Sharing Economy
The term ‘Sharing Economy’ gets used pretty loosely in the current vernacular. It’s no wonder that the meaning is vague.
People tend to think of the sharing economy as the various ride-sharing, short-term rentals, restaurant and grocery delivery services, co-working spaces, and their poster children: Uber and AirBnB.
But the concept goes way back before any of those companies were ever conceived.
The term ‘economy of sharing’ was coined back in 1978 in Joe L. Spaeth’s academic article ‘Community Structure and Collaborative Consumption’, but if you think about it, the concept of sharing assets and resources has been going on since the beginning of civilization.
The term ‘sharing economy’ came into common use around the time of the Great Recession, when the latest mobile and web technologies combined with tough economic times to fuel the explosive growth of this sector.
Whatever we call it and whatever it means at any point in time, when we boil it down, the idea is to get greater utilization of valuable assets and resources.
What is the point of everybody owning seperate versions of the same object that all sit idle 99% of the time? All of those things, whether they are cars, or recreational vehicles, or homes, or private jets, or power tools, need to be extracted and manufactured for each individual owner, when theoretically we could all have access to the tools and resources we need at our disposal while imposing a fraction of the ecological footprint.
Sharing must be a core component of any sustainable or metastable movement.
The ISITAS ecosystem will be fundamentally based on the Sharing Economy. At it’s core, the objective is to collaboratively develop a shared Wisdombase that we can all access for our individual or group uses. By engaging with ISITAS, we earn our access to this valuable shared tool and resource.
But that is just the beginning of the sharing economy based on the ISITAS platform.
One principle that will be imbued into ISITAS ethos will be around Collaborative Consumption, meaning we collaborate with our shared assets, tools, and resources to maximize utilization. Members will be encouraged to make commodity tools and resources available on the shared network.
One of the keys to the success of such a system is removing friction from the logistics. As membership grows, drone technology will be advancing, and we may develop our own drown-based delivery system to make sharing as simple as possible.
Another key element of the ISITAS ecosystem will be a portfolio of real estate holdings that can be shared by owners. These will largely be residential homes where people can gather for a wide variety of reasons. Some properties will be more luxurious, and will be used for high-profile events, while others will be more modest, depending on the membership in areas. Members will collectively decide which homes to acquire for the DAO.
Certain interest groups ranging from bridge players to psychonauts can book properties for their particular events.
Each member will be able to use their ISIT Tokens to attend events or book time to stay in these shared properties.
These are just a few of the ways in which ISITAS will adopt the sharing economy. From foundational aspects of life like lodging and transportation to the highest levels of attainment such as the Wisdombase, ISITAS Members should have all they need in sustainable abundance.
