ShareRing (SHR) is the company that developed the ShareRing blockchain. The company recently announced that it would be working with GDA Capital. ShareRing expects to get growth capital from this partnership. Besides that, it expects that the partnership will spur on the distribution of the SHR token, which is the native token of ShareRing.
How ShareRing Operates
ShareRing was designed as an enterprise-grade blockchain with a focus on the sharing, travel, and on-demand sectors. To achieve its goal, the company behind the blockchain launched the sharing travel app. With the app, the founders hope to create a comprehensive customer experience that allows travelers to navigate through every aspect of their trip in one app. For instance, they can book their hotels, flights, visa applications, access mobile wallets, payment solutions, and COVID19 certification in one app.
What the Leaders Had to Say
To make this goal a reality, GDA Capital will provide growth capital. Besides that, they will assist in the distribution of the SHR tokens to institutional players. According to Michael Gord, the GDA Capital co-founder, the ShareRing Network is ready for real-world activations. He notes that ShareRing has already acquired numerous partners globally.
Tim Bos, the head of ShareRing said that it was a privilege to collaborate with GDA Capital. He pointed to their years of experience and expertise as one of the reasons they decided to work with them. Bos added that GDA Capital was one of the leading firms when it came to supporting blockchain projects. He also said that the partnership would open doors for them in areas where ShareRing was already operating.
The ShareRing Business Model
ShareRing has several potential benefits for travelers. For instance, it could make it possible to book and pay for accommodation at over 2.6 million hotels and book over 1.2 million rental cars. Other services that can be accessed via their platform are flights in over 200 countries and over 200,000 leisure activities. Users of ShareRing can pay for services in crypto or fiat. The company has been actively forming partnerships globally to create a seamless customer experience.
The company was co-founded by Tim Bos and five others. They recognized the potential of the blockchain to be a transformative force in the fragmented sharing industry. Earlier, they launched Keaz, which proved to be a successful car-sharing venture. In 2019, Wunder Mobility acquired the venture. They use the knowledge and experience they gained from that venture to launch ShareRing.
Who is GDA Capital?
GDA Capital is a global merchant bank that focuses on the emerging tech sector. The company has offices in New York and Toronto. Thus far, they have assisted dozens of tokens to achieve market success for numerous clients globally.
ShareRing has a novel idea that shows a lot of promise. By collaborating with GDA Capital, it will help to ensure that their goal of introducing crypto and blockchain tech to the $7 trillion travel sector will succeed.