ShareRing Ecosystem Joined China’s Blockchain Service Network

The global decentralized sharing ecosystem ShareRing announced to be joining China’s blockchain-based service network in a press release that we are looking into, in our latest cryptocurrency news.

The company said that shareRing will join NEO, Tezos, and Ethereum as a Blockchain Service Network partner adding that the network was a testament to the potential of the company for the blockchain industry and beyond. ShareRing is a startup that is focused on creating blockchain-based products for enterprises and will now cooperate with BSN, the biggest blockchain project to date.

In a press release, the company said they have been selected to join BSN in a group of companies that have major global potential. ShareRing gained prominence last month for launching the anonymous contact-tracing e-passport app and commented that the plans of the company are quite ambitious which is what got them now into the BSN. Tim Bos, the CEO of ShareRing said:

 “We are honored to partner with BSN, joining industry giants like Ethereum, Neo and Tezos. We share their vision of removing costly entry barriers to blockchain technology and its benefits for businesses and individuals regardless of their size, resources, or industry expertise.”

The Blockchain Service Network wants to utilize the low costs of ShareRing as well as the interoperability and infrastructure. BSN was launched back in April and hopes to create a hosting platform for small and medium-sized businesses which will facilitate the creation and deployment of various decentralized applications. The organization sets goals of adding well-known names in the industry and will continue to do so in the future.

ShareRing was chosen because of the low-cost modular infrastructure which the company said has great potential to improve the access to blockchain technology. The distributed ledger technology ecosystem enables the developers and the users to collaborate across industries so as of this year, ShareRing’s partnerships brought more than 2 million merchants to the network.

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Despite the capabilities, ShareRing’s DLT ecosystem is easily accessible to most developers as the company said that the monthly access starts from under $20. Michael Ma, the COO of the BSN foundation, said that the latest addition will broaden the range of existing Dapps which will also strengthen the BSN vision of creating an inclusive and accessible blockchain network.

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