scholarly journals Designing a mechanism for generating confidence in crowdlending platforms

2021 ◽  
Vol 128 ◽  
pp. 01009
Author(s):  
Evgeny Popov ◽  
Sergey Fedoreev ◽  
Anna Veretennikova
Keyword(s):  
Business Model ◽  
Scientific Research ◽  
Sharing Economy ◽  
Practical Significance ◽  
Financial Resources ◽  
Financial Instruments ◽  
Digital Platforms ◽  
Level Of Confidence ◽  
Theoretical Significance ◽  
New Business

The development of the equity economy as a new business model, the spread of digital platforms, as well as the task of increasing the efficiency of resources, stimulated the development of new financial instruments, including crowdlending. At the same time, lack of sufficient accumulated experience, both in the functioning and regulation of crowdlending platforms, significantly limit their activities. The purpose of this study is to design and substantiate the mechanism of confidence generation in crowdlending platforms. In the course of the study, the peculiarities of the equity economy functioning, which are characteristic, among other things, for crowdlending platforms, were described, regulatory, technical and reputational risks of confidence loss in the subsystems of the “platform-borrower”, “platform-investor” and “loan-investor” relationships were identified, and tools for their reduction in these subsystems were proposed. In addition, an author’s model of interaction between actors of the pooled investment market when investing by a loan provision has been developed, which includes the function of a collateral operator to represent the interests of investors in a one-to-many relationship. The theoretical significance of the results obtained consists in the expansion of scientific research in the field of the sharing economy to the financial resources market. The practical significance of the indicated results consists in the possibility of implementing these proposals to increase the level of confidence in crowdlending platforms.

scholarly journals The Conceptualization of the Sharing Economy as a Business Model

2019 ◽  
Vol 30 (3) ◽  
pp. 373-381
Author(s):  
Donata Šiuškaitė ◽  
Vaida Pilinkienė ◽  
Dainius Žvirdauskas
Keyword(s):  
Business Model ◽  
Scientific Literature ◽  
Sharing Economy ◽  
Key Factors ◽  
Scientific Publications ◽  
Digital Platforms ◽  
Web Technologies ◽  
Poverty And Inequality ◽  
The World ◽  
New Business

The phenomenon of sharing economy originated as a response to the intensifying globalization, misallocation of resources, rising levels of poverty and inequality. The spread of information and web technologies forced the society and existing businesses to take a look at the concept of ownership from another viewpoint and revealed a new truth: what we own is not more important than what we share. Today the world observes not only a rapidly growing number of new sharing economy initiatives, but a considerably wider variety of sectors the platforms emerge in as well. However, an extensive amount of scientific publications disregard this fact and apply a simplified business model to all sharing economy initiatives despite their evident differences. The assessment of the recently emerged phenomenon was based on a theoretical analysis of scientific literature. The paper provides a chronological process of sharing economy development as well as examines the formation and disclosure of the concept itself. Moreover, the research also presents the peculiarities of the sharing economy as a new business model by defining the characteristics and dimensions of the sharing economy and describing the key factors and drivers of the phenomenon. A conceptual business model of sharing economy based enterprises is provided as a final result of this paper.Sharing Economy, Collaborative economy, Business Model, Digital Platforms, Users, Peer-to-peer

A Digital Economy Model for Talent Prediction Data Analytic

2019 ◽  
Vol 2 (4) ◽  
pp. 260-266
Author(s):  
Haru Purnomo Ipung ◽  
Amin Soetomo
Keyword(s):  
Business Model ◽  
Industrial Revolution ◽  
Technology Innovation ◽  
Cost Effective ◽  
Sharing Economy ◽  
Token Economy ◽  
Economy Model ◽  
New Business ◽  
The Cost ◽  
Data Analytic

This research proposed a model to assist the design of the associated data architecture and data analytic to support talent forecast in the current accelerating changes in economy, industry and business change due to the accelerating pace of technological change. The emerging and re-emerging economy model were available, such as Industrial revolution 4.0, platform economy, sharing economy and token economy. Those were driven by new business model and technology innovation. An increase capability of technology to automate more jobs will cause a shift in talent pool and workforce. New business model emerge as the availabilityand the cost effective emerging technology, and as a result of emerging or re-emerging economic models. Both, new business model and technology innovation, create new jobs and works that have not been existed decades ago. The future workers will be faced by jobs that may not exist today. A dynamics model of inter-correlation of economy, industry, business model and talent forecast were proposed. A collection of literature review were conducted to initially validate the model.

