ShareToken is a digital utility token that is used to make payments for sharing services across industries and geographies on the ShareRing platform — which includes the ShareRing application, ShareRing shop and each user’s ShareRing ID.
ShareRing has created an ecosystem where individuals and organisations can transact in a secure and trusted digital environment. Central to establishing high trust levels is ShareRing’s encrypted self-sovereign ID solution, based on its own blockchain technology, creating an immutable “fingerprint” of an individual’s verifiable personal identity and documents.
According to the developers and founders of the ShareRing platform, the current service sharing economy is incredibly fragmented and multi-faceted, which can be overwhelming for consumers. The use of ShareToken on the ShareRing platform overcomes this issue by offering a single decentralized marketplace and digital currency that lets users securely access services around the world and pay for them.