Internet of Things in Gifting Economy | Gifting Economy

The Internet of Things (IoT) plays a significant role in gifting economies by facilitating community sharing and sustainable practices. The first IoT-based gifting economy platforms, such as ThredUp and Poshmark, emerged in the early 2010s. The use of IoT in gifting economies can create new business models, such as product-as-a-service. The use of IoT in gifting economies enables the creation of new forms of community engagement and social interaction.