O Direito do Trabalho (des)conectado nas plataformas digitais

2019 ◽  
Vol 4 (1) ◽  
pp. 246-266
Author(s):  
Murilo Carvalho Sampaio Oliveira
Keyword(s):  
Social Relationships ◽  
Business Model ◽  
Economic Condition ◽  
Labor Law ◽  
Sharing Economy ◽  
Digital Economy ◽  
Business Activity ◽  
Digital Platforms ◽  
The Impact ◽  
Conditions Of Work

RESUMO:Este artigo trata dos impactos das plataformas digitais no Direito do Trabalho, tomando como exemplo sintomático o padrão da plataforma Uber. Inicia discutindo o cenário da economia digital e suas transformações nos modos de organizar a atividade empresarial, caracterizando a disrupção destas tecnologias e examinando criticamente se tais inovações situam-se realmente no discurso de economia do compartilhamento. Adiante, aborda as condições fáticas das plataformas de trabalho, questionando a dimensão formal-jurídica de liberdade e a condição econômica de hipossuficiência. Examina o caso da Uber como paradigma do modelo de organização empresarial desta economia digital e a situação dos seus motoristas tidos como parceiros para, ao final, pontuar algumas conclusões a cerca da necessidade do Direito Trabalho estar conectado com essas novas relações sociaisABSTRACT:This article deals with the impact of digital platforms in Labor Law, taking as a symptomatic example the standards of the Uber platform. It begins by discussing the the digital economy scenario and its transformations in the way business activity organize itself, characterizing the disruption of these technologies and critically examining whether such innovations are really part of the sharing economy speech. Hereinafter, it addresses the factual conditions of work platforms, questioning the formal-legal dimension of freedom and the economic condition of hypo-sufficiency. It examines the case of Uber as a paradigm of a business model organization in the digital economy and the situation of its drivers, taken as partners in order to, in the end of it, point some conclusions about the need of Labor Law to be connected with these new social relationships.

scholarly journals Short-term rentals as a new urban frontier – evidence from European cities

2021 ◽  
Vol 53 (7) ◽  
pp. 1601-1608
Author(s):  
Agustin Cocola-Gant ◽  
Angela Hof ◽  
Christian Smigiel ◽  
Ismael Yrigoy
Keyword(s):  
Political Economy ◽  
Business Model ◽  
Sharing Economy ◽  
Professional Activity ◽  
Special Issue ◽  
Short Term ◽  
Digital Platforms ◽  
European Cities ◽  
Wide Range ◽  
Spatial Impacts

Papers in this special issue offer a wide range of political economy and sociological perspectives to explain the development and impacts of short-term rentals (STRs) in European cities. Empirically, they provide insights regarding STR providers, socio-spatial impacts, and regulation. Authors reveal the professionalization of the sector vis-à-vis the connection between STRs and the wider financialization of housing. STRs are predominantly supplied by professional property managers as well as by middle-class individuals for which renting on digital platforms is their main professional activity. Furthermore, the increasing professionalization of hosts and the intrinsic competition among them is largely stimulated by the business model of digital platforms which has progressively favoured professional operators. Understanding how STRs are shaped by platform capitalism helps to explain the socio-spatial impacts of this market as well as why current regulations have not mitigated such impacts. In terms of impacts, contributions to this special issue document processes of displacement, gentrification, and how the penetration of visitors in neighbourhoods is experienced by residents as a process of loss and dispossession. However, due to the lobbying campaigns of professional operators and industry players, regulation has led to the legitimization of this new market rather than to the limitation of the activity. Therefore, the special issue challenges the use of a ‘sharing economy' and ‘peer-to-peer platforms’ as analytical categories, and, instead, provides evidence of why the STR market should be seen as part of the wider expansion of platform capitalism, consolidating the neoliberal and financialized urban paradigm.

scholarly journals Analysis of External Environmental Factors Which Affect the Development of Ride-sharing Platform Based on ISM model, Examples of DiDi

2018 ◽  
Vol 1 (2) ◽  
pp. 37-39
Author(s):  
Lin Li
Keyword(s):  
Environmental Factors ◽  
Business Model ◽  
Sharing Economy ◽  
Third Party ◽  
Security Issues ◽  
Goods And Services ◽  
Ride Sharing ◽  
New Business ◽  
Point To Point ◽  
Life Consumption

