The ShareRing Network (SHR), a blockchain project creating a unified ecosystem for the travel, sharing, and on-demand economy is being added to the Fireblocks Network; the industry’s most secure digital asset transfer network.
Creating a transfer and settlement network with institutional-grade security allows funds, HNWI, and other institutional entities to gain exposure to ShareRing Network and participate in the larger digital asset economy.
This Fireblocks integration ensures anyone who is not yet an on-chain SHR participant, can become a part of SHR’s decentralized ecosystem in a secure manner. With adherence to the same level of security that the financial services industry was built on, this integration greatly improves the ability for ShareRing to bolster its existing partnerships with Viator, HomeAway, Dhipaya Insurance, eVOA Thailand, BYD and other key stakeholders in the Asian market.
— ShareRing (@ShareRingGlobal) June 26, 2020
The ShareRing Ecosystem
Its the distributed ledger technology(DLT) that powers ShareRing. By leveraging DLT, ShareRing becomes capable of streamlining on-demand economies with their ShareRing Shop app. As well, ShareRing will also help to blend the fragmented travel and rental (gig) economy across several targeted sectors with their ShareRing travel app, including but not limited to hotel check-ins, activities, flights, insurance policies & claims, visa and tourist applications, COVID passport, self-sovereign digital identity, mobile wallets, payment solutions, and vehicle rentals.
The ShareRing Shop app will go live with an initial launch across Australia and key markets in South East Asia in August, followed by a global launch in 2021. Moreover, ShareRing travel app is ready to go live when the travel economy recovers from the COVID-19 Pandemic.
“The ShareRing platform is built on distributed ledger technology, which means every transaction is secure and users’ identities are checked and authorized before a rental agreement takes place. This also allows for a quicker and more secure booking process. ShareRing offers lower fees to both the merchant and user; with seamless cross border payments.” said Tim Bos, Co-founder, and Chairman of ShareRing.
ShareRing’s value proposition includes travelers being able to securely book and pays for over 2.6 million hotels/accommodations, 1.2 million car rentals, 200,000 activities, and flights in over 200 countries using fiat or crypto. Furthermore, the company has made strategic partnerships with key logistics and travel firms to streamline the customer experience by combining their ShareRing Shop app with their travel app, allowing customers to securely book all their travel needs as well as purchase goods locally from one app.
As the world becomes increasingly more global, so too are the businesses that power this international economy. When operating in a global marketplace, relying on domestic payment processors, merchants and other localized stakeholders are inefficient. Therefore, SHR signals the new era of global consumerism, where participants do not need to rely on multiple accounts, in multiple jurisdictions to travel and shop. Instead, people can use SHR to travel, explore, purchase goods from local businesses and live abroad all from one secure account.
ShareRing (SHR) is an enterprise-ready platform with a blockchain solution geared towards creating a unified ecosystem for the travel, sharing, and on-demand economies. It is ShareLedger, a decentralized and distributed ledger, based on Tendermint that supports the ecosystem. It is a highly efficient blockchain engine, allowing for greater scalability, flexibility, and transaction speed compared to other blockchain platforms.
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through patent-pending SGX & MPC technology. They have secured the transfer of over $30 billion in digital assets and have a unique insurance policy that covers assets in storage & in transit.