Redefining Value, Ownership, and Exchange with the Sharing Economy

Post on 02-Jul-2015

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In an age of sharing, increasing efficiency, and access over ownership, we’re in a new era where business is being restructured from the inside out, fueled by technology and a cultural shift toward decentralized models. The way that people interact and transact is changing. While the new sharing economy is currently being built on top of old models, there are ways that we can align incentives with value, creating more egalitarian structures. I will talk about a few of the ways I see this happening and talk about my research on the ground with the practical side of understanding the providers and participants in the sharing economy through writing It’s a Shareable Life.

Transcript of Redefining Value, Ownership, and Exchange with the Sharing Economy

It’s a Shareable Life Life & Work in the Sharing Economy

@chelsearustrum#openhere

Dublin

My Work in Sharing Economy

The Book Was Crowdfunded

What is the Sharing Economy?

Types of Exchange

How the Definition is Used

Collaborative Process

Building Community

Is it Really Sharing?

A Step in the Right Direction

Redefining Value, Ownership, and Exchange

The Future of Sharing

• Is it currency?

• GDP?

• Work?

• Flexible time?

• Access to stuff?

• Food and warmth?

• Health and safety?

• Love and community?

• Happiness?

What is Value?

Bhutan Measures GNH: Gross National Happiness

• Money/Currency

• Gifts

• Points

• Pay-it-forward

• Barter

• Swapping

• Renting

How Can Value be Exchanged?

Started with land/property - use of resources no longer available to all, but rather “owned”

agricultural settlement spurred this change

What is Ownership?

"The earth is the general and equal possession of all humanity and therefore cannot be the

property of individuals."

- Leo Tolstoy

Gaia Theory !

The Earth as a Living Organism

Ubuntu !

I AM BECAUSE WE ARE.

Why the sharing economy is a good thing…

• Time

• Space

• Resources

• Stuff

• Transportation

• Knowledge

#1: The Sharing Economy Reveals an Abundance of Value

#2: The Sharing Economy Creates New Opportunities for Generosity

“Generosity Can Be Contagious”- Time Magazine, 2010

Place to sleep Novel experiences

Mobility Learning

Human connection

#3:The Sharing Economy Refocuses uson Access and Experiences

Anyone can be a:

• Maker

• Hotelier

• Cab driver

• Artist

• Crafter

• Author

#4:The Sharing Economy Creates a Mentality of Participation

• Open source

• Creative commons

• Crowdfunding

• Crowdsourcing

• Crowdgifting

• Commoning

#5:The Sharing Economy Promotes Social Collaboration

1. SoftwareOpen source, replicable peer-to-peer networksCrowd everything

2. Currency Alternative exchangesInternational, decentralized, digital currency

3. Legal Models & Infrastructure CooperativesShareable Cities

How Can We Use Sharing Economy Values to Create Lasting Change?

Who Will Protect the Workers of the New Economy?

Cooperative Model with Sharing Economy Company: Loconomics

"A platform helping with self-employment shouldn't be owned by the 1 percent," he said. "We're at a crossroads where technology exists to help the common worker break free from traditional

employment models. I felt it was important it be owned by the workers.” - Josh Danielson, Founder of Loconomics

Freelancer-Owned Cooperative

!3% transaction fees Freelancers get vote

and own shares

Venture-BackedStartup

!20% transaction fees Decisions made by

the board !!

“We know a whole world of pressing social problems can be improved by peer networks, digital

or analog, local or global, animated by those core values of participation, equality and diversity.

!

That is a future worth looking forward to. Now is the time to invent it.”

!

Steven Johnson Future Perfect

Get in Touch

ShareableLife.com !

@chelsearustrum rustrum.com

chelsea@rustrum.com