We are excited to announce that ShareRing, a leader in decentralised digital identity solutions based in Australia, has joined the Select ID Network – the UK’s first comprehensive Reusable Digital ID scheme and marketplace for the financial services sector.
This strategic partnership unites ShareRing with a select group of top digital identity innovators, all dedicated to addressing the growing need for secure, seamless, and privacy‑focused digital identities. Select ID offers UK financial institutions a unified platform that provides access to a broad range of proven, reusable digital ID services through a single technical connection and contractual framework. This not only dramatically simplifies the customer onboarding process but also ensures that stringent regulatory requirements are met.
At the heart of ShareRing’s offering is our advanced blockchain‑powered verification platform. Unlike traditional, centralised systems, our platform enables true self‑sovereign identity management. This decentralised model ensures that users retain complete control over their digital identities, allowing for instantaneous, trustless verification of passports, national IDs, and driver’s licences from over 230 countries. The reusable digital ID model minimises the need for repetitive checks, streamlining the verification process and enhancing security.
Tim Bos, Founder and CEO of ShareRing, commented on the collaboration:
“Joining Select ID is a transformative moment for ShareRing. Our advanced decentralised verification technology, combined with Select ID’s unified approach, sets a new benchmark in secure digital identity solutions. We are proud to contribute to a network that will streamline onboarding for millions of UK consumers and provide unparalleled control over personal data.”
By leveraging the collective strengths of our partners, this collaboration aims to establish a reusable digital ID network that supports cross‑sector interoperability under the UK Government’s Digital Identity and Attribute Trust Framework. The initiative is designed to help financial institutions enhance efficiency, reduce risk, and offer consumers greater choice and control over their digital identities.
This strategic move not only marks a significant milestone for ShareRing but also reinforces our commitment to driving innovation in the digital identity space. As we continue to advance our technology, we look forward to the opportunity for broader adoption – both in the UK and potentially within Australian markets, particularly across financial services and technology sectors.
For more insights into this exciting development and how it will shape the future of digital identity verification, please stay tuned to our blog and follow our updates.
