ShareRing aims to make sharing and renting services quicker and simpler for everyone by creating an accessible and sustainable global ecosystem for the sharing and renting economies. It aims to become the world’s trusted marketplace for the sharing community. ShareRing has reportedly developed a number of blockchain supported modules such as bookings management, self-sovereign identity, reviews, dispute resolution, reward system, and a stable coin that facilitates low FX payments in fiat and a number of cryptocurrencies.

ShareRing is targeting is the Travel Industry, with plans to launch a travel app to allow for hotel bookings, flight bookings, activity bookings, and eVOA applications. These are supported by the ShareLedger blockchain and the ShareToken utility token.