The Sharing Economy - What else will be UBER’ing in 2050 ?

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Sharing economy and future

While production will continue gaining efficiency, business will always have a cost -- what’s important is staying adaptable. The greatest opportunity of sharing in my opinion is to make our world less wasteful. To make it efficient and more sustainable. A sharing economy (an economy based on cost sharing of some services) will help build sustainable economic ecosystem.
By 2050 I can imagine the following pillars actively involved in the sharing economy

a) People and Planet: This can be considered as heart of sharing economy. Airbnb being the best example of sharing economy in terms of people and their resources. We can imagine the world at 2050 with motive of Right thing @ Right Time by Right Person.

b)Communication and Culture: With Internet making the communication quick and efficient over the globe, we can imagine by 2050, many more people will cross intercultural barriers with the help of wireless technology doing all kinds of business wonders. For example, we can imagine professionals consulting CEO of companies from any corner of world making recommendations online using tools from Internet of things.

c) Products and Platforms: Sharing platforms will enable SMEs with little IT resources to find new ways to monetize their capacities and resources via sharing websites and generate an additional side income stream. Imagine Alibaba.com entering the sharing economy business model with aim to rent products owned by people, Alibaba can easily bridge the gap between demand and supply as they exactly know who wants what and what has what. All mergers and acquisitions happening in 2050 can be beyond our thought..


"The Sharing economy will surely add to GDP in coming years, but it won’t be able to make up for the recent economic downturn caused"
Francesco Daveri - Italian Economist

At the same time, even by 2050, technology wonders face another challenge: how to make sharing consistent with the varying degrees of competition that will likely continue to shape the operation of companies and countries. Manufacturing production will likely be - to a much greater extent than today - concentrated in a subset of the current locations. Which will generate political divides and social problems to be dealt with more internationally than at the level of national Governments. This will push the world to find political ways of cooperating more than today, in order to meet the future efficiency-enhancing opportunities and the other challenges in an uncertain scenario of which the Sharing Economy will be an important part.