ShareRing integrates with FireBlocks, the industry’s most secure digital asset transfer network, bringing enterprise-grade security to the ShareRing Network.

ShareRing integrates with Fireblocks, bringing enterprise-grade security

We are pleased to announce our integration with Fireblocks; an enterprise-grade platform delivering a secure infrastructure for moving, storing and issuing digital assets. 

Fireblocks enables exchanges, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through patent-pending SGX & MPC technology. 

They have secured the transfer of over $30 billion in digital assets and have a unique insurance policy that covers assets in storage & in transit.

A New Era of Global Consumerism

ShareRing is powered by distributed ledger technology.  By leveraging DLT, ShareRing is poised to streamline on-demand economies with our ShareRing Shop app.

Moreover, ShareRing will also help to blend the fragmented travel and rental (gig) economy across several targeted sectors with our ShareRing travel app, including but not limited to hotel check-ins, activities, flights,  insurance policies & claims, visa and tourist applications, COVID passport, self-sovereign digital identity, mobile wallets, payment solutions and vehicle rentals.

The ShareRing Shop app will go live with an initial launch across Australia and key markets in South East Asia in August, followed by a global launch in 2021. The ShareRing travel app is ready to go live when the travel economy recovers from the COVID-19 Pandemic.

ShareRing’s value proposition includes travelers being able to securely book and pay for over 2.6 million hotels/accommodations, 1.2 million car rentals, 200,000 activities and flights in over 200 countries using fiat or crypto.

Furthermore, our strategic partnerships with key logistics and travel firms streamline the customer experience by combining the ShareRing Shop app with our travel app, allowing customers to securely book all their travel needs as well as purchase goods locally from one app.

As the world becomes increasingly more global, so too are the businesses that power this international economy. When operating in a global marketplace, relying on domestic payment processors, merchants and other localized stakeholders is inefficient.

Therefore, ShareRing signals the new era of global consumerism, where participants do not need to rely on multiple accounts, in multiple jurisdictions to travel and shop. Instead, people can use SHR to travel, explore, purchase goods from local businesses and live abroad all from one secure account.

Benefits and Opportunities

The Fireblocks Network is the most secure and connected Asset Transfer Network in the world today with 55+ members, 26+ exchanges, and support for over 200 tokens.

With the Fireblocks Network, whitelisting, deposit address management, and test transfers are completely unnecessary, reducing post-trade operations from business days to seconds.

In addition to bringing Enterprise-Grade Security to the ShareRing Network, our integration with Fireblocks ensures anyone who is not yet an on-chain SHR participant, can be brought into SHR’s decentralized ecosystem in a secure manner.

With adherence to the same security protocols that the financial services industry was built on, this integration greatly improves the ability to bolster our existing partnerships with Viator, HomeAway, Dhipaya Insurance, eVOA Thailand, BYD and other key stakeholders in the Asian market. 

Lastly, this integration also creates a transfer and settlement network with institutional-grade security allowing funds, HNWI and other institutional entities to gain exposure into SHR and participate in the larger digital asset economy.

Read the full press release below.

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