What Dormant Devices Can Do for a New Sharing Economy Paradigm Shift

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Economy Paradigm Shift
By leveraging Apple AirTags and Amazon Sidewalks’ mutual networks, our ability to generate, distribute, and consume digital content has been enhanced. To determine whether or not the benefits for consumers outweigh the possible risks, it is essential to do some research.

Is There Anything Digital Ecosystems Can Learn From The ‘Physical’ Sharing Economy?

Share economies can be described as peer-to-peer asset sharing systems that are disintermediated and operated by everyone directly. In the peer-to-peer fashion sharing communities, many women can take advantage of this service to ensure that they will never have to wear the same dress twice, one of which is Rentmywardrobe, a peer-to-peer fashion sharing community with an international base.
The following are several societal benefits that can be realized by consumers on a consumer-to-consumer basis when the supply and demand of physical assets are met successfully:
    • An ecologically conscious approach is characterized by reducing the consumption of natural resources in our daily lives (think about the consumption of electricity, gas, building materials, and the production of fabrics, as in the production of jeans).
    • As a result of creating a platform that promotes and encourages greater economic and social mobility for lower-income consumers, these consumers will be able to have access to a number of goods and services that were previously out of their reach and out of reach of their families.
There is no doubt that sharing tools with ‘capacity constraints’ (clothing, cars, apartments) is distinct from sharing assets and tools with ‘unconstrained’ capacities (e.g., wifi access). Despite this, the sharing of ‘capacity-constrained’ tools can form an essential part of ‘network sharing’s positive implications for the participating organizations. Two of the world’s largest technology companies have introduced two recent developments that have been put into effect:
  • Apple AirTags

One of the largest GPS/Bluetooth-based networks in history has been created by leveraging the resources of 1 billion global devices, potentially leveraging the resources of 1 billion global devices. These tags are used to attach to everyday items such as keys, which allow users to use nearby peers’ devices to find lost items when these tags are attached to these items.
  • Amazon Sidewalk

To be able to create Sidewalk Bridges, Amazon utilizes small amounts of your device bandwidth, such as the Echo, Ring, and other Amazon devices. There is an underlying assumption that the team will establish a peer-to-peer network, which essentially involves a whole network of user devices that work together to ensure that there is a smooth connection with all the devices and people. This would be referred to as the network neighborhood.
This type of socio-economic system is crucial for large industrialized societies to generate, distribute, and consume digital resources that benefit every member of a particular consumer network (in this case, the owners of Amazon/Apple devices). Benefits are intrinsic to all members of the organization:
  • The stability and reliability of the network have increased
  • More extensive range and reach of devices
  • Communications with third-party service providers improved as a result of the integration
A further benefit of this technology is that it can also be used by businesses that have ownership rights to the networks in question:
  • It can be referred to as a captive audience as some of the people who are a part of the proprietary ecosystem of products and services of which they are a part become more immersed in it as they become more engaged with it over time.
  • Using anonymous behavioral data and interconnectedness is a form of sales improvement tool that can be used to optimize the effectiveness of interconnectedness to improve sales.

Leveraging ‘Dormant Resources’ Requires Democratizing Opt-ins And Opt-outs

Our society has embraced not only the concept of sharing, but we have learned to appreciate something else that is rarely mentioned in the sharing economy – and that is the concept of choice. There are many instances where corporate entities automatically enroll the users of their devices into their networks without letting them know that they have to opt out of these networks. You are automatically opted in by omitting to opt-out, regardless of whether you are opt-out.
Since many of the user agreements include provisions addressing the user’s rights and have sections that refer to user consent, there is no doubt that all of this is legal. One might question however, how far is too far in this scenario. There is a surprising amount of people who are unaware of opting in or opting out, and many aren’t even aware that they have the option to do either.
  • The question is whether or not it is wise for a corporation to automatically accept a user’s device as part of its network and make use of that user’s digital resources without seeking the consent of that user beforehand? Is there an ethical issue with this type of action being taken by a corporation?
  • A service that would benefit society as a whole might also clarify the choice to opt-in if it is beneficial to society as a whole? Do you think it’s necessary to explain what is going on before the switch is made to automatic opt-in?
  • To sustain an economy developing in real-time, should companies spend the time, energy, and money explaining why such an economy requires shared resources to function correctly? Will you ensure consumer support by deciding for them or them?
Today, we live in an economy that has been disrupted several times over the years. It’s a world where, depending on how you see it, you can either choose to be a disruptor or a disrupted. So, let’s take a moment to revisit some of the past disruptions as an example.
It has been over a decade since cell phone payments have been available. Still, over the past decade, consumers have become accustomed to these payment methods, making them second nature to most of us, and therefore, they are not discouraged from using them. Use an automated API to take screenshots of websites with a Proxy crawl
However, what mobile payment processing services realized is that users were first required to opt-in of their own free will, and only then could they achieve a broad range of services that would benefit their lives in many ways (making payments convenient and available even when they forgot their wallets, for example).
The risk side of the equation was that there was a lot of theft and fraud. The companies have, however, made accountability their priority and have worked to mitigate dangers and consumers’ concerns through actions such as:
  • Compensation offered by the company
  • The verification of the network participants
  • Making sure there is a preemptive security plan in place is vital
  • The implementation of operational cybersecurity governance
  • Monitoring and maintaining the network in an ongoing manner
It is important to note that these things only came into being after receiving “consent,” much like how a plot development can only take place after a well-crafted prologue in a novel. At present, we are at the height of the plotline for cellular payments, but the storyline for the sharing economy is still in its prologue stages.

Conclusion

Both users and companies should ask the following questions to answer this question:
Is it possible that the benefits of innovation may outweigh its risks, and can innovation be brought to the consumer so that they can opt-in to receive the benefits, or should we all ask permission first, even when the benefits are apparent?

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