Blockchain and the sharing economy — a match made in heaven? This startup plans to prove itThese days, it seems that consumers are willing to share just about everything in an effort to save a bit of their own money or to earn something extra. From renting a bike to get around in urban areas to monetizing your car as a Lyft driver, it seems like almost everyone has gotten involved in the sharing economy in one way or another.But the sharing economy isn’t without its limitations, especially when it comes to navigating an increasingly global marketplace. Most sharing companies require cash and credit card payments to process transactions, and when going international, such purchases will subsequently be subjected to a plethora of transaction fees.Blockchain technology has already made waves globally thanks to its ability to facilitate international transactions without those additional expenses. Now, ShareRing seeks to bring blockchain and the sharing economy together by creating a one-of-a-kind platform that could revolutionize the way we share goods and services.
These days, it seems that consumers are willing to share just about everything in an effort to save a bit of their own money or to earn something extra. From renting a bike to get around in urban areas to monetizing your car as a Lyft driver, it seems like almost everyone has gotten involved in the sharing economy in one way or another.But the sharing economy isn’t without its limitations, especially when it comes to navigating an increasingly global marketplace. Most sharing companies require cash and credit card payments to process transactions, and when going international, such purchases will subsequently be subjected to a plethora of transaction fees.Blockchain technology has already made waves globally thanks to its ability to facilitate international transactions without those additional expenses. Now, ShareRing seeks to bring blockchain and the sharing economy together by creating a one-of-a-kind platform that could revolutionize the way we share goods and services.
