ShareRing

ShareRing has pioneered the World's first user-focussed ecosystem for the issuance, storage, verification and sharing of personal information and key documents.

ShareRing ID, stored in your exceptionally secure and encrypted ShareRing Vault allows to hold documents such as Passport, National ID, Driving License, Health Information, Memberships and Certificates, safe in the knowledge that only user decides how and when they are accessed or used.

Established in early 2018 ShareRing is a technology business with staff distributed in 11 countries and 5 regions around the globe. Its origins were based in the sharing and rental economies and have evolved into verifiable digital personal information utilizing blockchain technology. ShareRing's core values include Security, Transparency, Flexibility and providing Privacy for users which are integral to our platform and ecosystem’s success.

ShareRing solves 3 problems:

1. Provides

Provides trust, control and transparency to you, through the use of our own ShareLedger blockchain, encryption processes and digital ‘fingerprints’.

2. Creates

We have created a seamless and highly secure platform enabling you to safely use your personal information and verifiable documents to access multiple industries and services, all from one app.

3. Stores

Stores all of your identity data, personal information, and verifiable documents in your encrypted ShareRing Vault. Your Vault is self-sovereign, meaning it is stored only on your personal device, not on our systems, giving you complete control and privacy of your information.

Usage of ShareRing ID is for:

- Access Solutions.

Access one-off sporting or cultural events, office, or a hotel, and reduce queuing at check-in using our digital entry process.

- Financial Services.

Streamlined, eKYC process to speed up and enhance the on-boarding and compliance process for financial institutions.

- Travel/Commute

Apply for a travel visa, express check-in/registration ,book a taxi, ferry trip, or activity.

- Rentals.

Rent a house/apartment, rent a car, bike, or trailer, peer to peer rentals.

- Education & Employment.

Educational certificate proofs, Vocational accreditations, Employment records, Recruitment & HR management.

- Other Daily Errand.

Buy groceries, order take-away/takeout, same-day local delivery.

What Is ShareToken (SHR)?

ShareToken is a digital utility token that is used to make payments for sharing services across industries and geographies on the ShareRing platform — which includes the ShareRing application, ShareRing shop and each user’s ShareRing ID.

ShareRing is an open-source blockchain-based platform that makes use of distributed ledger technology and a dual token mechanism.

According to the developers and founders of the ShareRing platform, the current service sharing economy is incredibly fragmented and multi-faceted, which can be overwhelming for consumers. The use of ShareToken on the ShareRing platform overcomes this issue by offering a single decentralized marketplace and digital currency that lets you securely access services around the world and pay for them.

In 2019, the creators of the platform and its corresponding digital currency turned their focus to the travel industry and created TravelRing — the first B2B consumer-first example of what is possible using the ShareRing platform.

Besides being used to pay for transaction fees on the ShareRing network, SHR tokens can also be staked to earn rewards, known as flowbacks.

Who Are the Founders of ShareToken?

ShareRing (and by extension the ShareToken) was co-founded by six individuals: Tim Bos, Rohan Le Page, Peter David, Neville Christie, Jane Sadler-Kidd and Barry Brewster.

Bos, David, Christie, Sadler-Kid and Brewster were already working on developing a car-sharing and rental technology provision solution long before ShareToken and ShareRing came into existence. They were already experimenting with making shared services more accessible. The creation of this white-label car-sharing solution called Keaz meant that the founders had familiarized themselves with what was needed to help consumers take advantage of specialist software for car-pooling, ride-hailing, and vehicle rentals.

Rohan Le Page, on the other hand, has an extensive history in the automotive industry, and served as ShareRing's chief operating officer until June 2020.

The rest of the ShareRing team hails from a wide range of disciplines and includes a mix of developers, engineers, designers, marketing experts and more.

What Makes ShareToken Unique?

ShareRing was one of the first platforms to implement an innovative dual token mechanism—these tokens are ShareToken (SHR) and SharePay (SHRP).

ShareToken is the utility currency that is used in the ShareRing ecosystem. Meanwhile, SharePay is a stablecoin that is used to make payments for sharing services through the ShareRing platform.

SHRP is used as payment for goods and services between the user and the service provider. The use of SharePay effectively minimizes the cryptocurrency-related complexity on the platform, reducing the number of friction points for inexperienced cryptocurrency users.

Meanwhile, ShareToken is used to power the ShareRing ecosystem and decentralized ledger, since service providers need to use SHP tokens to pay their transaction fees.

Both digital currencies work in concert to allow consumers to make the most of the ShareRing platform. The founders of the platform want ShareRing to be the “amazon of the service industry,” that is, a one-stop solution for accommodation, transport and miscellaneous activity services where there is no middleman and therefore no additional costs.