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Sharing Economy

The sharing economy has been on a sharp rise in the last decade. From vacation rentals to logistics, traditional companies can no longer rely on old business models to satisfy customer needs.

Among other sharing economy-related work, we’ve already built platforms for the first Lithuanian car-and-bicycle sharing company CityBee and solutions for the P2B lending platform Lendico.

Now, we're ready to help you build technological solutions to make your business more efficient, effective, and trusted.

From survival to sustainability

While most sharing businesses are still going through the transition to sustainability, the sharing economy seems to be on the right track.

420 sharing economy startups raised $23 billion in 2016. (BCG Henderson Institute, 2017)
Funding for B2C sharing ventures is on the rise, led by workspace, storage, delivery, and fashion startups, followed by B2B sharing economy models (BCG Henderson Institute, 2017)
Revenue from the global sharing economy is set to reach $335 billion by 2025 (PwC UK, 2014)
Trust is crucial for sharing economy companies. Research shows that confidence in a platform helps build trust in a provider.

Choosing the right technology

The sharing economy depends on customer trust and regulation, making no room for error. For businesses that rely on thousands of contractors, that means being able to handle huge data spikes, 24/7 real-time monitoring, state-of-the-art payment systems, and impeccable quality assurance processes.

Blockchain technology and smart contracts can offer new standards for sharing economy businesses, while the Cloud enables users to access, share and rent just about anything. Hence the experts predict a future of Everything-as-a-Service (XaaS). All these things can have a tremendous positive impact on the industry, but only if used right.

Let's talk about your opportunities and implementation of the right technology for your sharing economy business.