Up to a few weeks ago I was unaware of this term what Collaborative Consumption actually means.
Collaborative consumption is a new economic model that has been named by TIME as one of the “10 Ideas That Will Change the World”. Collaborative consumption is all about utilising what is already existing, shifting from this notion of ownership to access. The advancement of technologies has enable us to do more with less by sharing, swapping, and lending products from local to global scale.
It was a pretty cool and an informative event. We had guest speakers from Airbnb, Oooby, Car Next Door to Open Shed, talking about how collaborative consumption is transforming the way we live and consume product, saving us money and reducing waste to the environment.
Did you know that the average power drill is used for somewhere between six and twenty minutes in its entire lifetime? Why buy when you can borrow?