Blockchain and the Sharing Economy

Tim Bos

• Worked in IT for 24 years

• Started IoT business in 2004 –sold in 2008

• Started peer to peer motorhome rental business in 2010 – sold in 2012

• Co-founded Keaz car sharing platform in 2013 – still going strong

• Co-founded ShareRing in 2017

Tim BosWho am I?

What is the sharing economy?

‘It’s about increasing the utilization of assets’

The current state of the sharing economy

Fragmented

Overpriced intermediaries

Vulnerable

• A small number of large operators

aggregate and rent the resources of many

people.

• The intermediaries capture most of the

profits

• Disproportionate value model for the

‘crowd’

• Traditional rental businesses lose money

• The only winner is the large intermediary

operators

How does blockchain help the sharing economy?

Blockchain shares the powerwith the people in a smart

way.

Blockchain isn’t just aboutcryptocurrency

Cryptocurrencies sit on blockchain

technology

Cryptocurrencies provide a seamless

payment experience without the

middle man

BUT…Blockchain technology can do so much more

• Immutable data set

• Distributed ‘smart

contracts’

• Software doesn’t need

to be deployed on a

centralised server

• Transparent

• Infinitely scalable

• Very cheap to run

• No need for intermediaries

TravelRing

The only travel app you’ll ever need!

One login

One ID

One payment

One app

The ShareRing travel initiative

Access accommodation, public

transport, motor hire,

entertainment, tours and events

all in just a few quick taps

Case study – Travel

Core Benefits:

• One ID – Self sovereign identity

• Fully GDPR compliant

• Verified identity

• Validated on the blockchain

• Never stored centrally

• Lower FX Fee’s

• Fractional payments

• Smart contract controlled escrow

Case study – Travel cont.

• Flexible booking workflow

• Infinitely scalable

• Low infrastructure costs

• Very low (or no) commissions.

• Immutable data – full proof of

ownership and rental

• Highly secure

• An intermediary isn’t necessary

• Car as the wallet

• Instant sign up through self sovereign ID

• Instant access to the vehicle

• Blockchain integrated access control

• Analytics to provide recommendations

Case study – Shared mobility

In a few short years, you

might not even notice it, but

blockchain technology will

be powering the sharing

economy and smart cities

around the world.

In closing