Sharing is “crazy”, will it become the next standard in theaters?

As a cinema format, its mission goals are nothing more than two sources. One is to directly generate revenue, and the other is to support the flow of cinema. So can theater sharing products do it? For theaters, the focus of shared products is not profitability, but traffic introduction.

In China, from shared bicycles to shared cars, from shared KTVs to shared power banks… On the vent of the sharing economy, it seems that any object around you may become the next shared target. This also confirms the view of Kevin Kelly, a technology business predictor: In the future, having the “right to use” resources is more valuable than having “ownership”, and more things will be shared in the future. As for the cinema with a relatively concentrated population, it has naturally become one of the best places for the sharing economy to land.

Personally, the essence of cinema “sharing” is a new type of cinema format in the Internet era. Why do you say that? Let’s first take a look at the currently popular sharing economy products in the cinema market.

Shared massage chair

Generally placed in the theater hall, with multiple units neatly arranged side by side. In use, the massage chair does not need to download the APP, and the user can experience it by scanning the QR code to pay. Based on the data from various interviews, In addition to the massage function, some seats can also be equipped with a USB interface, which can scan the code to charge the mobile phone.

Shared power bank

The operation process of this device is similar to that of a shared bicycle. After scanning the QR code and paying a certain amount of deposit, the charging treasure can be taken out of the machine. There are three main charging models: charging is free, and the source of income depends on advertising. It can be used by users for free, but the corresponding APP must be downloaded when connecting. A series of advertisements will be pushed on the APP, and the company relies on this business model to make profits; the charging fee model. After the user scans the code and pays, it can be plug and play, one yuan an hour, no deposit is needed, and there is no mandatory advertisement push; the rental mode, charging is free for a limited time.

Sharing KTV

miniKTV, also known as “shared KTV”. When using, you need to log in with WeChat before you can record songs. The recorded songs will be saved under your WeChat account, such as Youshang, MiDa, and other accounts. It supports single or album creation to share with friends and share to Circle of friends.

This combination of offline karaoke mode and Internet sharing and entertainment is undoubtedly a factor in attracting users. The new generation of young people in the city can find a shared KTV when they are shopping, and sing as much as they want. They can also sing two songs to kill time during the time between watching a movie and waiting for the opening of the screening; and the whim of singing can also be used. Just pull a companion to scream.

In addition to the above-mentioned shared products, there are also shared gyms, shared umbrellas, shared sleeping bins, shared parking spaces, etc. on the market. Regardless of the form of sharing, they have several things in common: connect the product and the cloud with Internet technology to achieve Unattended and mobile payment; this kind of business model has low investment cost, low technical content, and is easy to be copied; effective integration and utilization of resources, more aspects of people’s lives. This also corresponds to what we said earlier that the essence of cinema “sharing” is a new type of cinema format in the Internet era. As a cinema format, its mission goals are nothing more than two sources. One is to directly generate revenue, and the other is to support the flow of cinema. So can theater sharing products do it? First of all, from the point of view of the profit model, shared products are paid by scanning codes to obtain profits, but the form of scanning codes involves personal privacy, so that the user’s information security cannot be guaranteed and may be resisted by everyone; plus public equipment damage The probability is high, and the cost of equipment maintenance is high. In this way, it is faced with the dilemma of unclear profit model.

For theaters, the focus of shared products is not profitability, but traffic introduction.

Wang Wenhao, Dean of the Optics Valley Branch of Pattern Business School, said that for any shared project to succeed, at least three conditions must be met: customer needs, market space, and frequent use.

Take the shared power bank as an example. First, the charging demand itself is just high frequency. Except for fixed places such as home/office, other mobile situations, emergency situations and other charging must use the power bank, plus the basic power of the smart phone. It is difficult to fully support a day’s power. The power bank itself does have a very large demand. The market is there, the users are mature, and the demand is large; second, the power bank itself is heavy and bulky, and it is not like a cosmetic bag or The wallet also has a certain degree of personalization and identity identification, and its practicality is more obvious, so it is more likely to be shared; third, the power bank itself is easier to manage and quality control than a bicycle, etc., damage, battery usage, etc. Easier to be detected. Because of this, shared products such as these are bound to be favored by the audience, which is undoubtedly an effective entry point for attracting traffic. With traffic, the box office is half done.

In the author’s opinion, the sharing format based on the Internet era is the future development trend of cinemas. If the theater fully explores the idle resources in some sub-sectors and the general needs of consumers, and treats them as a commercial format such as selling products, and bundles it with movie tickets, making it a kind of theater icon It’s not a bad idea to match it.

