Understanding the Collaborative Economy

RYAN MAHONEY

Economy

Understanding the Collaborative

Proptech: What is it

Understanding the Collaborative Economy The collaborative economy, or shared economy, refers to a marketplace where the wants and needs of consumers are met by each other rather than by big businesses.

Most collaborative economies work with the assistance of a company or group that acts as a web-based middleman.

Examples of Collaborative Economies Top examples of collaborative economies include online marketplace Etsy, where sellers and consumers can connect with each other via a specialized e-retail platform; Uber, which connects passengers with drivers; Craigslist, which connects buyers and sellers across markets such as property rental and vehicle sales; and eBay, which was one of the first collaborative economy businesses to reach the public consciousness.

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Top examples of collaborative economies include online marketplace Etsy, where sellers and consumers can connect with each other via a specialized e-retail platform;

Ryan Mahoney

Collaborative platforms have been disrupting numerous business sectors for many years now.

Airbnb has altered the way consumers shop for holiday rentals, causing disruption across the hotel industry.

Disrupting Marketplaces Collaborative platforms have been disrupting numerous business sectors for many years now. Airbnb has altered the way consumers shop for holiday rentals, causing disruption across the hotel industry. Uber has caused significant changes to the service people expect from taxi-based companies.

Crowdfunding platforms, peer-to-peer online marketplaces, ride-sharing apps and online room rental services have resulted in major changes to multiple industries.

The collaborative economy is also affecting the global real estate market as a subsection of proptech.

Ryan Mahoney

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You can learn more about proptech by visiting the blog of Ryan Mahoney of Dubai, UAE.