ShareRing aims to make the whole of the Shared Economy easily accessible
Some of us may think that sharing things is new but in fact if you think a little harder about it we have been sharing things for centuries. In the 18th and 19th centuries, rural communities used to come together to help each other construct and raise a barn. The cost of a single family undertaking such a project was prohibitive so they would share resources, manpower, tools and materials to help one another in a kind of pay it forward system.
Public transport is another kind of resource sharing undertaken by either companies or local government giving people that cannot afford a car a simple no hassle way to get from A to B. The bus company buys the vehicle and provides a driver the customers pay each time they use the bus for a journey.
The idea of sharing is one we actually learn very early on in life, how many remember our parents telling us we had to share our toys and games or even our sweets with our siblings or our friends? Some of us now parents ourselves; understand that teaching the attitude of sharing is essential to our children’s growth and development. It helps them make and keep friends; it teaches them how to get along co-operatively with others and is an essential life skill.
The Sharing Economy has flourished in the second decade of the 21st century as people have come to understand that they can make some additional money by letting another person use a resource whilst they themselves are not. My first experience of a Shared resource was booking an apartment from a host on Airbnb for our family vacation. The experience is probably more relevant when you book a room in the hosts’ family house. It’s the spare room or guest room essentially, but instead of being used maybe 3 or 4 times a year it can be utilised 40 or 50 weeks of the year by hosting guests.
It is little surprise that this concept has taken off and gained huge popularity, they tend to be very competitive on price and offer a more personal experience when compared to staying in a hotel. In fact, it has become so successful that nowadays the biggest provider of rooms does not own any properties and the biggest provider of transport (Uber) does not own any vehicles.
So shared vehicles or sharing a room in your house are easy examples of how you can share big things but why stop there? We probably purchase many things and use them very infrequently. If instead of 100 people purchasing 1 item each to use, the 1 item was used purchased then used by 100 people. Not only would it be more functional, but it would cut down on the amount of raw materials and also energy costs required to produce it.
Say you had 100 houses with gardens each one needs to mow their lawn on say a bi-weekly schedule. The task would probably take you between 30 minutes and 1 hour to complete, but for the other 13 days and 23 hours your lawn mower would sit idle. Instead it could be rented to your neighbours 99 times, giving you some revenue to recover the costs of purchasing in the first place whilst creating a resource that was available to others without purchasing one to begin with.
You can apply this same concept to many different items or services such as video cameras, photography equipment, power tools, couture clothing for special occasions, book sharing, toy libraries, bicycle sharing, how about renting a professional kitchen to prepare a banquet or using some high end computer equipment for a 1 off task? The list is endless.
And this is where ShareRing now want to position themselves, as the one stop application that will provide access to many different sharable resources in many different countries, easily searchable and simple to pay for by anyone with a credit card, by using the ShareRing application.
They will have a dual token structure one (SHR) will be used as the basic exchange medium for suppliers to list their assets on the system and to power transactions this is the coin that will be tradable on exchanges. And SHRP that will be purchased by people wishing to use the resources, and given as payment to the suppliers. SHRP will be pegged to local currencies to make it simple to exchange and provide a stability of revenue stream.
So now we have established that sharing things is a good idea, it can help you to recover costs on expensive items you have purchased, or it can give you access to things you wouldn’t be able to normally afford.
The main sale for ShareRing will take place on June 4th 2018 when $10m of SHR will be available to purchase at the price of $0.02 each. The application launch itself is planned for October / November 2018.
You can find the ShareRing website at https://sharering.network
Facebook page https://www.facebook.com/ShareRing.Network/
Telegram group https://t.me/ShareRing