The development trend of shared power banks

High quality shared power bank

The current situation of the shared power bank market

In China, on December 13, 2017, the shared power bank was selected as one of the “Top Ten New Words in Media in 2017” released by the National Language Resources Monitoring and Research Center. In August 2014, Laidian Technology was established, and then there were successive entrants. Looking back on the development of shared power banks in the past few years, from being questioned, criticized, and shuffled last year. After the wolves broke out, the four hegemons of the world were formed: incoming calls, street electricity, small electricity, and monsters. As we all know, the shared power bank was born because the current mobile phone battery technology cannot keep up with the development of other mobile phone technologies. After several rounds of industry reshuffle, the current profit model of shared charging treasures is roughly the three types of deposits, leases, and advertisements. Among them, due to the widespread use of similar credit points such as Sesame Credit and the impact of the deposit incident of ofo shared bicycles, this income has been greatly reduced. With the advent of the 5G era, high-power network transmission directly challenges the endurance of smartphones. According to Professor Yao, a well-known scholar in the electrochemical field of a university in Shanghai, “The current lithium-ion battery technology research has been at a bottleneck stage for a long time, and the current lithium battery performance is very close to the theoretical value. In other words, the current lithium battery performance will slowly improve. However, a significant performance leap is currently impossible to achieve. At least in the next ten years, lithium batteries will still be the mainstream choice in the field of consumer electronics batteries. It can be seen that if you want to stand out in this industry and lay a solid foundation, you have to enhance product development and operation capabilities. Scan code to rent a shared power bank.

LED screen
USA-Powerbox

Current status of the shared charging line market

With the advent of the 5G era, smart phones consume more and more power, and there is a great demand in the charging market. People’s demand for “fast charging” of shared charging devices is even more urgent. Shared power banks have formed four hegemons, and latecomers can hardly get a share of the pie. The shared charging cable just meets this demand of the shared charging market, and the shared charging cable that supports fast charging allows you to keep your mobile phone for a while while drinking a cup of coffee. The shared charging cable not only fills the gap in the shared charging market, but also extends the needs of the shared charging market. “Charge for five minutes and talk for two hours.” Instead of hanging around with the shared charging treasure for an hour or two, it is better to have a cup of coffee in a coffee shop and use the shared charging cable to quickly charge for a while. Shared charging cables are mostly used in some room-style scenarios: hotels, ktv, partying, massage…The investment and maintenance costs are low. Compared with shared charging treasures, the entry barrier is greatly reduced. The problem of patent proliferation and confusion in the shared charging market needs to be paid more attention to before entering the market. After all, there is a lesson from the past that there is a patent dispute over the street power of the shared charging treasure. Shared charging cable

Outlook for the shared charging market

With the development of mobile phone wireless charging, more mobile phones support wireless charging, so in the future shared charging market, wireless charging will become the next trend of shared charging. Beijing Wangfujing McDonald’s Future Smart Restaurant has installed shared wireless charging equipment. It is not difficult to see that the shared charging equipment is constantly updated and iterated. The iterative update of hardware is the core, so how to maintain this group of users and form a new profit model? It is undoubtedly a good idea to carry Saas software on shared charging devices (such as 16C shared chargers and 16C coupons). No matter what the platform and service, in an era when traffic is king, these invisible hands are playing quietly. Play his role. The attempts of multiple profit models and applications in various small scenarios need to be based on a huge user base. From the free use of 360 anti-virus software to platform advertising revenue; There are friends who want to do this, contact the editor, a variety of cooperation methods, whether acting as an agent or a platform, and many other options, look forward to your joining

WHAT IS THE USE OF POWER BANK?

1)Do you know the benefits of power banks?

A power bank helps you charge your smartphone on the go.

Mobile phones are extremely important to every single one of us. We are all users of smartphones and depend heavily on these gadgets for almost every single thing we do on a daily basis. we also order food online or reserve tables in restaurants; we book hotel rooms using our smartphones and get directions to places using our phones. There are way too many uses of smartphones to enlist. We often encounter low battery signals while on a bus or public transport where there is no charging point available. Also, at times, power cuts leave us with dead phones and no outlets to charge them in. It is thus, to this effect, that we need power banks.

