Times have definitely changed.

People no longer fear a car ride from a stranger thanks to Uber. You can browse people’s homes that you want to holiday in with Airbnb and can even hire someone to do simple tasks for you with Air Tasker.

All of these platforms are a part of the sharing economy and thanks to the evolution of technology, it’s flourishing.

The sharing economy is a lot more than convenience. It contributes to the good of the environment by reducing wastefulness and can add an extra dollar to a provider’s pocket.

In fact, the Sharing Hub estimates that one in 10 Australians are boosting their income significantly through the sharing economy.  

LendMe was created for this exact vision. To help people and the environment.

Some different branches of technology that are outlined below are what’s guiding the future of sharing online.

LendMe is a platform that makes it quick and easy for you to rent your personal items to others in your neighbourhood. Source: Pexels.

Proof of identity

Lending out your personal belongings is more secure than ever before. Being able to ensure your lender/ renter is legitimate is an important factor in sharing online.

Consumers and Providers want trust and security before proceeding with any deal.

Being able to prove someone’s identity online by uploading any necessary documents and by using remote ID verification is a lot more convenient than having to meet face-to-face.

Safe and Secure payments

Paying online through a billing service is in most cases safer than handing your card to a waiter at a restaurant.

The improvisations of online billing have made it easier for users of sharing platforms to pay and receive money over the net than to use cash.

Billers like PayPal and Apple Pay are very well-known and trusted over a wide-range of online transactions.

Another popular payment type is After pay, with 1 in 4 Australian Millennials having used the platform to borrow money.

The world of Social Media

According to the Yellow Social Media report, the first thing nearly sixty per cent of Australians do everyday is use social media.

Social media keeps us connected easily and is a great way to advertise products and services to a wide audience.

The more appealing content that is posted, the more attraction it will receive.

Before social media people weren’t too keen on sharing information on the web. Because of the emergence and popularity of different social networking platforms, people are a lot more open to exchanging their information and ideas online.  

There are over 95 million posts on Instagram every day. Source: Pexels.

On the Map

Remember the days when every car had a map in the side door, ready to pull out when you couldn’t find your way?

Technology has brought us to a place where we can find exactly where we want in an instant.

For the uses of sharing apps, this is a major benefit.

Being able to locate a service/ product being advertised on a map creates security for a consumer and the supplier.

For example, Uber uses a map with a tracker that shows exactly where a user’s ride is and how far away it will be.  

Smartphones

With the use of smartphones, people can now connect with each other all around the world at that exact time with a click of a button.

The progression of these devices has had a massive impact on the sharing economy due to this convenience.

People want fast and easy accessibility to everything these days, so traffic through mobile phones is much higher than other devices.

According to the Yellow report , 74 percent of Australians say they use their smartphones for social media every day.

Connecting people through technology creates the sharing economy. Source: Pexels.

The sharing economy continues to grow every day and it wouldn’t be able to without the miracles of the technology world.