Sharing Economy

1.What is Sharing Economy:

The sharing economy is to supply surplus resources in the society to those who need resources through the platform, so as to transform the original sharing between individuals into an institutionalized business model. There are four basic definitions of the sharing economy:

 1. The remaining resources Value maximization 

2. Increase product cycle through distribution 

3. Collaborative lifestyle 

4. Strive for self-liberation, 

in fact, there are many examples of sharing economy in life, such as renting out your spare house to others, or using your own Cars to transport others… These are the common sharing economies in our lives.

In 2010, <<Time Magazine>> listed the sharing economy in the “Top Ten Ideas That Will Change the World”, the world has fallen into the trend of sharing economy, and more and more companies operating in the sharing economy have appeared. Many countries have also encouraged their own countries to develop the sharing economy. According to statistics, there are already more than 200 start-up companies using the concept of the sharing economy. PWC and Sheng Dean also predict that the global economic output value of the sharing economy will break through in 2025. At $335 billion, the sharing economy has long become a new trend in the world.

2.Benefits of Sharing Economy:

The difference between the sharing economy and the general transaction is that the sharing economy is the reuse of redundant social resources or resources that we usually do not use again, while the ordinary transaction is not. The general transaction is for the needs of purchasing. Re-manufacturing a product, so the sharing economy can get additional benefits over ordinary transactions. YouBike has now become a world model of shared bicycles, and YouBike is a kind of sharing economy. YouBike rents orange bicycles to citizens in need at a preferential price, so that those who need short-distance mobility do not need to spend any more money. If you spend a lot of money to buy a bicycle, you can use a preferential price to meet your own needs. This is one of the reasons why people like YouBike so much. Getting what you need at a more favorable price is also one of the characteristics of the sharing economy.

3.Challenges:

On July 11, 2016, taxi drivers in Taiwan went outside the Legislative Yuan to protest against Uber’s violation of Uber’s violation of the regulations. This incident reflects the problem of the sharing economy in Taiwan. There is no perfect system. When innovative industries appear one by one, what will we do? Protect those old industries? When the sharing economy flourishes on the Internet, how can we protect the personal data of users? In the face of all this, what should the law do? These are all issues that I still need to solve.

4.Successful Cases:Uber、Airbnb…

With the trend of the world, many sharing economy industries have emerged in Taiwan, such as Uber, Airbnb, WeMo, YouBike, GoGoVan, etc. At present, Taiwan’s sharing economy is divided into three categories: transportation sharing, Space sharing and living applications.