The concept of “sharing economy” was first proposed jointly by American Marcos Felson and Joan Spence. They described a new way of life consumption with “collaborative consumption”. The main feature of sharing economy is individuals achieve point-to-point direct transactions of goods and services through third-party platforms [1]. However, the objective conditions at that time made it difficult to put into practice. With the development of network technology, it is possible to integrate offline idle goods or personal services and provide them to users at a lower price, and become a viable new business model. As a Ride-sharing platform, Uber has become the leading enterprise in the sharing economy, its successful experience is the learning target of other sharing economic platforms, and the business model is also representative in sharing economic industry. However, Uber naively believes that the leading business model and business methods in the US market can be seamlessly extended to other countries and regions, without paying attention to localization for the users, in China and even Southeast Asia, Uber suffered a huge defeat and was replaced by DiDi and Grab. As the largest ride-sharing platform in China, DiDi was pushed to the turmoil in the second half of 2018 due to security issues, two women were raped and killed by DiDi driver while riding, and the call to shut down DiDi was endless in China. In China, Ride-sharing Platform, from Uber to DiDi, from DiDi's strong development to the current endless call to shut down, what kind of key external environmental factors affect the development of the ride-sharing platform? This paper attempts to clarify the external environmental factors that affect the development of shared travel platforms, and use the ISM model to clarify their levels and relevance.

scholarly journals Model Pengembangan Bisnis BUMDes berdasarkan Pendekatan Sharing Economy dan Gig Economy

2021 ◽  
Vol 12 (3) ◽  
pp. 347-352
Author(s):  
Jaka Sudewa ◽  
Mohammad Fahreza
Keyword(s):  
Development Strategy ◽  
Business Model ◽  
Business Models ◽  
Descriptive Analysis ◽  
Sharing Economy ◽  
Business Practices ◽  
Economy Model ◽  
Business Model Canvas ◽  
Gig Economy ◽  
New Business

In an effort to encourage MSMEs, especially BUMDes Bhakti, the main village of Cilembu, it is necessary to develop a new business model, namely by utilizing opportunities by implementing the digital economy so that BUMDes business activities can operate properly and can follow business developments, so that the purpose of bumdes can be achieved, namely improving services to the community and empowering villages as autonomous regions with regard to productive efforts and improving business. emandirian and village capacity in strengthening the economy. This research aims to find out the potential and business barriers of BUMDes Bhakti Utama, knowing the efforts of BUMDes Bhakti Utama Cilembu in reviving bumdes business that is currently vacuum and to formulate a sharing economy and gig economy model so that the right business model is found for BUMDes, especially BUMDes Bhakti Utama that can be developed and operate in Cilembu Village so that it has a business development strategy that is in accordance with current conditions.  Thus, this study has a contribution, both in the development of theory and in the business practices of sharing economy and gig economy in efforts to empower the village economy. The method used in this study is qualitative descriptive analysis, which is presented in the form of drawings, tables and descriptions. This descriptive analysis method is processed based on elements of the Business Model Canvas and conducted an analysis of the potential and obstacles of businesses and then analyzed based on the sharing economy and gig economy approach to get the sharing economy and gig economy model. Furthermore, SWOT and PESTEL analysis is carried out to assess the extent to which new business models can be used so that alternative strategies / efforts can be formulated.  

Reorienting the sharing economy for social benefit: the nonprofit digital platform business model

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Rubén Mancha ◽  
David Nersessian ◽  
John Marthinsen
Keyword(s):  
Business Model ◽  
Free Market ◽  
Sharing Economy ◽  
Social Value ◽  
Market Forces ◽  
Negative Externalities ◽  
Content Type ◽  
Digital Platforms ◽  
Digital Platform ◽  
For Profit

Purpose Digital platforms enable the sharing economy and have become dominant business models in many industries. Despite their many benefits, negative externalities associated with the growth of for-profit digital platforms, such as Uber and Google, have ignited concerns among market participants, policymakers and society as a whole, without corrective market forces in sight. One way to address this problem is through a combination of government regulation, criminal enforcement actions and private antitrust litigation. This study aims to analyze an alternative approach, called the nonprofit digital platform (NDP), which is an emerging business model capable of unleashing free-market forces and enhancing the sharing economy’s social benefits. Design/methodology/approach This study documents the negative externalities (actual and potential) of for-profit digital platforms, uses the product attributes model to explain the market position and strategy of NDPs with respect to for-profit digital platforms and provides recommendations for the successful launch and management of NDPs. Findings An NDP is a market-based alternative to antitrust, regulation and litigation that enhances the social value created by the sharing economy, but its success requires startup-like management that attracts and retains talent, capital, effective advertising and positive network externalities. Social implications NDPs can force free-market adjustments in the industries they enter, reduce the negative spillovers of for-profit digital platforms and increase social value by incrementally raising the level of competition. Originality/value This study conceptually explores the value that nonprofits could bring to the sharing economy in fulfilling its promise and provides strategic recommendations for social-digital entrepreneurs and nonprofits.

scholarly journals Innovative Forms of Economy and Sustainable Urban Development— Sharing Tourism

