ShareRing, a project that is dedicated to the creation of a unified blockchain platform for the sharing and travel industry, has launched the first contact-tracing passport for the COVID19 era. Travel insurance firms, e-visa on arrival systems (eVOA), hotels, retail shops, and airlines will all benefit from this “Proof of Health” protocol.
About the Contact-Tracing Passport
ShareRing is an enterprise-ready platform that uses the distributed ledger to create a unified ecosystem for the travel, sharing, and ecommerce sectors. The company has launched the first private contact-tracing passports. These passports can be integrated with travel insurance firms, e-visa on arrival systems (eVOA), hotels, retail shops, and airlines. The goal of the passport is to revive activity in the tourism sector during the COVID19 era.
According to Tim Bos, the ShareRing CEO, the contact-tracing passport will help hotels and other service providers in the tourism sector grant safer access to tourists. The result will be a boost to the international travel sector, which accounts for around 3% of the global economy.
These passports will allow travelers to upload important documents such as the eVOA, travel insurance, accommodation details, and the negative results of their COVID19 test. In some nations such as Thailand, Fiji, and Indonesia, having negative COVID19 results is a mandatory requirement before being allowed to travel.
Proof of Health via a Simple QR Code
The proof of health certification will be tied to a QR code, which can be scanned at the airport, hotels, and shops. ShareRing believes that it will allow for frictionless travel around the world.
Why The COVID19 Passport is Important
Recently, there has been a lot of scrutiny and criticism of government contact-tracing apps. Many of them simply lack adequate data security measures. ShareRing leverages Blockchain technology to provide a transparent solution.
The passport is the first self-sovereign identity-storing model that effectively deals with the issue of data anonymity and integrity. User details are secured using distributed ledger cryptography and they cannot be altered, which prevents fraud and falsification. The ShareRing COVID19 passport also helps to deal with the challenge of manual contact tracing.
The ShareRing app offers a great opportunity for the creation of a domestic and international standard for COVID10 contact tracing apps, which could help to revive the international tourism sector. It helps businesses within the industry remain open without compromising the safety of their customers. The app has been designed to be integrated into the existing contact-tracing apps without the use of the ShareRing brand.
Thus far, the ShareRing ecosystem has received a lot of support from numerous venture capital firms. These firms include Alphabit, Alpha Sigma Capital, and 12 Peers Capital Markets. In addition, GDA Capital recently partnered with ShareRing to provide growth capital, and help distribute SHR tokens to institutional players. The ShareRing app has thus far been integrated into over 2.6 million hotels and service providers globally.
One of the most widely affected industries by the COVID19 outbreak has been the travel industry. By improving the efficiency, and helping service providers check the health status of visitors, contact-tracing passports could help revive a sector that was booming not too long ago. In addition, the technology could be the “new normal” moving forward in the travel industry.