A power bank can help you charge your smartphone, mp3 player, mp4 player and even laptop on the go as soon as you are about to run out of battery. The device is useful since it reduces your dependency on the availability of an electrical outlet to charge your phone and helps you stay connected at all points in time.

You must only buy a power bank that has at least as much capacity as does the battery of your phone or the device you intend to charge with it so that you don’t have to charge your power bank in between while you are still charging your device.

The power bank is the need of current era, as we all know that how fast the time is rotating and mobile phone is one of the basic needs these days, and charging it is one of the common problems we face every day. So power banks are the external battery or chargers for electronics devices, which helps us to charge our mobile phone when there is no electricity around. Few things we should keep in mind while buying a power bank. One common thing is mah, the higher mah of power bank is the long run it will charge your device. Do compare its weight, size, USB ports, brand and charge limit.

power bank station
power bank station

2)Where is power bank made from?

Majority of the power banks in the market are actually made in China

3)How do I charge the power bank?

You can charge your power bank via the charger that came with your phone, computer usb port or using other power bank.

4 )How long do I need to charge the power bank?

It’s depending on the REAL CAPACITY of the power bank. The larger REAL CAPACITY, the longer charging time may required. Different charging methods may result different charging time as well. Charging with the original charger will be faster than charging with computer usb port.

5)why you should buy a powe?

because…

its a portable chage

you can use it everywhere and anywhere.

(sometimes) its smaller than a phone.

Electric Bike

Electric Bikes

Electric Bike

An E-bicycle is a bike with Electric Motor to help you along. You ride it much like you ride an ordinary bike, however with less exertion.

Extensively, there are two sorts of e-bicycle.

‘Production line’ E-Bicycles are bicycles that planned from the beginning as e-bicycles: our range incorporates Mongoose, DiamondBack, Faraday and others.

 We offer a Lekkie Motor unit, which we can fit on a considerable lot of the bicycles we stock, or even introduce alone bicycle.

Both of these kinds of e-bicycles can come in numerous styles, from worker bicycles to full-suspension Mountain bicycles, and everything in the middle. Our emphasis is on urban and freight bicycles, utilized for driving, transport, or delight. With that in mind, we stock bicycles that have an emphasis on quality, are lovely to take a gander at and will keep going quite a while.

An E-bicycle Motor works via consequently exchanging on the (tranquil) Motor when you pedal. There are two distinct sorts of Motor: Motors that are in the wheel center point, and Motors that are in the wrench. The two sorts have their upsides and downsides – everything relies upon the kind of riding you’re anticipating doing.


When in doubt, wrench Motors give an increasingly legitimate bike involvement. This is on the grounds that the Motor detects how much power you are putting into the pedals (utilizing a torque sensor). And reacts relatively (that is, the harder you pedal, the more the Motor encourages you).

This makes you have a feeling that you have extra solid legs! Wrench Motors will, in general, be more responsive than wheel center point Motors, and enable the bike to move all the more openly without the extra drag of a Motor in the center. We stock a few e-bicycle models with wrench Motors made by Bosch and the German-delivered Impulse. We additionally offer a wrench Motor pack: the Lekkie Summit.

Do you want to know what the best electric bike is?

I think you’ll agree with me when I say:

It’s REALLY hard choosing the best electric bike with all the available options.

Or is it?

Well, it turns out that after years and hundreds of hours of testing & reviewing. We have strong opinions about what makes the best electric bike (you can read my full review here).

That said, the first thing you should know about electric bicycles is that they’re here to stay. Electric bicycles are also known as e-bikes are bicycles with an integrated motor which can be used for propulsion. While many kinds of e-bikes are available worldwide all of them still retain the ability to be pedalled by the rider. A trait that differentiates them from electric motorcycles.

With the advent of e-bikes. One of the many questions that is often asked is what is the best electric bicycle?

There are many components that help determine the quality of an e-bike. Among them are motor power and weight capacity, battery life and capacity, maneuverability, comfortable rides, fit, safety and of course, the cost.

Electric Bikes
Electric Bikes

Cyrusher Mountain E-Bike has excelled in all of these features and many more. It is a fat tire e-bike that has drawn a lot of attention and many compliments.

• It comes with adjustable handlebar and seat post, suitable for rider height around 5’4″-6’7″. 4-inch wide fat tires have great tread providing great traction best for cruising over sandy or snowy terrains and enjoying the ultimate electric biking adventure.

• These e-bike is equipped with Cyrusher 500W motor and 48V lithium battery. You will reach maximum speed of 20mph, max distance up to 25miles.

