First Session Held At 12AM UTC

Hello! I’m still in HK! Tell me how you felt the event went!

The HK Launch event was a huge success. We had an expectation that about 80 people would turn up, but we ended up being over capacity with 130 guests. Our guests were from a range of areas, including partners, investment funds, ShareRing industry reps, and more.

I’d like to know more about Tim’s plans to get businesses using the platform. How is ShareRing going to communicate with these businessess and convince them to get on board? What are the initial sharing sectors? In which countries? Once past the initial push, how do you see the expansion playing out over the first two years after the mainnet has launched?

As opposed to the huge number of providers who have proactively contacted us already, we are building a strong sales team, with either a focus in a specific geography or a focus across a vertical (ie. food and beverage, agriculture, travel, etc). Their job is to identify providers that we will work with and also build user stories to understand the process that they want to follow to use the platform. Our initial pilot countries are HK and China, Australia, UK and some parts of the US. We are also talking to some people about a couple of countries in Europe.

Can you give me a little more information on the DJI partnership? Are they looking to work with ShareRing to utilise the sharing economy?

DJI has put us in touch with a couple of their primary distributors to work with them on the use cases for the rental of drones..either to corporate and government, or to consumers and at trade shows. Off the back of this announcement, we’ve also had a number of drone retailers contact us to see how they can get on board.

Will CAM pre-sale investor, Tim Ennking, be involved in advising ShareRing further? As Tim was pretty involved in ‘supporting Presearch as seen from its CAM website.

Nothing is confirmed in that area yet. It’s been mentioned at a high level from them, but we haven’t progressed with that discussion yet.

Hey Tim. Did you manage to hire new people lately and who are the people you hired will be working on?

We’ve hired lots of people.. too many to mention in this AMA. The key people will be progressively added to our website. In particular, I’ve just made an offer to someone in the UK who will be our ‘chief of staff and investor relations’. She will be working directly with me to help keep things running smoothly and get the right messaging out to our token holders.

On top of that, we have more developers starting soon (app dev and UX), and also some sales people. We also have a new ‘due diligence’ manager starting in HK on a part time basis.

There should be many challenges in running a startup especially that which is as ambitious as ShareRing. Can you share the top 3 concerns or challenges that ShareRing are facing and how are you coping with team management? For example, in terms of technical development and talents, managing project execution with partners, etc?

Running a start-up is all about balancing the priorities. We have a list of tasks that’s very very long, so we need to make sure we prioritise the right items. Also, in terms of the rollout of the product, the main challenge is to make sure we balance the community of users with the number of providers on the platform. That will mean ensuring that our sales and marketing hit the right spot to achieve that balance.

For technical challenges.. we need to make sure that we have the design and user stories 100% correct before the blockchain is locked in. Unlike app dev or traditional backend dev, it’s very hard to make ‘live’ changes to a blockchain once it’s deployed.

Just to confirm, for everyone else too, Users won’t need to know crypto to use this platform right? Just credit card and direct token conversion in the background? Or Will you always need to buy tokens first, even if it is with CC? If so, user can still opt to use tokens they got from the ICO / exchanges to use the platform too?And for companies / people sharing, will they get paid in tokens? local currency or optional?

Optional. Some may want to get paid in fiat, some may want tokens. It’s an option that they can change through their account settings.

Cool, and similar with paying. Who will handle the token conversion?

That’s automated on our back end. We’re talking to a couple of blockchain companies about managing the token ‘swap’ for us. I can’t mention who they are yet.. but you can probably guess.

Blockchains aren’t private, companies can’t store data on public ledgers without compromising data privacy rules. Privacy layer is huge.

Yes, that’s correct. You also have GPDR in Europe to think about. Our approach to this is that the ‘identifiable’ data will be stored off chain, but a hashed link to that data will be included in the blockchain to still make it immutable. ie. When someone does their KYC.. we won’t store all that data on the chain, but we will store acknowledgement that the KYC was done, and what type of KYC it was.There was a long discussion about this yesterday at a transport conference that I was talking at. One of our lawyers (Darren Sommers) was also talking, and there were a lot of questions around privacy, state records act, GPDR, etc.

So double peak and CAM are investors? RAMP is assisting with the ICO? How does GTI Holdings fit in? (I searched for them and it said they produce and sell yarn and sweaters… could be the wrong one though)

CAM = Investor

Double Peak = Investor and assisting

Ramp = Advisory and book building (and some investment)

GTI Holdings — They have recently pivoted from being a clothing manufacturer to being a tech company (there’s a trend in HK for companies to be doing this) with a focus on the sharing economy and big data. Our partnership with them is highly strategic, as they (and their chairman) have a broad range of contacts in HK and China that will help us grow our footprint in both companies. They are also working closely with Huawei and a number of other tech companies on a few big data projects. I am also going to be acting as an advisor to their board to help them broaden their skills in the sharing economy.

Do you have anymore conferences or meetups planned beyond Consensus in NY?

We’re looking at RISE in HK, we also have a tour of Asia that Helen and Rohan are doing next week. They’ll be presenting in HK, Singapore, Tokyo, Seoul, Shenzhen… all in 1 week! There’s also a blockchain conference coming up in Melbourne that I’ve been asked to speak at, then Malta in November.

The providers who want to get on-board may not have the resources to build the right user story on the platform. Will ShareRing support them on the build out?

We will. This will also add to our toolkit for helping new providers in the same area. We’re building case studies already for that.

I know this has been asked many many times Tim. But do you have any new tidbits you can reveal about master nodes?

Not yet! It’s not a focus for us at the moment, we will be putting a lot more focus into the modeling of the tokens required, payout, etc. after the main sale is complete.

As we are about to enter potentially one of the biggest bull runs yet ethereum could realistically double in value from when the eth value was locked in for presale. would anything happen in this event?

We have no plans about that, but if someone sends when ETH goes up, we will be using the ETH rate at the time of the first confirmation of the transaction.

How many providers do you anticipate will be on the platform come launch time?

200+

Will there be a list of these providers released soon?

Not yet.. we’ll release the names of the smaller ones as we get closer to the launch. We may de-prioritise some, or move others to the top of the list.

As in to say that you won’t be announcing the large ones until the platform is launched?

We will progressively add some of the more strategic ones.

Are there any B2B projects that are well on their way to implementation which would up and running by main net launch towards the end of the year?

We have 2 very very strong contenders. They’re both under NDA.

Tim, you mentioned 200 will launch. Are these definite or does this exclude potential ones that are yet to commit? If so, how many are there in that bucket?

We’ll reveal more info on that later…