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Toolbuddy digital platform – A conceptual solution in peer-to-peer rental marketplace for tools and equipment in Malaysia

Ahmad Faris, Muaz and Azmir, Mohammad Hafzan and Ahmad Dahlan, Abdul Rahman (2017) Toolbuddy digital platform – A conceptual solution in peer-to-peer rental marketplace for tools and equipment in Malaysia. International Journal of Computer Science and Information Technology Research, 5 (4 (October 2017-December 2017)). pp. 114-129. ISSN 2348-1196

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Abstract

This paper proposes a conceptual solution to encourage sharing economy as a new disruptive economic force nowadays by providing an online digital tool-sharing platform, named ToolBuddy. ToolBuddy is a Consumer-to-Consumer (C2C) business model which aims to provide an online platform for tool-owners and renters for peer-to-peer sharing of their tools and equipment in short term from a nearby location. This platform provides opportunities to rental provider company to feature their tools and equipment. Conducting Literature Review and benchmarking against current world leading companies that provide tool-sharing solutions by utilizing the nine blocks of Business Model Canvas (BMC) and Value Proposition Design Canvas (VPCs) framework, establishing Strategy Canvas of key competitors, identify solution gaps, and establishing the Environmental Map that incorporates megatrends, and Industry 4.0 have been used as the methodology for this paper.

Item Type: Article (Journal)
Additional Information: 6250/61031
Uncontrolled Keywords: e-commerce, on-line platform, tool-sharing, equipment, sharing economy, BMC, VPC
Subjects: T Technology > T Technology (General) > T55.4 Industrial engineering.Management engineering. > T58.6 Management information systems
Kulliyyahs/Centres/Divisions/Institutes: Kulliyyah of Information and Communication Technology > Department of Information System
Kulliyyah of Information and Communication Technology > Department of Information System
Depositing User: Mr Abdul Rahman Ahmad Dahlan
Date Deposited: 08 Jan 2018 10:08
Last Modified: 03 Feb 2018 14:20
URI: http://irep.iium.edu.my/id/eprint/61031

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