Advances in Economics, Management and Political Sciences
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Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 61 , 28 December 2023
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Access | Article
The Sharing Economy Increases Social Network Activity and thus the Ability to Realize Traffic
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Abstract
The digital transformation of the 21st century has catalyzed the emergence of two dominant phenomena: the sharing economy and the expansive growth of social networks. This paper meticulously delves into the intricate relationship between these two transformative domains, offering a comprehensive exploration of their convergence and the profound impact this has on consumer behavior, evolving business models, and overarching societal norms. Presently, the landscape is distinctly marked by the democratization of resources, enabling greater access and utilization, coupled with a significant shift in communication paradigms. This shift is predominantly driven by innovative platforms such as Airbnb, Uber, and Facebook, which have redefined user engagement and economic transactions. Peering into the future, it becomes evident that technological advancements, stand at the forefront of refining this convergence. These technologies promise to address and offer robust solutions to prevailing challenges, especially those related to trust, transparency, and tailored personalization. Yet, this promising horizon is interspersed with challenges. Pressing issues such as regulatory frameworks, the imperative of data privacy, and the consistent demand for quality assurance necessitate astute navigation by all stakeholders involved. In summation, the dynamic interplay between the sharing economy and social networks heralds a transformative paradigm shift in the digital age. This shift places a spotlight on sustainability, fosters community collaboration, and champions the ethos of shared value. Stakeholders, ranging from businesses to end consumers, are emphatically encouraged to navigate this evolving digital terrain with adaptability, strategic foresight, and informed prudence.
Keywords
Sharing Economy, Social Networks, Digital Transformation, Collaborative Consumption
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-223-7
- ISBN (Online)
- 978-1-83558-224-4
- Published Date
- 28 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/61/20231042
- Copyright
- 28 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited