ShareRing, A Digital Identity Blockchain Ecosystem, To Enhance Privacy, Security For Web3 Consumers

ShareRing’s function is to take away “friction” all through the world, and digital identities is a car that may “assist accomplish this.”

Tim Bos, CEO at ShareRing, said:

“Over time, there’s been a development for big firms to host an increasing number of information about you of their information warehouse, for the aim of offering you with a ‘higher service’. However as a consumer, you continue to want to provide all your private info to a brand new firm each time you join with them. And much too usually, there’s a hacker that positive aspects entry to, and leaks (or sells) this info.”

These information safety/privateness points pose one of many main issues that ShareRing strives to resolve; “a problem that has arisen within the Web2 period of the web which has led to the lack of autonomy on our private information.”

With out the power to handle your digital identity and footprint, “your rights to privateness and possession of information are on the mercy of third events.”

Self sovereign information has been on the “core” of ShareRing‘s philosophy, ever since its founding, and with the “reimagining” of the ShareRing model and web site, the agency claims it’s now positioned on the “forefront” of how ShareRing envisions frictionless entry with digital identities for Web3 and the trendy citizen.

With ShareRing, customers can “create their verifiable digital identification (ShareRing ID), retailer their credentials and property contained in the ShareRing Vault, and handle their digital footprint; all of this  accessible contained in the ShareRing app.”

Their new branding and web site is a mirrored image of ShareRing’s imaginative and prescient “for a world constructed on belief, the place digital identities present frictionless entry to companies and items in a verifiable method.”

ShareRing’s merchandise and options at the moment are additionally housed underneath 4 product pillars, particularly:

Entry Companies
Makes use of one’s ShareRing ID and Vault “to grant a consumer entry to companies, for instance eKYC with monetary establishments, or accessing occasions with NFTs.”
Present accessible merchandise: eKYC, Entry Occasions, Entry Occasions with NFTs
Options being explored: Entry Premises, Web site logins

Digital Life-style
Novel and progressive developments that make the most of one’s ShareRing ID and Vault.
Present accessible merchandise: NFT House
Options being explored: Web site logins

Foundational
This covers the expertise underlying ShareRing
Present accessible merchandise: ShareRing App, Staking, Swapping, Doc issuance
Expertise Presently in place: ShareLedger blockchain, Facial recognition, Optical Character Recognition, Ai studying
Options being explored: Zero information proof

Service provider Companies
Not but accessible. Extra information to come back as merchandise change into accessible.

In response to the platform’s builders, right here’s what chances are you’ll anticipate from the replace:

ShareRing’s tackle digital identities and self sovereign information
ShareRing’s method to eradicating friction on the planet by way of digital identities
Data on ShareRing’s product ecosystem
You may obtain the ShareRing App on iOS or Android gadgets
Study the ShareRing beta program
Upcoming: A information hub on blockchain and cryptocurrency
Upcoming: A devoted information weblog for ShareRing