2018 ◽  
Vol 10 (11) ◽  
pp. 3919 ◽  
Author(s):  
Bianca Tescașiu ◽  
Gheorghe Epuran ◽  
Alina Tecău ◽  
Ioana Chițu ◽  
Janez Mekinc
Keyword(s):  
Business Model ◽  
Sharing Economy ◽  
Economic Life ◽  
Sustainable Urban Development ◽  
Governance System ◽  
Know How ◽  
Doing Business ◽  
New Business ◽  
Regional Authorities ◽  
The Impact

Sharing economy represents a new business model with an increasing impact on economic life by generating consequences for the traditional business sector. Considering its development during the last years, it is important to know how the governance system should react to the new challenges determined by this kind of doing business. The aim of the article is to identify and analyze some general issues regarding the impact on the sharing economy in tourism, based on a study regarding the needs determined by this business model in Brașov. Considering that tourism is a relevant sector for the “sharing” business type, the authors considered it important to get opinions about the way that the local authorities and stakeholders should contribute to the creation of a regulatory framework for sharing tourism, so, two focus-groups were organized. The respondents were chosen so that all kinds of stakeholders involved in tourism were represented. The results of the research revealed that even though there are some provisions regarding this sector, and despite the fact that local and regional authorities are preoccupied about regulations in sharing tourism, the most representative part of this sector is unregistered and it works according to its own rules.

scholarly journals Drivers of the Economy in the Context of the Coronavirus Pandemic

2021 ◽  
Vol 20 (1) ◽  
pp. 5-30
Author(s):  
E. V. Popov ◽  
Keyword(s):  
Economic Development ◽  
Economic Activity ◽  
System Analysis ◽  
Digital Technologies ◽  
Sharing Economy ◽  
Practical Significance ◽  
Digital Platforms ◽  
Institutional Economic ◽  
Progressive Development ◽  
Epidemiological Situation

The purpose of this study is to systematize the drivers of the economy in a complicated epidemiological situation. The research hypothesis is that under the conditions of severe epidemiological restrictions, drivers of advanced digital technologies and modeling of the applications of these technologies are becoming a priority for economic development. The object of this study is economic activity in a difficult epidemiological situation. The subject matter of the research is economic relations that generate drivers-technologies and applications that ensure the progressive development of economic activity. The research method is logical system analysis of factors, technologies, and technological applications. The algorithm of this study comprised the following stages. First, we analyzed the results of published studies on the economics of complicated epidemiological situations. Then we highlighted the problems of economic activity. Further, we proposed solutions to these problems using advanced digital technologies and applications of these technologies. In conclusion, we analyzed possible directions for modeling the drivers of the economy in the context of the coronavirus pandemic. The problems of economic activity during the coronavirus pandemic are highlighted. These problems include the problems of reducing contacts between people, transparency of information, taking into account people's needs, accounting for resources, and reallocation of resources. The solution of these problems is systematized based on the use of advanced digital technologies and applications of these technologies as drivers of the economy. Cloud technologies, digital platforms and blockchain technologies, as well as applications of digital technologies in the form of the sharing economy, the Internet of things and the concept of a smart city are analyzed. The possibility of modeling the drivers of economic development based on the apparatus of institutional economic theory is shown. In this case, economic activity modeling is based on four consecutive stages: design, distribution, measurement, and evolution of economic institutions. The theoretical significance of the results is the development of theoretical foundations for modeling economic activity in a complicated epidemiological situation. The practical significance of the results lies in the development of applied tools for predicting the development of economic activity in the event of a coronavirus pandemic.

A Conceptual Framework of Value Sharing in the Sharing Economy

2020 ◽  
pp. 1-20
Author(s):  
Melissa Farboudi Jahromi ◽  
Tingting Zhang
Keyword(s):  
Conceptual Framework ◽  
Business Model ◽  
Theoretical Foundation ◽  
Sharing Economy ◽  
Success Factor ◽  
Fast Growing ◽  
Value Sharing ◽  
New Business ◽  
Benefits And Costs

The sharing economy is a fast-growing phenomenon that has significantly disrupted traditional businesses. In order to identify the success factor of this new business model, this chapter discusses the unique features of sharing economy practices considering the concept of value sharing. First, the theoretical foundation of value sharing is explained using the value co-creation literature, which is derived from the service logics. Next, four types of values, namely economic, social, functional, and hedonic, are discussed in sharing economy practices. Finally, a conceptual framework of value sharing that depicts the benefits and costs of participation in the sharing economy is provided. Based on this framework, sharing each aforementioned value has its own benefits, which acts as an incentive for both resource suppliers and consumers in the sharing economy. However, the sharing process has its own costs that may be considered as a deterrent for sharing economy participants.

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