Post on 01-Oct-2020
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