Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
You have your physical ID with you that you have to carry, and that represents who you are in the real world. How about having a digital identity? Ever given a thought about where you would stand in the future, considering the fact that the future is going to be completely digital? That’s why the need to secure your digital future arises.
The bridge that will establish a connection between you and the future digital landscape can be unlocked with ShareRing ID. ShareRing is basically a digital identity blockchain ecosystem. It allows the users to create and utilize their digital ID in the real world.
The major objective of the ShareRing project is to safeguard the privacy of the users in a rapidly surging, interconnected, and fluid digital world. ShareRing recently announced that it will be holding an NFT Technology Preview Party in Melbourne, Australia, on July 15, 2022..
This is going to be a networking event where attendees will be free to meet and socialize with professionals with years of experience in the blockchain industry. As per the official revelations, the event will be featuring Tim Bos, the CEO, and Founder of ShareRing.
The NFT Technology Preview Party in Melbourne will feature the preview of the beta version of ShareRing Access. It allows people to enter events with NFTs, which will serve as tickets to the event.
How ShareRing is Revolutionizing the Online Business Functioning
ShareRing is your one-stop destination if you are looking forward to getting on board a system that is ready to allow you to conduct business online. With all the tools on the go, such as ShareRing ID, ShareRing Vault, and ShareRing mobile app, ShareRing is spearheading the online business security space.
ShareRing ID - One of the tools provided by ShareRing with the utilization of which the users will be able to create their blockchain-native ID. The native ID can be considered a digital twin representation of the user’s physical self. This tool proves to be extremely helpful in managing personal documents and other identifying information.
ShareRing Vault - The ShareRing Vault is an encrypted storage solution provided by ShareRing where documents can be stored securely. The vault is capable of hashing all the data onto ShareLedger, which is a distributed and secure blockchain. This further eliminates the need to store documents on vulnerable centralized cloud storage.
Impact of ShareRing ID and Knowledge of ShareRing Network
ShareRing ID can be regarded as the nucleus of the ShareRing Vault and is developed from the first document that is uploaded during the sign-up process. All the other identity documents are further authenticated against this ShareRing ID.
The major goal that ShareRing is intended to achieve is the elimination of friction involved with accessing several different products and services. This is done while ensuring the peak levels of trust and security for the users.
With the ShareRing Vault, you will be able to store your verifiable documents securely on your phone. Further, you will be able to use these documents to sign up for and gain access to various services available in the future in the ecosystem.
Significance of NFTs in Authentication and Compatibility
The CEO of ShareRing, Tim Bos, recently revealed that he thinks NFTs have a lot more potential than just being a simple art. An NFT can be utilized as a method of positively authenticating almost anything. The best example would be considering your personal identity linked to an NFT that will act as proof of something about you in Web3.
In addition to this, NFT-based tickets will help in eliminating ticket scalping fraud and fake tickets, similar to what ShareRing is doing for the event. The exposure of NFTs will provide users with added flexibility and compatibility.
ShareRing extends support to a wide range of documents and assets that can be readily converted into NFTs stored in Polygon. They will be stored on the blockchain with on-chain provenance and tamper-proof resistance.
The users will be allowed to mint NFTs from documents and files such as MP3, JPEGs, and MP4 from NFT Space on Polygon. Furthermore, it should be noted that the minted NFTs can be used as a ShareRing avatar. You just need to download the updated version of the ShareRing mobile app.
The ShareRing Access feature of ShareRing will play a vital role in promoting the NFT projects and the overall NFT ecosystem in general. Additionally, it will be a significant game-changer in bringing awareness to the utilization of blockchain, NFT, and ShareRing.
Control everything from creating your digital identity to securely sharing your personal information with just one app on your phone, ShareRing.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.