The ShareRing platform is built on distributed ledger technology, which means every transaction is secure and users’ identities are checked and authorized before a rental agreement takes place. This also allows for a quicker and more secure booking process. ShareRing offers lower fees to both merchant and user; with seamless cross border payments
ShareRing is built on distributed ledger technology, also known as a blockchain. This technology provides a system where transactions are super secure, fast and immutable. This is because data is managed by a network of publicly controlled “nodes” that confirm the data is true and correct. There is no central authority. This becomes ‘decentralized’ as opposed to traditional ‘centralized’ data access and storage.