About

The Sharing Economy is an economic model defined as a peer-to-peer (P2P) based activity of acquiring, providing, or sharing access to goods and services that is often facilitated by a community-based on-line platform.

KEY FEATURES

• The Sharing Economy involves short-term peer-to-peer transactions to share use of idle assets and services or to facilitate collaboration.
• The Sharing Economy often involves some type of online platform that connects buyers and sellers.

The Sharing Economy is rapidly growing and evolving but faces significant challenges in the form of regulatory uncertainty and concerns about abuses. Standardization can reduce these woes and exploit the benefits that such a business model can bring, by providing internationally-agreed ways of working that take into account everyone’s needs: consumers, business and government.

In 2017 ISO stepped in, bringing together some of the world’s leading experts on the subject to develop high-level international guidance and a foundation for future standards and the subsequent establishment of a technical committee; ISO TC 324.