Share Ring Partners with Tencent
One of the trending areas of crypto right now is how to identify customers without having to access or hold on to their personal details. From a customer’s point of view, this provides peace of mind. Quite rightly, customers feel uncomfortable with sending copies of passports, driving licenses, bank statements or utility bills across the internet. We’ve all heard of company databases being hacked over the last few years and customer details being stolen by criminals and used to commit fraud.
Share Ring have developed an identity management system called ShareRingID, which is immutable, highly secure and infinitely scalable. The ShareRingID module allows companies to verify the customer’s identity, without requiring their personal details or credentials.
The customer or end user only ever needs to complete the ID process once and none of the personal data is stored in the ShareRing Ecosystem.
On 17th November, Share Ring announced that they have been partnering with Tencent, a Chinese multinational technology company, based in Shenzhen. Tencent is the world’s largest video game vendor with huge social media offerings, which include Tencent QQ and WeChat. Tencent currently have a market cap of $737.8 Billion USD, so they are an extremely well capitalised company.
Share Ring currently operates in several areas, which include travel industry, aviation, finance, banking, government, logistics and transportation. The partnership with Tencent will expose the company to potentially millions of new users.
The Share Ring App should be released in December 2020.
Share Ring Tokens
Share Ring (SHR) tokens are currently available from https://www.kucoin.com exchange