mayor, can convert its unnumbered idle assets into a limitless stream of revenue.
Again, idle assets are married to unmet wants, and the matchmaker takes a slice of the resulting deal.
Idle assets – parked cars, empty apartments – are put to productive use, helping us meet demand with what we already have.
"There isn't a business out there that doesn't have excess inventory or idle assets," said George Samenuk, the president and chief executive of TradeOut.com, an online exchange.
Access to other's idle assets is resulting in a significant behavioral shift: people start favoring usage over ownership, avoiding the latter's financial and practical constraints.
Citizens, objects, and utilities in smart cities can link up seamlessly by using ubiquitous technologies to significantly improve information sharing regarding the status and exchange of idle assets.
Libya's new ruling body, the National Transitional Council, has said it will honour all contracts signed with the Gaddafi regime - and the sooner the oil majors return, the sooner they can start generating profits from idle assets.
The media called them 'The Hidden Family.'" The fund quickly demanded that the board appoint independent directors, sell idle assets, raise dividends and disclose more details of transactions with its affiliates.
But the reality is that trends like the sharing economy, which also requires an electronic payments foundation, can potentially be larger in low-income and unbanked segments where idle assets have better chances of being monetized.
Sharing also allows an increase in purchasing power, as private individuals can monetize the use of their idle assets (for which no demand previously existed in the absence of peer-to-peer platforms) at a minimal marginal cost, allowing goods and services to be offered at low prices.