• Cyrusher fat tire electric bike has 3 working modes, E-bike, Pedal Assisted & Normal Pedalled. You can do nothing and have power assist kick in every 10 or 15 seconds keeping you up to speed or set your throttle to a speed you like and pedal or not pedal as you like.


Can you explain the Chinese “sharing economy” phenomenon?

power bank rental service

Can you explain the Chinese “sharing economy” phenomenon?

Real sharing economy companies like ride-hailing platform Didi Chuxing and Airbnb-like vacation rental platforms Xiaozhu and Tujia have been around for some time in China. Like their American counterparts, the sharing economy players that exist nowadays are, by and large, firmly established and either dominate the markets they are in or are locked in duopolistic competition with domestic or international rivals.

First, let me say that there’s two kinds of “sharing economy” in China: There’s the normal kind of sharing economy typified by pioneers like Uber and Airbnb who distribute shared goods and services but do not actually own them.

The latter is the kind that you hear about often in tech media: bike sharing, power bank rentals, basketballs, and sex dolls (yes, really). The list goes on and on, and a lot of money (to the tune of $247 million in Series A funding between April and May 2017)[1] has been spilled to capture value in this thriving new space.

And now, back to the pseudo-sharing economy, which is really where the action is at. While the normal sharing economy model in China is generally similar to that in the West (give or take some aspects like China’s high-competition dynamics), the pseudo model is uniquely Chinese in several ways. A good way to understand these distinctions is to compare this with the sharing economy outside of China.

sharing economy
sharing economy.

A. Competition 1

Competition is high for normal sharing economy players like Didi Chuxing and Tujia, but for the new class sharing economy startups. extremely high. Let’s take dockless bike sharing — a “last mile” solution where users can scan a QR code on bikes to unlock them.

And leave it anywhere in the city (it’s also one of China’s “four great new inventions” along with the high-speed rail and Alipay.)

In a recent count, there are 40 bike sharing companies operating in China, with ofo and Mobike as the leading players.

If you can imagine forty startups, many with venture funding in the tens of millions U.S. dollars. Battling to control key Chinese cities like Beijing or Shanghai in less than two years. Then that’s the kind of competition that exists for bike sharing and other similar sharing schemes. China’s formerly third-largest bike sharing startup that raised $90 million, shutting down.

Competition 2

One morning recently in Shanghai, I caught a glimpse of some suspicious behavior. I was walking down a tranquil, tree-lined street when a muscular man lumbered past carrying two orange-and-silver Mobikes. As he swept by, a wheel touched the ground and set off an alarm, causing him to heave the bikes even higher in the air. The man was not a bike enthusiast, but he wasn’t a thief, either. As I watched him slip down a side alley and emerge moments later empty-handed. I realized that he was a foot soldier in the bike-sharing wars, dumping competitors’ bikes in hard-to-find places. Rounding the corner, I saw the result of his handiwork: a sea of bikes in almost every hue. Yet not a single orange-and-silver Mobike was in sight.[4]

Given the winner-take-all nature of the sharing economy. Competition is definitely high for American startups in this space, doubly so in the case of Uber vs. Lyft. But outside key shared assets like cars and homes. Many of the sharing economy failures were due to lack of product-market fit rather than direct competition.[5]

Bike-sharing gone bad

power bank rental service
power bank rental service

B. Backed by Tech Giants and the Government

Another unique characteristic of China’s pseudo-sharing economy is that it’s backed by two very powerful forces: Tech giants like Alibaba and Tencent and the government. China’s largest Internet companies will begin pouring money it. For example, ofo’s $700 million funding round led by Alibaba and Mobike’s $600 million round led by Tencent. Then there’s the government, which set a new policy framework to spur the growth of the sharing economy. Deemed important to the national economy.

For the American counterparts, venture capital funding rather than strategic investments from large tech companies has been the pattern (outside of Google Venture’s investment in Uber. Which is part of a long, complicated relationship than a strategic one.) And more than once government and municipal regulators have thrown a wrench in the plans of sharing economy companies.[8]While the Chinese sharing economy is blessed with the tailwinds of large big tech and government backing, those in the American sharing economy are often flying solo with themselves and their investors.

You probably won’t see this happening in China

C. Lack of Trust

Traditionally, the sharing economy works only if there’s trust, often enabled or enhanced through technology. Why would I take a ride in your car or sleep in your house if there’s even 0.1% of getting murdered, just like in the movies? American startups have circumvented this issue of stranger danger through technology. Such as a review system or careful background checks for sharing economy participants. Using Ben Thompson’s Aggregation Theory. These companies have commodified trust, while psuedo-sharing economy startups in China haven’t for the most part.

