Published On: Tue, Apr 17th, 2018

The Sharing Economy Is Booming and Blockchain Wants In

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After nearly a decade of being mocked and mimicked for their eccentricities, the outcome of all the millennials’ maxi is now on full display, and it’s pretty impressive.
Discouraged by the lack of opportunity and disillusioned by the inaction of central governments and large corporations, millennials took the carnage of the 2008 financial crisis and developed an economy that is self-initiated and wholly inclusive. Commonly known as the sharing economy, this economic model involves millions of individuals capitalizing on the things that they already own.
In the sharing economy, anything can be monetized. A personal vehicle can become a taxi, spare bedrooms can become hotel suites, and extra time can be filled by completing tasks for other people. Each expression of the sharing economy brings new financial opportunities where none previously existed.
All of this opportunity is proving to be a financial boom for the individuals who participate in the economy and for the companies that help facilitate it. The Brookings Institute believes that the sharing economy is poised to reach a market share of $335 billion by 2025. The Pew Research Center estimates that “72% of American adults have used at least one of 11 different shared and on-demand services.& …

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