Sharing means profit but not without risk

RESULTS of this disruptive innovation have been extraordinary. Total revenues for the five most prominent sharing economy sectors - peer-to-peer (P2P) finance, online staffing, P2P accommodation, car sharing and music/video streaming - are expected to be about £9 billion (S$19 billion) in the UK alone by 2025, up from just £500 million today, according to PwC.

While this innovative economy has high growth expectations, there is also the emergence of new risks that need to be addressed to ensure a sustainable future for all participants.

Operating exclusively online, the sharing economy can take advantage of a global audience and attract users on a worldwide basis or simply target a specific region.