• ISSN: 2010-0248
    • Abbreviated Title: Int. J. Innov.  Manag. Technol.
    • Frequency: Bimonthly
    • DOI: 10.18178/IJIMT
    • Editor-in-Chief: Prof. Jin Wang
    • Executive Editor: Ms. Nina Lee
    • Abstracting/ Indexing: Google Scholar, Ulrich's Periodicals Directory,  Crossref and ProQuest, Electronic Journals Library.
    • E-mail: ijimt@ejournal.net
IJIMT 2018 Vol.9(6): 240-245 ISSN: 2010-0248
doi: 10.18178/ijimt.2018.9.6.819

What is Collaborative Consumption? Platforms and Participation of people in Collaborative Consumption – Impact of the New Technologies

Benson Nwaorgu
Abstract— Collaborative consumption is an emerging new concept that is based on sharing, renting and borrowing. Involvement of a large number of individuals and service agencies in collaborative consumption shows the success of it In this paper, we will focus on what platforms of collaborative consumption are, which ones are available and who are the participants. The paper also discusses the impact of new technologies on collaborative consumption and we proposed a hypothesis that the concept of CC is evolving with the evolvement and the expansion of modern technology systems. New world technologies changed our daily life and additionally changed our ways of consumption. Online web system has changed almost everything in recent years. This paper will propose both advantages and disadvantages of technology evolvement and its impact on collaborative consumption.

Index Terms— Collaborative consumption, sharing economy, sustainability, internet, new technologies, peer to peer business.

Benson Nwaorgu is with Digitalization Research group, School of Economics and Business, Kaunas University of Technology, Kaunas, Lithuania (e-mail: Benson.nwaorgu@ktu.edu).

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Cite: Benson Nwaorgu, " What is Collaborative Consumption? Platforms and Participation of people in Collaborative Consumption – Impact of the New Technologies," International Journal of Innovation, Management and Technology vol. 9, no. 6, pp. 240-245, 2018.

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