ShareRing is a global decentralized sharing ecosystem. The network is powered by the blockchain with a focus on the travel and sharing industry. They recently revealed to Visionary Financial that they had officially joined the China Blockchain Service Network (BSN). Their membership in the BSN is in line with their mission to eliminate the barriers to entry when it comes to utilization of the blockchain globally.

Why it is a Big Deal

The Blockchain Service Network is a state-backed initiative in China that has the goal of being a leading infrastructure provider for firms in the blockchain sector. For a project to be accepted into the network, it has to have the potential of making an impactful contribution to the development of the global blockchain ecosystem.

Developers and businesses in the blockchain space will benefit greatly from the enterprise-ready DLT solutions created by ShareRing. It will free them up to focus on innovation and programming smart contracts by reducing the time and effort required to connect blockchain technology with legacy systems.

What the Leadership Team Had to Say on the BSN Partnership

Commenting on the partnership with BSN, Tim Bos, the ShareRing CEO, said they were honored to be working alongside leaders in the blockchain industry such as Tezos, Neo, and Ethereum. He added that ShareRing has a common vision with other members of the BSN of lowering the entry barrier to blockchain technology. As a result, individuals and businesses could enjoy its benefits no matter their expertise, resources, or size. He concluded that he was confident they would achieve this mission.

The COO of the BSN Foundation, Michael Ma had equally positive sentiments. He said that the foundation was pleased to welcome ShareRing into the ecosystem. The COO noted that their ability to offer seamless integration with a wide range of DApps would help them to achieve their goal of creating a globally accessible and inclusive blockchain network.  

ShareRing is the Perfect Candidate for BSN

BSN wants to lower the entry barrier to blockchain technology globally. That mission lines up perfectly with ShareRing’s. The platform is actively using DLT to create enterprise-ready solutions for the global sharing industry.

Its solutions are designed to be low-cost and modular, which has the potential to reach the masses with ease, which is the main reason they were selected. On ShareRing, they already have a business model where clients can access the DLT solutions for as little as $20 a month.

Their DLT ecosystem helps to foster collaboration across a wide range of industries across international borders such as travel, logistics, insurance, and marketplaces. Thus far, their application has been connected with over 2 million merchants globally.

ShareRing Continued Developments

ShareRing is already making waves in the world with its proprietary contact tracing COVID19 passport powered by blockchain technology. The passport helps to preserve user privacy, ensures self-sovereignty, and works as Proof of Health at the same time. Their COVID19 passport can be integrated with e-visa systems, with the potential to have a positive impact looking forward.

The company understands the importance of securing user privacy. As part of their effort to ensure their operations are secure, they joined the Fireblocks Network. To fund its mission, ShareRing has received backing from GDA Capital, 12 Peers Capital Market, and Alpha Sigma Capital.  

The global blockchain ecosystem is still in the early days and it needs all the support it can get to ensure it thrives. By major players in the sector working together, it could help to ensure everyone around the world will benefit from the potential it holds.

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