That’s why you see stories like a bike sharing company going bust after losing 90% of its bicycles or an umbrella-sharing company losing almost all of its 300,00 umbrellas. Or Bluegogo’s controversial shutdown without paying back the $15-$45 deposits back to its users. Both sides, the companies and the users. Suffer from a lack of trust, which would mean death for these companies without technological interventions. Mobike bicycles feature GPS location to prevent theft. The fact that you have to use a QR code to use “shared” goods and services allows companies to track user data and penalize bad users. Even to the extent of negatively affecting users’ social credit score and limiting their chances to apply for a loan,

In fact, I see China’s QR code revolution as largely responsible for allowing the pseudo sharing-economy startups to exist in the first place. Much like how the smartphone made ride-sharing possible from getting picked up thanks to accurate GPS location to trusting that the driver will get to your destination with the help of Google Maps

D:Achieve sharing economy

QR codes enabled Chinese users to get exactly what they want with low risk of being tricked. Whether it be a bike or an umbrella, simply by scanning a QR code. That you can put a QR code on literally anything means that many things will. And already have, become sharable goods. So while a lack of trust is a barrier in China’s pseudo-sharing economy. That doesn’t mean that certain Chinese innovations can’t address those concerns — and even create better conditions for sharing.

Last but not least, Chinese people like to share

In a survey, 94% of Chinese internet users said they would like to share with others over the Internet. Which is the highest rate among all countries. From cultural aspects such as sharing food with everyone at the dinner table to communal sharing during Mao’s China, sharing is at the heart of China’s social fabric. This deep-seated social practice combined with technology has created the sharing economy phenomenon in all its forms in China today. It’s not only an extremely large sector of China’s economy with $500 billion in transactions among 600 million Chinese. But it’s also a tremendously exciting trend that is probably already shaping the future of Chinese lifestyle.

Why aren’t there more public smartphone charging stations?

Phone Charging Stations

Why aren’t there more public smartphone charging stations?

Heres why…

No one carries a charger with them unless they have a powerbank with them in which case a charging station would be useless.

Phones like mine have giant batteries ranging from 3000mah to 6000mah in most cases. This is enough to last through the day.

No one wants to stand around the same spot for hours just to charge their phone.

It may cost a bit of money which wouldnt be worth it as it costs pennies or less to charge a phone.

Why would there be? Smartphones use a miniscule amount of power, and a portable powerbank provides additional power. How much would you pay to charge your phone? And what would you do for an hour while it is charging? Many coffee shops have outlets where you can plug in your charger for free. Airports, too. And your vehicle.

What is the best entrepreneurship program for young people?

12 slots power bank

What is the best entrepreneurship program for young people?

If you are searching for the best entrepreneurship program for young people or youth then you should try Maytree School || sharing power bank

Long-ish answer so TL;DR: Staying in school and getting a job is much less risky than becoming an entreprenuer.

30%[1]–80%[2]of businesses fail in the first two years. Some sources say 96%[3]fail within ten years.

So yes, entrepreneurship is an inherently risky option. Especially if you’re unskilled and inexperienced, as you mentioned.

There’s good reason university is the more trodden path, despite what those business guys (who are trying to sell you a program) on youtube and facebook say.

(Aus. Statistics) 70%[4]of uni grads find full time employment within four months of graduating. Of course, this varies based on the degree, from 46%[5](arts) to 95+%[6](pharmacy).

shared economy
shared economy

So what should you do?

My opinion: Get educated. Get a job. Gain experience. Once you’ve established youself somewhat, if you have an idea or passion you wish to pursue. Test the water on the side. If the market responds well, then you can consider taking leave to test further. And finally, resign from your job to go all in.

This is probably the safest. Most risk averse way to go about it (other than just never leaving your career at all). This way you (hopefully) won’t be left stranded in case things go bad. And you still have your education and experience to fall back on if, as statistics would predict, your business fails.

Of course, if you’re not concerned about risk, can afford to sacrifice some time and are super keen to get into it, by all means, go ahead and start your business today.

I wish you good fortune and all the best in your endeavours.

What are the successful business models of today?

power bank station

What are the successful business models of today?

There are two main things that a business must do to succeed: create sufficient value and defend its position.

