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ShareRing Announces Partnership with Tencent Cloud

ShareRing has announced today that they are into partnership with Tencent cloud and plans to build a blockchain digital ID with its subsidiary Tencent (Thailand) Co, Ltd. They will work to develop an industry-first application which will help governments and businesses elevate the travel industry in the new normal.

The collaboration team would utilize the cloud technology and Artificial Intelligence (AI) to introduce data management and identity securing platform with the goal of being the cheapest and most integratable to lower the barrier to entry for businesses of any size.

 “ShareRing is extremely pleased to work with Tencent Cloud in developing a world-first identity and document management platform.

We have strong confidence in Tencent Cloud’s capability as one of the most reliable, high-performance, and globally recognized cloud services providers in the world.” Tim Bos, CEO of ShareRing

The new project would first be launched in Southeast Asia, a region that has been heavily affected by the Corona Virus through travel restrictions. Both companies plan on combining technological resources together such as the combination of ShareRings distributed ledger technology (DLT) with Tencent cloud optical character recognition (OCR). This converts characters into text, helping improve the efficiency and accuracy of data entry. Tencent and shareRing plans on helping Southeast Asians with the developments they plan on building.

The ShareRing App

The ShareRing app is a travel platform that will allow users to have access to practically everything concerning travels ranging from hotel reservations, flights, insurance policies, car rentals and tour packages. To add all these, they are also working on an open World passport, the first anonymous contact tracing passport that can be integrated with e-visa on arrival system (eVOA), travel insurance companies, airlines, hotels and retail shops.

The app has already gotten large interest from leaders in the Association of Southeast Asian Nations (ASEAN) region and they are closely working with Thailand to introduce it in the country.

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