ShareRing (SHR) is an on-demand platform. It centralizes a highly sharded sharing economy by aggregating shared services across all industries and geographies. Using their decentralized marketplace, users can securely access, pay, and connect services around the world. They are developing an ecosystem that is basically Amazon for the sharing economy.

ShareRing is built on distributed ledger technology, allowing the creation of a transparent, decentralized ecosystem that includes:

ShareRing app

Imagine getting off a plane knowing that all your travel needs can be safely booked and managed from your phone! No more getting scammed with passports, passport cards or bank cards.

ShareRing Store

Buy or sell anything with ShareRing’s multi-seller split platform, fulfill your business needs with easy-to-access service and offer same-day delivery to customers within 5km radius their store.

ID ShareRing

ShareRing’s flagship identity product, it’s time for a secure, manageable and decentralized identity management system.

ShareRing Pay

ShareRing Pay is their stablecoin that “hides” crypto confusion from end users. Payment for services and goods between the user and the service provider will be made using SharePay (SHRP).

ShareLedger

ShareLedger is a custom designed, immutable blockchain database built on top of the Tendermint blockchain. It is fast, highly scalable, and extremely flexible compared to existing platforms like Ethereum.

ShareToken (SHR)

SHR is the “gas” of the ledger. It is given to node holders to provide a consensus model of the ecosystem. It is also the “transaction fee” that vendors pay to use the blockchain.

Features and benefits

The ShareLedger blockchain platform will provide on top of traditional cloud/server sharing platforms:

Fast and easy “share” transaction verification.

• Immutable records of data.
• Additional properties can be added to the account, such as ID confirmation, rental history, property ownership, etc.
• SharePay is used by customers to pay property rent. Vendors use SHR to pay for their access to the ShareLedger blockchain, including adding assets, leasing assets, adding assets, adding smart contracts, and other features.
• A vendor can earn SharePay by renting out their property (e.g. car), then use those tokens to rent an apartment thanks to a multi-industry app.
• Earn more tokens by hosting a node.
• Custom “rules” can be added to your assets or wallet to allow for different “sharing” scenarios.
• Flexibility: You choose your own availability, rules, policies, and pricing.
• Cost savings: No contract locking, ultra-low fees.
• Security: All users are pre-verified through their One ID, giving you total peace of mind.
• Information: They give you advice and analysis to get the most out of their booking engine.

ShareLedger

ShareRing has developed an open source blockchain-based platform. Their custom designed distributed ledger, ShareLedger, captures one of the most recent developments in blockchain technology – the dual token mechanism.

ShareRing has developed several protocols on the ShareLedger blockchain (using the Tendermint framework), including an autonomous ID system, token-based rewards, blockchain-based reservation system, blockchain-based escrow system, and a blockchain-based escrow system. property management system, etc.

These protocols can be built by third parties separately or together with the rest of the modules. Additionally, ShareRing was one of the first to introduce a dual token mechanism when the project was first announced in 2018.

What is SHR Token?

SHR is the “gas” of the ledger. It is given to node holders to provide a consensus model of the ecosystem. There are also “transaction fees” paid by vendors to use the blockchain.

ShareRing Ecosystem

Car sharing and rental

Vendors with a fleet of cars can easily deploy blockchain technology, with varying degrees of integration.

Hotels and short stay

ShareRing sets the standard for seamless hotel bookings and short stay experiences, delivering a convenient, safe, sustainable and affordable future of travel.

Insurrance

ShareLedger streamlines, modernizes, and enhances outdated insurance infrastructure.

Logistics and transportation

ShareLedger defines a new era of tangle-free, uninterrupted logistics and supply chain.

Market

Increase sales, fast delivery and easy to use. Get your business online and become a ShareRing Shop partner today.

Cryptocurrency

Easily integrate your crypto tokens into the ShareRing ecosystem. Enhance token extensions and allow your holders to purchase or purchase services across multiple industries.

Charity

ShareLedger can revitalize charities by ensuring trust, security, and transparency in distribution and fundraising.

Development team

Tim Bos – Co-founder and CEO

He is an experienced blockchain engineer and entrepreneur who has founded a number of sharing services, including the global car-sharing platform Keaz, with offices in Australia, Hong Kong, Vietnam and the United States of America. . Prior to that, Tim served as VP at Barclays Capital, Program Manager at Avanade (a joint venture of Microsoft and Accenture) and Project Manager at GE Capital.

Peter David – Co-Founder and Non-Executive Director

Peter has extensive experience in all aspects of growing global technology businesses. As CEO, COO or General Manager, he has led several startups to achieve total revenue of more than $300 million. In 2013, Peter founded Keaz with Tim Bos and is currently the company’s CEO.

Neville Christie – Co-Founder and Non-Executive Director

As a senior member of ShareRing’s team and the company’s CIO, Neville Christie’s career spans multiple fields and roles. At various points, he has served as President, facilitator, innovator, entrepreneur, business advisor, venture banker, strategic innovation board chairman and futurist. .

Conclude

The ShareRing platform is built on distributed ledger technology, which means every transaction is secure and the user’s identity is checked and authorized before the lease takes place. This also allows for a quicker and more secure booking process. ShareRing offers lower costs for both merchants and users; with seamless cross-border payments.

According to AZCoin News

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