How will ShareRing handle KYC (Know your customer) to ensure good customers are on the platform?
We understand that each provider might have slightly different KYC requirements (i.e. A car rental operator might require a specific driver’s license type, whilst an accommodation provider only needs to ensure they validate your identity). To allow for this, ShareRing will be partnering with KYC providers around the world. Once a customer signs up with ShareRing, they can choose to do basic identity-based KYC, or they may choose to do a higher level of KYC to validate their driver’s license information as well. This KYC information will not be stored on the blockchain. Instead, the users ‘wallet’ will include information about which KYC process they passed.