Shared Economics Stimulating Social Impact

Giving Old Technology a Second Life

I recently attended a round table discussion where I met one of the co-founders of a company called Revivn, which immediately sparked my attention as business employing a unique form of shared economics. While many of the more well know forms involve the shared consumption of a product or idea during a given period, Revivn promotes successive shared utilization over the life of a product. Using the most common illustration, Airbnb enables individuals to share an apartment when it would otherwise remain vacant – so for example, over the course of a year, 50 guests may stay in one residence. Revivn’s shared model is built on the notion of what I call consecutive consumption (think ebay meets goodwill), whereby technology that may be considered obsolete to one individual can be reset and repurposed for use by a new individual or community, extending the life of the device and promoting positive social impact.

I guarantee that anyone reading this either has an unused computer sitting at home or has seen an office closet filled with outdated technology. Revivn works with companies that have relatively obsolete hardware stored away in some corner, however, rather than allowing these devices to accumulate dust and decrease in value, Revivn helps repurpose these assets for social good, giving them a second life in the hands of in-need communities. During this process, Revivn will wipe these devices of their original data to protect any private information and distribute them to under-served communities, helping to spread technology and in turn, extend access to information and education – two crucial components of economic prosperity and globalization.

Check out some of the stories of people impacted by Revivn’s work.

 

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