Embracing The Sharing Economy
Utilising Digital Platforms in the Sharing of Goods, Assets and Services
What is Sharing Economy?
Sharing Economy is about accessing and leveraging idle assets, goods and skills of the crowd/ people, facilitated via digital platforms. Other popular terms used together with Sharing Economy include gig and freelance economy.
GLOBAL TREND OF SHARING ECONOMY
Current
Sharing Economy contributes USD2.7 trillion to the global economy
Sharing Economy is disrupting economic sectors on a global scale
By 2025
Projected Market Revenue USD335 billion
20% of the global workforce will be Freelancers
OVERVIEW OF SHARING ECONOMY IN MALAYSIA
As Malaysia dives into the opportunities of Sharing Economy, Malaysia Digital Economy Corporation (MDEC) is championing the Sharing Economy's development in Malaysia in terms of:
Filling the supply and demand gap by facilitating long-term growth and supporting the Sharing Economy platform.
Facilitating the adoption of Sharing Economy services and solutions among businesses.
More than 1.2 million Malaysians have earned RM4 billion in income since 2016 via MDEC Sharing Economy programme'
Thousands of jobs are posted on Sharing Economy platforms daily, offering a variety of work opportunities for those with the right skills.
For Digital work, people can do this from anywhere in the world and at any time they want.
Most of the jobs are ideal for Malaysian with reasonable talent/skills and a reliable internet connection. The part-time jobs / gigs will help them to generate additional income while maintaining their full-time jobs.
HOW CAN YOU PARTICIPATE IN SHARING ECONOMY?
For Start-up Platform
Sharing Economy Platform Provider
Register your platform, be part of our Sharing Economy Ecosystem and enjoy countless perks for being our partner!
For Business Owner & Corporation
Sharing Economy for Business
Level up your business by adopting Sharing Economy models or beef up your branding by becoming one of the MDEC’s endorsed Sharing Economy platforms.
For Income Opportunity
GLOW
Use your skills to secure high-value freelance jobs on a global platform
TYPES OF SHARING ECONOMY
Physical Assets Sharing
Temporary access to underutilised physical assets
Intangible Assets Sharing
Temporary access to less tangible things, e.g., time and skills
Goods Sharing
Passing down, exchanging, or selling used or pre-owned goods
Money Sharing
Enable the sharing of funds to invest in entrepreneurs, artists, projects, etc.
Physical Assets Sharing
Temporary access to underutilised physical assets
Intangible Assets Sharing
Temporary access to less tangible things, e.g., time and skills
Goods Sharing
Passing down, exchanging, or selling used or pre-owned goods
Money Sharing
Enable the sharing of funds to invest in entrepreneurs, artists, projects, etc.
HOW IT WORKS
Sharing Economy platforms facilitate transactions between market demand and the providers of services, which are people (freelancers or gig workers and businesses).
OUR PARTNERS
MDEC has partnered with Sharing Economy platforms across multiple sectors, providing value-added services with incentives from MDEC and government agencies.
SUCCESS STORIES
Additional Income With eRezeki
“Kama works as a technician as his permanent job. However, with the current economy situation, he needs to find ways to generate more income to support his family. He saw an opportunity as freelance rider after joining eRezeki programme and successful generate additional income.”
Kama Rizal
Goget / ZeptoExpress Rider
RESOURCE CENTRE
Malaysia's Sharing Economy: Are we up to the challenge?
Sharing Economy in Retail and F&B sub-sectors
Digital Platform Work: How digital access and competencies affect job-seeking
Have any enquiries?
Please write to us and our representative will contact you.
FREQUENTLY ASKED QUESTIONS
Sharing Economy platforms/providers/operators in all economic sectors having a valid business entity with a permanent establishment (business entity) in Malaysia can apply by complying with the following mandatory criteria:
- A registered legal entity with SSM and incorporated under the Companies Act, 2016.
- Carry out one or more types of *Sharing Economy promoted by MDEC.
- Assets – based services (temporary access to owned physical assets)
- Intangible (skills, time) (collaborate or exchange less-tangible assets)
- Core business activity is part of one or more Sharing Economy models that will benefit the Malaysian community as follows:
- Digital Micro Tasks: Simple online tasks that can be completed digitally within minutes and do not require prior experience or a specific skill to perform.
- Digitally Enabled Tasks: on-demand physical tasks/ location-based services (LBS) that are distributed online but require on-site presence and may require specific skills.
- Digital Work: Professional work, mostly domain-specific that is performed digitally and requires specific skills and qualifications. Commonly offered through assessment or bidding.
You can register your application with us at the registration section HERE.
- Exclusive Access
- Access to trained gig workers and freelancers
- Participation in regular talks and seminars, exclusive discussions and roundtables with leaders of industry, government agencies and ministries
- Brand Awareness & Business Opportunities
- Participation in relevant programmes by MDEC can either increase the adoption of the platforms’ services or increase the number of gig workers and freelancers, ultimately expanding their market and brand awareness
- Support & Collaboration
- Access to various forms of support, e.g., an approval letter to operate during National Recovery Plan, regulatory issues, etc.
- Access to the Sharing Economy network of mentors.