The Inside Scoop on What Went Down – CryptoMode

The Inside Scoop on What Went Down – CryptoMode
The Inside Scoop on What Went Down – CryptoMode

CryptoMode ShareRing

On July 15, ShareRing, a blockchain ecosystem that offers digital identity solutions to businesses and individuals, hosted its first Networking and NFT Technology Preview event of the year. ShareRing is a user-focused blockchain platform that enables the issuance, storage, verification and sharing of digital data such as tickets, personal information and private documents, among other things, in a fast and hassle-free way.

ShareRing’s ‘Access’ solutions are designed to help platform users seamlessly access participating venues in a way that is not only convenient, secure and efficient. It is also imbued with a high degree of privacy – ie users are able to retain control over their sensitive data at all times. Essentially, it helps reduce the need for physical documents when it comes to ID verification, while improving manual operational procedures and enabling contactless digital transactions.

A closer look at what ShareRing Access: Events brings to the table

Right off the bat, it should be noted that through the use of ShareRing Access Events, it is possible to streamline the participant management of any event since the platform acts as a second layer of verification that is able to run parallel to the laws and regulations related to any venue related to the platform.

The offer helps smooth the process of event listings using QR codes. At this point, participants are only required to present their QR codes to the doorman without having to provide any physical/digital ID. Once the verification process is complete – using the data stored in a user’s ‘ShareRing Vault’ – they are granted access to the event. ShareRing Access Events with NFTs allows NFTs to be used as entry tickets simply by proving provenance.

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The platform helps eliminate the problem of ticket scalping, a practice where robots buy tickets in an automated manner only to later resell them at an inflated price, which has plagued the market in recent years. With the blockchain-based event feature, event attendees do not need to worry about the validity of their tickets. Each code is unique and is housed in the participant’s ShareRing Vault, which is accessible even without data or Wi-Fi, meaning entry will be a breeze, as well as eliminating the chances of ticket fraud.

A recap of ShareRing’s Networking and NFT Technology Preview Party

As mentioned before, ShareRing’s networking event took place on July 15 at one of Melbourne’s hottest nightclubs, Ms. Collins. The purpose of the event was to showcase ShareRing’s product line, and demonstrate their ability to not only verify user ownership of an NFT – inside the guest’s ShareRing Vault – but also grant them access to the event.

In this regard, it should be noted that before the event started, each guest was sent from ShareRing’s first NFT collection, ShareRing: Genesis. NFT was intended to act as all guests’ entrance to the event. To elaborate, guests were required to be in possession of the digital asset inside the venue or have it linked to their ShareRing Vault in order to access the party.

One goal of the evening was to demonstrate the utility of ShareRing, Access: Events with NFTs. Verifications were done extremely quickly with no signs of any delays, but what really stood out was the fact that participants did not have to share their personal data with any third parties.

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ShareRing’s CEO Tim Bos was available for a chat throughout the evening. Furthermore, the event was filled with many other prominent industry professionals. All in all, the event was a great success, and the guests enjoyed testing the function to the limit. ShareRing stated: “The event achieved what we set out to do. We were able to test out the use of our new ShareRing Access: Events product in a real-life scenario and invite ShareRing’s friends and users to enjoy an evening of canapés and standalone drinks at a networking event.’

Final thoughts

Another test round was on Saturday 30 July, where ShareRing was the official technology partner and sponsor of the Profit4Life event. Each participant had to register for a ShareRing ID, and keep the entrance tickets inside the ShareRing Vault to receive the QR code to access the event.

After these rounds of testing, the ShareRing Access: Events feature is now available on the app. Users can see events when they appear in the calendar. ShareRing is still working on making some minor adjustments to the app. ShareRing commented:We are very excited to see the future of ShareRing Access: Events – where it will be used, and users’ thoughts and feedback on this product, and its success in eliminating all odds of fraudulent tickets.’

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