How Langogo Is Translating The Sharing Economy Into A Lifestyle
image

Here’s a conversation for your next Uber ride, the sharing economy.

As defined by Investopedia, the sharing economy is “an economic model often defined as a peer-to-peer (P2P) based activity of acquiring, providing or sharing access to goods and services that are facilitated by a community based online platform.” It is the reason why you may now access a ride at the touch of a button and score the perfect vacation rental at a fraction of the price.

Sharing Advantages

Thanks to Airbnb and Uber, the sharing economy is projected to grow from $14 billion back in 2014 to $335 billion by the year 2025. Leveraging underused assets, such as private vehicles and homes, the sharing economy has created a space for mutual benefit, delivering cost advantage to its users and economic gain to its sellers. The online platform is community-based, and the advantages return back to the community as well, in a convenient two-way exchange. In recent years, the sharing economy has evolved and taken on many forms.

• Talent-Sharing-Several sites now act as career-matching agents, connecting freelance workers to companies looking to outsource and find new talent. From dog walkers and babysitters to writers, freelancing sites have garnered more and more opportunities across diverse communities.

• Peer-to-Peer Lending-Individuals may now lend money out to others and receive loans at a fraction of the cost compared to traditional lending platforms.

• Style Sharing-Can’t find anything to wear? Fashionistas can now sell or rent out the clothes they no longer want and find new looks on the same platform.

Owning Experiences Over Things

It all comes down to big data. The advent of the Internet has made it easier for us to find each other, to extend our assets to the larger community, and to find individuals to benefit. While the American dream was once a vision of a white picket fence surrounding the perfect home, it has now become a vision of collaboration and mutual gains, experiences over owned things. Millennials are certainly the biggest culprits. Honoring cultural experiences, travel, concerts, and social events over all else, the millennial generation has redefined happiness, finding meaning in shared experiences, and fulfillment in convenience rather than ownership. Among the millennial population, 78% percent would prefer to spend their hard earned cash on a social experience to an owned asset. Clearly, our comfort zones are evolving. While preceding generations found comfort in ownership and physical forms of status, the emerging generations are fulfilling comfort in connection. Seeking experiences outside of themselves and the things that they own, millennials are trailblazing the sharing economy, discovering deeper connections along the way. And what’s a better way to connect than to travel?

Cutting-Edge Translation and AI

Offering the world’s first mobile two-way translation device, Langogo is a sign of the times and a crystal ball for what’s to come. “I expect that you’ll see people talking with each other with Langogo when you travel cross-border in the next two years,” declares Ryan Zhang, Founder of Langogo AI. Langogo connects users to over sixty languages, with accurate translations and voice recognition. Although it isn’t just a translator, it’s an AI companion too. Euri, Langogo’s ultimate AI travel buddy is always there to assist users and act as a tour guide on their journey, wherever it may take them. Combing with a global network, the device allows users to access Wi-Fi hotspots and connect anywhere on the go while saving battery life so they can go even further.

Translating the Shared Economy

Much like Uber, Bird, and other leaders in the sharing economy, Langogo is dedicated to the convenience and the experience of its consumers. The device will soon be available to rent at hotels, airports and other convenient locations to encourage conversations that extend across the globe. “We want to start with lowering language barriers, so that we can connect with local people, experience their cultures, and understand people who live on the same planet with us,” says Zhang. That’s what the shared economy is all about, and with the help of Langogo, we are all speaking the same language.

Sep 16, 2018
  1. votalperformance reblogged this from menstyle1