it
Whether it's co-working, bike sharing, or cohabiting, there are green shoots throughout the economy that suggest the ways we work, play and learn are changing.
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Occupy Big Business: The Sharing Economy's Quiet Revolution

Occupy Big Business: The Sharing Economy's Quiet Revolution | The Next Edge | Scoop.it

"This new shared market economy is being driven by a quiet revolution: the millions of Americans who no longer want to prop up our faltering economy with endless and thoughtless consumption.

 

They recognize that hyper-consumption is no longer an option, both because it's not sustainable and because they have less money to spend. Instead, Americans are starting to spend their limited income in a responsible, thoughtful, and connected way. They want to feel good about where their money is going."

 

via theatlantic.com

ht @DavidHodgson

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Shareable: Governance of Open Source: George Dafermos Interview

Shareable: Governance of Open Source: George Dafermos Interview | The Next Edge | Scoop.it

In my opinion, the sharing economy has been feeding on and catering to some fundamental human needs and desires since the very dawn of civilisation. That does not mean it is not related to peer production. On the contrary, peer production reinforces collaborative consumption and the sharing economy. It does so in two main ways. It creates and evolves technological infrastructures which transform the scope of increasingly more activities and the context in which they take place, thus turning them into peer activities.


To illustrate, consider how users of P2P file-sharing networks have redefined the consumption of cultural goods like music as an essentially peer activity. Most readily visible, however, is the way in which peer production promotes the sharing economy by means of enriching the commons. If we think of the commons as a shareable economic infrastructure, then we can see clearly how peer production liberates the sharing economy from constraints long imposed upon it by exclusive property regimes.


George Dafermos from Delft University of Technology has been one of the few researchers specializing in the governance of free software communities and, thereby, has established more clear criteria for genuine peer production.

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Shareable: Co-opoly Envisions a New Path for Making & Sharing

Shareable: Co-opoly Envisions a New Path for Making & Sharing | The Next Edge | Scoop.it

Co-opoly is a new board game about cooperatives that used crowdfunding and fair trade in its production.


Crowdfunding, coworking, and open source have remade the world in substantive, meaningful ways and changed the course of how we conduct creative projects and business transactions alike. At the Toolbox for Education and Social Action, we put these new models to use making the widely celebrated board game, Co-opoly: The Game of Cooperatives. In less than a year, we’ve sold nearly 1,000 copies of Co-opoly to people in 20 countries around the world, which surpassed our wildest expectations. Like the models that inspired us, Co-opoly also tries to break the mold, redefining how we learn and play, and especially how games are made.


Via Rick Passo
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Sharing lessons on inclusive business - The Practitioner Hub - Business Fights Poverty

Sharing lessons on inclusive business - The Practitioner Hub - Business Fights Poverty | The Next Edge | Scoop.it

“Sharing knowledge is not about giving people something, or getting something from them. That is only valid for information sharing. Sharing knowledge occurs when people are genuinely interested in helping one another develop new capacities for action; it is about creating learning processes.”


Peter Senge, Center for Organizational Learning, MIT Sloan School of Management

 

Collaborating, innovating, asking hard questions and learning from others....are all vital ingredients for successful inclusive business. Every inclusive business project is unique but many of the opportunities, risks and challenges it faces are not. And every project, whether it succeeds or not, will provide a wealth of understanding that can be used to inform and improve future ventures.

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Hacking Home: Coliving Reinvents the Commune for a Networked Age

Hacking Home: Coliving Reinvents the Commune for a Networked Age | The Next Edge | Scoop.it

Here, “home” is reinvented with a new purpose. It’s a community, an ethos, a series of opportunities for collaboration. And while most young professionals are flocking to urban centers like San Francisco to live in modest apartments, some are building a new American dream in once empty suburban McMansions and luxury downtown digs. In this new scheme, your network isn’t just your Facebook friends or business contacts; It includes your friends, influencers, ad hoc family, and your shared home.

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Money as gift vs monetizing our gifts

Money as gift vs monetizing our gifts | The Next Edge | Scoop.it

This is an inquiry I have been in for some time. More and more we are seeing the rise of a sharing culture in the world. Thanks to being globally connected now, and facing the same challenges all around the world, we are waking up to the potential of sharing information, resources, ideas, networks, and more. Open source everything is springing up all around the world, from open source software, to time banks, to skill-share to wikipedia to ride-share.

 

Yet, when it comes to money, we are still fearful, we are still hesitant. In most cases we’re willing to share our time, our ideas, our presence but not so much the money. There’s still such complex social and emotional baggage around it. It’s almost the pinnacle of our attachment to our separation, a kind of primitive survival fear and all the social construct – assumptions and beliefs – around money – If I have money, I am powerful. If I don’t have any, I am a failure.

 

By Filiz | Brave New World - stories from the new paradigm

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Shareable: San Francisco Announces Sharing Economy Working Group

Shareable: San Francisco Announces Sharing Economy Working Group | The Next Edge | Scoop.it

Mayor Edwin M. Lee of San Franciso announced today the formation of The Sharing Economy Working Group, the first of its kind in the U.S. and perhaps in the world. The purpose of the working group, "is to take a comprehensive look at the economic benefits, innovative companies and emerging policy issues around the growing 'sharing economy'”. This could catalyze other cities to take similar action.

 

By Neal Gorenflo

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The key to global prosperity: worker ownership

The key to global prosperity: worker ownership | The Next Edge | Scoop.it

"Shared ownership helps diversify rather than concentrate wealth – which is what we desperately need to do to revitalise our economy. It roots the value it generates in communities, keeping assets and resources from being transferred from local communities and low-wage employees to multinational corporations and their owners."

 

via guardian.co.uk

ht @DavidHodgson

 

 

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