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What is Collaborative Consumption and How Does It Work?
Collaborative consumption (CC), also known as the sharing economy, is a growing form of exchange that involves three key actors: the platform provider (e.g., Uber), the peer service provider (e.g., an Uber driver), and the customer. The platform's primary role is to connect customers with peer service providers, enabling access to shared assets ...
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Could collaborative consumption be the cure for our throwaway culture? From rideshares to designer handbags, power tools to luxury getaways, the sharing economy is rewriting the rules of how we consume. Rob Chan, managing director of car-sharing platform Turo, believes we're on the brink of an ownership revolution. "The average power drill is only on for 13 minutes of its life. You don't want the power drill; you want the hole in the wall," says Rob. How do we get the benefit of having the end r
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