NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Blockchain Platform Is on the Verge to Developing a Tokenized Sharing Economy

NewsBTC
NewsBTC
7 years ago
3 mins read
sharering

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

New research highlights that by the end of 2018, 66.3 mln people will use the sharing economy. Defined as an economic ecosystem where private entities share services and goods, studies predict that the industry will one day be valued at $1.93 tln. Ruled by sharing economy giants like Uber, AirBnB and Lyft, other companies are catching up on the growth potential of the new industry.

As young tech startups and industry giants fight for supremacy, others are looking at the sharing economy from a different perspective. By implementing Blockchain-powered solutions, it is now possible to share new types of assets, like storage capacity, computing powers, and more. The problem with the sharing economy is that there’s no single platform to streamline access. Consumers have to sign up on multiple platforms to rent cars, book accommodation, or secure other goods and services.

To solve the issue of trust and improve transactional transparency, new Blockchain-based platform ShareRing is looking to become a disruptor of the sharing economy. By developing an all-in-one app, the project is looking to integrate existing sharing platforms (e.g. Uber, Lyft, Airbnb) into one interface. This way, users will be able to access sharing goods without dealing with multiple accounts.

Keaz technology at the core of ShareRing

The idea to create a single app for renting, borrowing and sharing assets first emerged about 4 years ago from the minds behind international car-sharing leader Keaz. At the time, technological limitations didn’t allow the Keaz team to develop one app to provide universal access. Therefore, they focused on becoming the world’s first platform for sharing vehicles on a global scale.

Now, the team plans to use the perks of Blockchain technology to fill in the gaps and solve issues that were once holding back the sharing economy. With office across the United States, New Zealand, Hong Kong, Vietnam, and Australia, the technology that will backup the ShareRing platform is KeazACCESS API. Released back in 2015, KeazACCESS is deployed in over 300 locations globally with thousands of daily users catering to three major global markets – Internet of Things  (IoT) integration, Sharing Economy, and Vehicle and Passenger Mobility – and its end-goal will be work hand in hand with the ShareLedger Blockchain to take ShareRing to the next level.

A dual coin system powered by the ShareLedger Blockchain  

ShareRing will operate on its own custom Blockchain called ShareLedger – a smart device system – which will make use of the KeazACCESS framework to ease both access and on-demand use of different assets within the sharing economy. The new Blockchain will feature a dual coin system to guarantee transparent, reliable and highly secure transactions on the platform.

The ShareRing utility token is SharePay (SHRP), which will act as a base currency for sharing services. Customers can pay in SHRP for renting assets, whereas the second token – ShareToken (SHR) – is reserved for providers. Its use will be to pay for access to the ShareLedger Blockchain (e.g. addition of smart contract and assets, renting out assets).

By introducing smart contracts, ShareRing ensures a trustless payment structure for renting, borrowing and sharing assets globally from a single place – the ShareRing app. Currently, under development, the app will leverage geo-location services to allow users to see and access sharing services in their area.

After winning 1st prize at the 2017 Blockchain Hackathon in Vietnam, ShareRing’s popularity skyrocketed. Global partners have joined the mission, with more names to come as the project development advances. The ShareRing Public Pre-sale is live throughout the month of April. To participate, a minimum contribution is required.

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

PEPENODE Brings Gamified Utility to Meme Coins—Is This the Next DOGE-Like Surge

PEPENODE Brings Gamified Utility to Meme Coins—Is This the Next DOGE-Like Surge?

DOGE may have started out as a joke, but it rewrote the rules of what a meme coin could be....

ericdunne519 3 days ago

CoinPoker推出《創作者聯盟》: 撲克界最具突破力的聲音攜手出擊

重磅消息即將揭曉!三位備受矚目的撲克內容創作者——Ryan Depaulo、Frankie C 與 Corey Eyring,攜手 CoinPoker 組成《Creator Squad 創作者聯盟》。...

newsbtc 2 days ago
Next Big Crypto? Why SpacePay Should Be on Your Radar This Summer

Next Big Crypto? Why SpacePay Should Be on Your Radar This Summer

Most crypto payment projects sound great on paper, but fall flat when it comes to real-world use. SpacePay might be...

ericdunne519 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

PepeNode打破傳統預售的創新「挖礦式迷因幣」

kamany 1 day ago
Best Crypto Presale Right Now? PEPENODE Could Be the Meme Coin to Explode

Best Crypto Presale Right Now? PEPENODE Could Be the Meme Coin to Explode

ericdunne519 22 hours ago
Why Analysts Are Calling SpacePay a Must-Watch Altcoin in 2025, Presale Ongoing

Why Analysts Are Calling SpacePay a Must-Watch Altcoin in 2025, Presale Ongoing

ericdunne519 3 days ago

Premium Sponsors

Press Releases

  • アルトコイン注目:リップルCEOが2030年に暗号資産市場25兆ドルを予測

    ...

    1 hour ago
  • BAY Miner

    BAY Miner Launches Next-Gen Mobile App: Unlock $8,777 Daily...

    2 hours ago
  • XRP’s market capitalization surpassed USDT, while DOT...

    3 hours ago
  • ETHスポットETF資金流入急増、今買うべき仮想通貨おすすめ3選

    ...

    4 hours ago
  • Най-добрите Meme Coin ICO-та за купуване преди алткойн сезона през 2025 г.

    Най-добрите Meme Coin ICO-та за...

    5 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.