Aussie Blockchain Project ShareRing Gets Investment from Alpha Sigma Capital
Digital assets investment fund concentrated on delivering growth capital to blockchain companies and projects Alpha Sigma Capital (ASC) is supporting blockchain startup ShareRing, who is well-positioned to take benefit of the fast-growing sharing and rental (gig) economy.
“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.” said Tim Bos, Co-founder and Chairman of ShareRing in a statement.
“Gaps in the travel experience will be remedied by apps like ShareRing. Blockchain and cryptocurrency present a unique global solution to these challenges, and we believe that ShareRing’s management team has the experience and sophistication to deliver,” commented Enzo Villani, Founder and CEO of Alpha Sigma Capital in a statement.With its easy-to-use platform that provides for expedient and effective travel activities like eVisa applications, express hotel check-in, car rental/sharing, and with single identification access and login, ShareRing’s services will originally launch over Australia and South East Asia.
COVID-19 Response to Travel and Delivery
In 2020, in response to the COVID-19 pandemic, ShareRing issued ‘ShareRing Shop.’ The application was built to ease food grocery delivery for gig economy users, consumers, and merchants. ShareRing has also produced several protocols on top of the ShareLedger blockchain, making it more comfortable to travel through the ongoing global pandemic. These applications involve no-contact check-in at hotels and an online e-visa application combined with identity verification. Additionally, ShareRing ID’s COVID passport functionality will provide for more comfortable travel between nations during the ongoing global COVID-19 pandemic.
ShareRing’s value proposition involves travelers being capable of booking and pay for over 1.2 million car rentals, 2.6 million hotels/accommodations, 200,000 activities, and flights in over 200 countries utilizing fiat or crypto. Moreover, the company has made paces with important associations offering a more seamless consumer experience.
Alpha Sigma Capital (ASC) is an investment fund concentrated on blockchain companies that have famously created a user base, describing real-world uses for their decentralized ecosystems. ASC is concentrated on companies leveraging blockchain technology to implement value-add in areas like fintech, AI, supply chain, and healthcare.
ShareRing is a new platform that needs to take the hassle out of travel, with its all-inclusive travel app for both businesses and consumers. The team identified the potential to agitate the fragmented sharing economy with blockchain technology. The group has triumphantly launched a previous car-sharing venture named ‘Keaz,’ which was acquired by Wunder Mobility in 2019. Using the knowledge attained from this prior experience, the team began operating on ShareRing.