Public Sector Can Benefit from the Shared Economy

Greater shared services in the public sector was among the main issues raised in a recent government report.

The report, titled "Unlocking the Sharing Economy" said: "Public sector organisations have started finding efficiencies by sharing back-office functions such as HR - but this is only the beginning."

The report also said the UK government should pilot a "sharing city" where transport, shared office space, accommodation and skills networks are joined together and residents are encouraged to share as part of their daily lives.

The report recommended the government embrace the opportunities of the sharing economy, to make its operations more efficient and make better use of public resources.

The report added: "The Department for Business, Innovation & Skills (BIS) and The Department for Environment, Food and Rural Affairs (Defra) should closely monitor the development of innovative and developing sharing business models, to ensure regulations keep pace with new ways of doing things, and to ensure the UK is at the forefront of the development of new, more sustainable business models."

The report urged the government to open up the identity verification system to private sector services, including sharing economy businesses in a bid to build consumers' trust in online transactions.

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