By sharing resources and collaborating with others, these cities are helping people save money and make their lives more sustainable.
In recent years, the concept of a “shared economy” has gained significant traction, transforming the way we live and interact within our cities. This revolutionary model, driven by advancements in technology and changing consumer behavior has already been revolutionizing industries, and with the emergence of smart cities, the concept of shared economy has the potential to reshape urban landscapes. All the while playing a pivotal role in the development of future cities. To understand how the shared economy can promote sustainable development in smart cities, we must first understand what it mean: