There is a shy presence for the sharing economy in developing countries due to the trust issue between the strangers, as well as low market penetration of technology for both smartphone and online banking usage, which make it hard for companies like Airbnb or Uber to operate. So what another type of sharing economy initiatives that can overcome those challenges and take place in those countries.
At such facilities, books are replaced with tools in order to “mutualize” resources so that people don’t have to buy tools they would only use once in a while, such as saws, drills, or chisels. Each of these tools is available either for free or for a small fee, increasing the efficiency of each device and helping users save money
Tool libraries are also neighborhood hubs offering classes, community building spaces, workshops and a variety of instruments ranging from belt sanders to lawnmowers and more
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