The complexity and lack of familiarity with blockchain has made onboarding mainstream users to the crypto space one of the industry’s most formidable challenges. While this industry has produced many impressive and innovative solutions, the average person has little contact with blockchain on a daily basis.
ShareRing is helping to change that in a big way. Our OneID system is scheduled to become the lynchpin technology in Thailand’s Electronic Visa On Arrival (eVOA) system.
Since the introduction of the eVOA System, there have been over 30 to 40 eVOA Providers on Google selling eVOA related services. It is important to note, however, there have only been two eVOA Partners working with the Thai Government in relation to the eVOA System. This means that most of the providers we see today are resellers only.
By having only two eVOA Partners working with the Thailand Government to provide the critical back-end infrastructure to the highly sought after eVOA System, it has resulted in a large number of startups and companies willing to partner with eVOA Partners to offer reseller services. ShareRing will provide the core technology stack (backend infrastructure) that will be used by one of the two eVOA Partners.
The new eVOA System introduced by the Thailand Government eliminates much of the hassle involved in entering the country. The Government of the Kingdom of Thailand has implemented a Thailand eVisa on arrival online. The Thailand Online Visa is an electronic travel authorisation which is intended to allow citizens of eligible countries to enter Thailand mainly for tourism purposes.
This is a strong validation of ShareRing’s OneID System. Immigration controls are some of the most scrutinised processes in any branch of government, and if the OneID solution can operate to their standards then it is truly business-ready. See: Thailand ETDA Phase 2 framework.
We are providing our OneID product for Thailand eVOA that allows 5 million plus travellers from 20 countries including China and India to complete the visa process on their mobile through our app. This provides a streamlined immigration process that negates the need for an expensive and time-consuming process when you get off the plane. Fraud is mitigated with several extra layers of security in the back end including our blockchain (ShareLedger) consensus model that makes all data immutable and all but impossible to hack.
Big numbers
Thailand is one of the world’s main tourist hotspots, with over 38 million travellers visiting Thailand in 2018.
The eVOA is available to 20 different countries’ citizens. It is intended for those who will be holidaying in Thailand and not working in the country. The key target market ShareRing will initially focus on is China and India, two of the largest populated countries in the world.
The biggest benefit of an eVOA compared to a regular tourist visa is that the user saves two trips to the VFS office, gets their eVOA instantly at home with online payment and enjoys a dedicated fast lane instead of waiting in long lines at the border.
From China alone, almost half a million travellers per quarter travelling to Thailand require visas. This is also a region where blockchain technology has shown the most interest level from the public. With this partnership, ShareRing will gain a route to a very large and receptive market worth potentially hundreds of thousands of users per month. See: TKC Alliance and ShareRing in Thailand.
ShareRing’s secret to landing this partnership was the streamlined and user-friendly onboarding process that the OneID App offers. OneID is designed to be the opposite of the cumbersome KYC AML hoops that take days. Speedy user data collection, agile and secure. See: Thailand workers caught in identity friction.
Where we sit.
ShareRing has been building this technology since 2018. The encrypted Vault and self-sovereign ID model we put in the original whitepaper are the same architecture under everything we deploy today.
If you want to discuss privacy KYC at country scale, the door is open at sharering.network/contact.
By ShareRing Team of ShareRing.
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