Creating value can be trickier than most people think. It’s not trivial to create a product that people will appreciate. Harder to create a product that people will pay for, and even harder to deliver that product at a lower cost per unit than what people are willing to pay for it. If a product cannot be produced and delivered at a profit, value has not been created.

power bank station
power bank station

Defending a business’s position is even more difficult than creating value. But is also more crucial to success, as a business that cannot defend its position will see its profits eroded over time by competition. Many unsustainable ways position will be defend (e.g. by engaging in price wars). But the effective ones all center around creating a product that defends its own position. Examples of different ways a product can defend itself:

Different types

  • High barriers to entry. If a product costs billions of dollars to create (e.g. a communications network). Few other companies will have access to the capital required to create a competitor product.
  • Network effects. A product whose value depends on having a large base of users (e.g. Facebook, Airbnb) is less likely to be disrupted by a newcomer who lacks that base.
  • Complex technology. Products whose technology is difficult to replicate (e.g. Amazon Go) will naturally face less competition.

This book actually gives a great overview of business defensibility, which, while less flashy and “cool” than product. It is arguably more important in the long run.

Note also that all of these things are difficult.

In fact, It is necessary in order to be an important condition for a business’s success. As said success is measured in comparison to other businesses. Creating a successful business must by definition be difficult.

How does bike sharing work in China?

bike sharing

How does bike sharing work in China?

I think bike-sharing is very hot in China.

  1. Convenient and quick
  2. Low-carbon environmental protection, reduce air pollution
  3. Ease traffic congestion
  4. Cheap car rental
  5. It was a fatal blow to mo
  6. Bring living entity economy
  7. Improve user experience
bike sharing

Bike-sharing is definitely a convenient invention or living mode in China, given that the terrible traffic jam in big cities like Beijing, Guangzhou, and Shanhai is incorrigible. However, it may cause some administrative problems. People park the bikes everywhere in the cities. Furthermore, many people try to steal the bikes.

1) That people love trends, especially those that use cell phones, are convenient, fun and make them feel like they are exercising / doing something for the environment

2) That even ideas that are idiotic can help benefit an economy (I have just had to retreat from walking on one of our pavements that has some many bikes that it is blocked for pedestrians! They have become an irritant to people walking on pavements, yet I can see their merits for people who use these bikes)

3) That the number of factories manufacturing bicycles has suddenly risen in China

There isn’t one in my city (Fairbanks, Alaska) The population within city limits is about 30k with about 70k in the surrounding area. There are at most five months of what most would consider bike season. It’s a major tourist destination.

The dock-based and traditional rental businesses here aren’t particularly profitable. The dock-based folks do a lot of thinking about dockless, both as an upgrade and as potential competition.

This is the big question in China too.

One popular answer that many speculate is that their plan is to profit by investing the deposit money that people pay to use the bikes.

Of course many also speculate that it’s part of another tech bubble. Many are eager to invest tons of money into any tech with cutting edge buzzwords and that these companies will burn through that money without making profits until the investments cease and then they’ll disappear.

So let’s wait and see …

What does shared economy hold for the future?

shared economy

What does shared economy hold for the future?

The sharing concept has created markets out of things that wouldn’t have been considered monetizable assets before. According to Forbes, just as YouTube did with TV and the blogosphere did to mainstream media. The share economy blows up the industrial model of companies owning and people consuming. And allows everyone to be both consumer and producer, along with the potential for cash that the latter provides.

I tend to be optimistic about sharing economy becoming ubiquitous, just as malls or banks are — I may be biased on this answer — but here is what I think:

shared economy
  • Optimization —most things are idle, or not used. Renting those things is a source of revenue.
  • Affordability —there are things are expensive to buy, and not used most of the time. If you drive to work, your car is parked from 9–5. That doesn’t reduce monthly payments on your car loan. On the other hand, the only time a cab is in parking is when there are no customers around, or the driver has a day off. Both car worth the same market value, but one pays itself, whereas the other is just wasting the money.
  • Democratize access to wealth—anything you own may not be just an expense, but also wealth. That would reduce depreciation of things people will own. Not only taxi cabs, but also things like skates, parking spots, etc.

The rise of the sharing economy is a potent weapon in the carbon war. One third of business leaders see the value in sharing best practice, costs and resources to improve efficiency and reduce emissions that would enable them to respond effectively to climate change. But economic transformation cannot come from invention alone, it is also dependent on the adoption of new, innovative products and services across the economy.