ShareRing Enhances Digital Identity Solutions by Merging ShareToken

To make sharing easier, ShareRing- a blockchain-based ecosystem providing digital identity solutions, has merged ShareToken (SHR) into the Ethereum and Binance networks through Multichain swap. 

Users will have the opportunity to swap SHR, ShareRing’s native token, between Ethereum and BNB Smart Chain. Per the announcement:

“For those who have been holding BEP20-SHR, you are now able to swap it over to ERC20-SHR, and subsequently use the ShareRing App to swap your ERC20-SHR into SLP3-SHR.”

As one of the user-focused blockchain ecosystems, ShareRing allows the sharing, verification, storage and issuance of personal information and key documents. 

Payments will be conducted by using ShareToken for sharing services across geographies and industries on the ShareRing platform. The report noted:

“Holders of BEP2-SHR can use the swap function inside Binance Wallet to swap from BEP2 to BEP20.”

ShareRing’s digital identity solutions have come in handy when revamping different sectors. For instance, the firm partnered with Chinese tech giant Tencent Holdings to deploy a blockchain-powered digital document and identity management solution to stimulate the travel sector, which is among the hardest hit by the COVID-19 pandemic. 

The company is also working on an anonymous contact-tracing passport, which could be combined with e-visas on airlines, travel insurance companies, arrival systems, retail shops, and hotels. Furthermore, facial recognition was to be used to boost data management and identity verification.

Previously, ShareRing joined hands with Thai Immigration Services to speed up the application process and protect the confidential information of tourists through virtual visas powered by distributed ledger technology (DLT) to enhance privacy, accuracy, and efficiency by offering blockchain-powered identity management frameworks. 

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