The core members of the ShareRing team gathered in the center of Hong Kong to host their first ShareRing party on May 3rd, 2018. I was fortunate enough to be invited to the event packed with fun, drinks and important people. The full house consisted of venture capitalists, entrepreneurs and large scale contributors from the many people I was able to network with. Tim Bos (CEO), Rohan LePage (COO), Peter David (non-executive Director), Helen Palmer (Global Community Director) and advisor Ting Chan all took the time to chat with me, and all I could say about them is that they are not only great minds coming together to build a market place for the sharing economy, but are also brilliant and down to earth people.
The 3 highlights of the evening for me were the speeches from the honorable guests, important announcement by CEO Tim Bos, and the live business pitches by the winners of the first ShareRing pitchfest challenge.
Speech from Special guests
First up was Florian Garnier, VP of Innovation at Storefront. Storefront is a young business which provides rental spaces for short-term pop-up stores in major cities. They currently provide services in London, Paris, New York, Los Angeles, San Francisco, Hong Kong, Amsterdam and Milan, all major cities where the properties are very expensive and not a fit-for-purpose for start-ups, artists, and individuals to rent for the long-term. Florian gave us insight on the necessity of the sharing economy and how it will grow exponentially moving forward.
The next guest speaker was Leo Chiu from Spike Ventures. Leo is an experienced Venture Capitalist with plenty of experience in the blockchain space. He passionately shed light on the significance of the trust built in the distributed ledger and how it will continue to grow in the years to come. The major factor for him to decide whether to support a blockchain project is “whether the business model requires blockchain”. He mentioned his conversations with CEO Tim Bos and how his experienced team convinced him this project is a winner.
Announcement from Tim Bos
Tim Bos took the mic to thank the guests and GTI Holdings, a major investment fund who recently became ShareRing’s partner. ShareRing has definitely been announcing great news for the supporters before their token main sale with partnerships with major players such as BYD, DJI, and YooGo as well as joining the new mobility consortium MOBI that consists of 70% of the top automakers of the world.
Tim gave us a little history behind ShareRing and how he sold his car and house to start Keaz, aiming to create a one-size-fits-all market place for the sharing economy. He explained how Keaz shifted to focus on car sharing as it was difficult to create this solution with the existing technology. Then came the blockchain and Tim and the team created ShareRing, a one-size-fits-all market place with a distributed ledger.
The Hong Kong Party, in my opinion, was a great success, and more parties will be hosted with the next one planned in New York. The ShareRing team is experienced and definitely has the vision and detailed steps required for ShareRing to become the one-size-fits-all market place for the sharing economy. I will follow this project for a very, very long time.
ShareRing™ is one of the first global marketplaces which allows you to securely access, connect and pay for sharing and rental goods or services anywhere in the world, at any time.
The sharing economy is a newly emerging, but highly fragmented industry, currently worth over $100 billion. It is predicted to grow to at least $335 billion by 2051.