Qualitative and quantitative models of smart contracts implementation in the sharing economy using a case study of Delimobil

What is it about?

The sharing economy has experienced significant growth, with companies like Uber, Airbnb, and car-sharing services reshaping traditional industries. This paper investigates the potential impacts of smart contracts on the sharing economy by integrating both qualitative and quantitative analyses of Delimobile case to understand their effectiveness, influence, and sustainability prospects. Our study comprises six key components: (1) a comprehensive description of the sharing economy and smart contract technology; (2) the proposal of a generalized business model for sharing economy companies; (3) the identification of business model attributes where smart contracts can be most effectively applied; (4) a qualitative examination of the effects of implementing smart contracts on each attribute; and (5) a quantitative revenue and costs models assessing the car-sharing industry before and after the application of smart contract technology, focusing on a case study of Delimobile, a leading car-sharing company; (6) comparative analysis of the cost of using smart-contract technology compared to Delimobil's current IT infrastructure . Our findings demonstrate that while smart contracts incur higher costs than the current IT infrastructure, their implementation leads to a significant increase in overall revenue and a reduction in operational costs. This results in an overall profit increase, providing strong evidence that smart contracts have the potential to be a transformative technology in the car-sharing industry, particularly for improving efficiency and profitability. This integrated qualitative and quantitative analysis offers valuable insights for businesses contemplating smart contract adoption and contributes to the academic discourse on blockchain technology in the sharing economy.

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