Shareability: | Products and services can be shared within a community or market, which can be local or global. |
Advanced digital networks: | The sharing economy relies heavily on advanced digital networks. Data gathered from the exchange regarding the parties involved, and the product can be traced in real time. |
Immediacy: | Users of the sharing economy can access shared goods and services at their physical location. |
Social media driven promotion: | Advertising of the product is replaced with promotions that are driven by social media platforms. |
Global in scale and potential: | The sharing economy can be scaled globally and has high potential. |