How can FS release value through sharing economies? Both personal and commercial assets are increasingly being shared, reused and repurposed to maximise their value and reduce waste. From scooter-sharing services to cloud computing, there is a significant societal shift to a sharing economy.
Team ShareAll is an example of how financial services can use technology to rethink traditional ways of doing business.
Both personal and commercial assets are increasingly being shared, reused and repurposed to maximise their value and reduce waste. From scooter-sharing services to cloud computing, there is a significant societal shift to a sharing economy.
ShareAll identifies opportunity cost from underutilised assets which are sitting idle. The solution to the challenge of releasing value through shared economies is to increase asset utilisation through predictive analytics allowing the freeing up of assets and to provide greater value from existing assets in addition to increasing overall levels of productivity. The ShareAll concept is built on giving businesses and individuals the ability to share idle assets such as unused equipment, spaces, personnel, everyday items as well as data and services, with absolute ease.
Value creation: The platform will assign idle assets to users that require them, thereby increasing the utilisation of these and providing owners with greater value from their assets.
Predictive: The platform will use data collected on the assets and the users of the platform to predict when an asset is needed and when an asset will be idle.
Personalised: The volume of data collected will allow for micro-personalisation; ensuring the assets allocated to the user are appropriate.
Secure and accurate: By using blockchain to record rights information, transactional, regulatory, and audit data, the users can be confident in data integrity.
Scalable: The platform is asset agnostic which allows the platform to scale endlessly. Anything can be an asset and anyone can be a user.
Secondary services: The volume of data collected in conjunction with the variety of assets being handled allows for the Financial Services Organisation controlling the platform to sell additional services that have been personalised to users. For example, providing insurance premiums that are tailored to the individual user and/or individual asset being shared.
Essentially, a predictive, automated and innovative method to facilitate sharing: an asset-agnostic sharing platform, powered by data analytics and secured by blockchain, to enable users to share all forms of assets and move from a reactive user-experience to a predictive user-experience.
The attraction of ShareAll to our investors will be driven by the addressable Sharing Economy market expected to reach a market cap of US$2 trillion globally in the coming decade.