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Smart City Marketplace

Reference number
Coordinator KUNGLIGA TEKNISKA HÖGSKOLAN - Avdelningen för industriell ekologi
Funding from Vinnova SEK 500 000
Project duration December 2014 - August 2015
Status Completed
Venture Challenge-Driven Innovation – Stage 1 initiation

Important results from the project

The aim of the project was to investigate the potential barriers, requirements, solutions, business model and the conditions for a hyper-local marketplace that establishes the shared economy of communities. An identified requirement was that the market place should be a physical and the digital component of the services and products based on micro transactions, establish a consortium representing marketplace value chain, and to coordinate the process of preparing an application for stage 2 collaborative projects. All targets were met during the initiation phase.

Expected long term effects

A fully implemented sharing economy would for a household could mean an annual saving of 7% of the household budget and a reduction in waste volume of 20%. For Swedish households, this could mean an annual saving of 98 billion and 88 000 tonnes of waste and up to 2 million tons of greenhouse gas emissions. The project´s pilot implementation in Hammarby Sjöstaden and Stockholm Royal Seaport is expected to lead to a stronger local involvement in the shared economy.

Approach and implementation

The project began with a literature review analysis of existing solutions in the sharing economy: - Carpooling - Loan / leasing of goods - Marketplaces for simple services - Social network for neighbors - A small overview of the use of alternative currencies Two environmentally profiled neighborhoods were selected, and their selected stakeholders were invited to the workshops to plan the establishment of a smart city marketplace that can bridge the barriers identified for the sharing economy. An application for the UDI step 2 was created based on discussions with stakeholders.

The project description has been provided by the project members themselves and the text has not been looked at by our editors.

Last updated 25 November 2019

Reference number 2014-04330

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