Building trust between counterparties in the “Sharing Economy”

It’s been a while. Coming back to Reddit, Medium and the Crypto-Community after several months of hiatus, has made me see something different in the crypto market. New arrivals or normies have brought a different investment strategy, where market cap no longer dictate an investment decision.

Seeing the success of ICON’s ICO, a South Korean fintech company, I believe that future of alts will depend on a product/solid business model + official partnerships with Tier-1 Partners. Of course, an existing company with a working product would be even better.

Here comes ShareRing.

“The world’s first trusted token for sharing services One way to pay for sharing everything, no matter what it is or where you are”

Unlike Odyssey, Origin, BeeToken, where they are simple smart contracts on top of the Ethereum blockchain, that facilitates a small portion of what’s required to enable sharing economy transactions (i.e. The payment via a cryptocurrency, or a smart contract to provide a more secure sharing infrastructure)

ShareRing builds on top of their own blockchain also known as ShareLedger, with smart contracts, a custom (global) payment mechanism and a distributed API would allow ShareRing to build a scalable blockchain platform that providers could plug into. This effectively enables ShareRing to help customise any sharing economy provider to effectively run their logins, KYC, payments, security, asset management, and (in future) insurance through a single, trusted, blockchain.

As Tim Bos highlighted in one of his AMA “Origin is basically building a smart contract (what they’re calling a ‘protocol’) on top of the Ethereum platform. This puts them at the whim of Ethereum and whatever direction it takes (i.e. what if a fork essentially breaks the contract, or what if the Ethereum trading volume spikes again, and all transactions take too long to process). It also limits their ability to scale and offer a true one size fits all ‘platform’ for the sharing economy.”

What this means, ShareRing’s ShareLedger Blockchain can allow complete custom smart contracts within the platform (i.e. one sharing provider might have very different requirements to another), identity management, controlled transaction speeds, a stable token for payments, and so on.

Team

Of course, great technology also has to be backed by a solid team. I would like to reference to Swag, who has done a very impressive background research on his team.

Tim Bos used to serve as Associate Director at Barclays Capital, Project Manager at GE Capital, IT Infrastructure Manager at Atari Melbourne House, Principal Consultant at Software Spectrum and senior roles at Avanade Australia (a Microsoft and Accenture joint venture). He also served as Chairman of Advisory Board at rivusTV Limited.

Tim established bioWatch Australia in July 2004, with the purpose of building a scalable cloud based framework for tracking valuable assets around the globe. He successfully negotiated the multi-million dollar sale of bioWatch Australia to Procon in the USA in 2008. Since that time, the Procon group of companies renamed to Spireon has grown to over $150mil in revenue, with over 3 million vehicles tracked globally. His LinkedIn stated that he is a cofounder of Procon Telematics in Australia which is a joint venture between Michael Sissian and Procon Inc in the USA, which aims to aggressively expand its market presence in the Oceania region. Proof of this seen here stated that TBFC Pty Ltd as trustee for Michael Sissian (80%), AJS Holdings Pty Ltd (10%) and Timothy Bos (10%) have owned the company since 23rd August 2010 (when it was formed). Also see that Tim stated on LinkedIn about offshoring BioWatch to Thailand, you can see the app here

Tim then founded Caramavan in 2013 and sold it to ASX listed company Qanda technology in 2014. Tim also co-founded New Enterprise Services in 2012.

Tim founded KEAZ in 2013. I also read that Keaz has provided a couple of Whitelabel services.

Keaz clients are established entities. They include:

Municipalities such as County of Kern, Nevada and San Diego in California, Yakima County in Washington State and Christchurch City Council in New Zealand;

Community service groups such as Vision Australia in Australia and Jewish Family Services in New Jersey, USA;

Carsharing and Car Rental companies such as Europcar (AUS), Envoy USA, Yoogo NZ which is promoted by New Zealand Prime Minister and Lexus (AUS) are either partners or clients;

Partners such as Telstra (AUS), Toyota, and Merchants FM (USA)

More can be found at: https://www.reddit.com/r/ShareRing/comments/8el8w6/tim_bos_and_his_experiences_swags_research_dyor/

Notable Partnerships

Partnered with largest electrical car manufacturer

BYD is a technology partner. ShareRing are working with their automotive division to interface with their in vehicle sensors to assist ShareRing with one of the building blocks of the blockchain ShareRing are developing (IOT integration). One of the functions of the smart contracts is to use the oracles to query external devices to validate the status of an asset.

Partnered with largest drone manufacturer

ShareRing is working in collaboration with EE Group, a DJI distributor based in Melbourne, we are happy to share that DJI drones will initially be available for rental to consumers and corporate customers via ShareRing in Australia. More details will follow in the coming months so please stay tuned.”

The largest and most rigorous crypto fund in the US (Crypto Asset Management) has contributed to the ShareRing Pre-Sale. Since the founding of CAM in 2014, CAM have only contributed to 17 projects. Roughly 4 projects per year.

ShareRing joins MOBI

Along BMW, Bosch, Ford, General Motors, Renault, ZF, Accenture, Context Labs and IBM to form new mobility industry consortium fostering joint development of blockchain technology standards, pilot projects, and open source software tools.

ShareRing will run extensive startup program

Catalysing development on its platform. ShareRing are developing an ecosystem, giving clients the benefit from a ‘ready made’ community that will use their services when they launch. Clients and user will also have built in functionality that doesn’t need to be developed, such as ‘automatic escrow’, ‘IoT integration’, smart contracts to provide a trusted transaction, integration with insurance (more on that later), payment system that bypasses FX, etc.

Double Peak, GTI Holdings, Ramp Enterprises and more!

What’s Next?

Overall I am very bullish on ShareRing because of the business proposition, partnerships and a very strong team & advisors. Ultimately it all comes down to execution! For that, I wish Tim and his team godspeed.

Some links

Whitepaper

Telegram Group

https://sharering.network/#/en