Peer-to-peer boat sharing (Part 1)

The internet has been a life-changing tool for all humanity, affecting everything from the way we learn and shop to how we do business and entertain ourselves. Perhaps one of the most controversial elements of the World Wide Web is how accessible it's made us to each other. Social media platforms have given us a chance to connect with long lost friends from our youth but they've also been the source of heated debates over privacy issues and concerns about information security. 

New business initiatives like crowdsourcing for information and crowdfunding for financial support have also risen from this new accessibility. We're now able to utilize peer-to-peer initiatives through our smartphones and find a stranger willing to loan their car or use it to taxi us around town. That's why it was only a matter of time before technology caught up with the way we use our boats. 

According to statistics provided by the National Marine Manufacturers Association (NMMA), a boat owner's vessel can sit unused for roughly 339 days annually, while still incurring insurance, maintenance and storage fees along with other expenses. According to a Trade Only Today article, this is the condition that has led to the rise of a handful of companies who facilitate peer-to-peer boat sharing initiatives. 

Requirements to engage this service often mean completing questionnaires, affidavits and possessing a minimum of two years of boating experience, although the requisites vary among the different organizations. Fraud protection checks are utilized as well as this is a relatively new enterprise that carries uncertainties along with its potential benefits.

Ultimately, whether a boat is used in a peer-to-peer boat sharing service is up to the owner. Nevertheless, if you're an owner looking to improve your vessel with the best boat accessories and boat parts, contact ePal today for all the products you need! 

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