Tim Bos, is a Chief Executive Officer, Serial Entrepreneur, and Blockchain Innovator. Through his latest venture, ShareRing, Tim Bos is working to create a more sustainable future with the power of blockchain.
Software Engineer for the World’s Leading IT/Finance Firms
Tim brings a wealth of extensive experience leading complex software development and technical implementation efforts at Fortune Global 500 firms across a variety of business sectors, with specific emphasis on the realms of telecommunications, finance, and transportation. Before venturing into the start-up world, Tim held senior management positions at some of the world’s largest finance and IT firms. He was previously an Associate Director at Barclays Capital, a Project Manager at GE Capital, IT Infrastructure Manager at Atari Melbourne House, and he also served as a senior manager at Avanade Australia, a joint venture between Microsoft and Accenture.
Serial Entrepreneur with Multiple Successes
In addition to his work at some of the world’s most recognized firms, Tim is also a highly accomplished entrepreneur in his own right, with a demonstrated track record of multiple successful start-up launches. Tim’s first start-up, bioWatch Australia, launched in 2004 with the intent to build a scalable cloud-based framework for tracking valuable assets around the globe. Several years after launching, the venture was cash-flow positive, enabling Tim to successfully negotiate the multi-million-dollar sale of bioWatch to Procon USA in 2007. Procon (subsequently renamed to Spireon) has since grown to over $150 million in annual revenues and currently tracks over 3 million vehicles globally.
Tim founded his second start-up, New Enterprise Services (NES), in 2012, with the intent to serve as a “venture bank” to other entrepreneurial ventures, with a focus on helping to foster the development of innovative and disruptive new technologies in the IT sector. Specifically, NES worked to assist software developers and managers with the operation, funding, and resourcing of their new enterprises.
One year later, in 2013, Tim founded Caramavan (subsequently renamed MyCaravan), his first venture into the sharing economy. MyCaravan served as a secure, peer-to-peer platform connecting RV owners with users seeking to rent a motorhome. MyCaravan was especially notable as an enterprise, as it was one of the first companies in the burgeoning sector to leverage “online ID verification, security bonds, and reputational feedback to assess the trustworthiness of (customers)” using the platform. Once again, Tim successfully negotiated the sale of one of his start-ups when MyCaravan was acquired by Qanda Technology in 2014, only one year after its initial launch.
Continued Ventures in the Sharing Economy
In 2013, Tim embarked on his second foray into the fast-growing sharing economy with the launch of Keaz, an IoT enabled cloud-based platform aimed at the car-sharing market. Specifically, Keaz helps customers increase their usage of shareable assets (vehicles), monetizes them and reduces operating costs (i.e. insurance, maintenance) through the integration of telematics tracking and control systems. The Keaz platform provides a suite of applications for fleet operators and companies seeking to streamline shared vehicle use through mobility strategies. The company has subsequently experienced rapid growth in the areas of vehicle pool management for corporations, rental companies, taxicab, and transport organizations.
Describing the rapid success of Keaz, in his own words Tim remarked that, “Most of our corporate customers using the platform for vehicle pool management are realizing return on their investment within six months, which is incredibly fast…the average cost of a corporate car is $600 per month, so that’s a savings of $4,800 per month, which is double what they pay for our service.” This service provides a valuable way to monetize corporate vehicles and offset costs of pool management, with a typical client experiencing an increase in vehicle pool utilization from 30 percent to 80 percent.
Keaz is now a recognized global leader in the delivery of white label, B2B, and B2C car-sharing solutions (e.g., community car sharing, corporate carpooling, etc.), with offices spanning three continents (Asia, Australia, and North America). The company currently boasts more than 300 car-sharing and vehicle mobility locations in its continually expanding worldwide network, with white label partners that include numerous established and recognizable names: Toyota, Lexus (AUS), BMW, Envoy (USA), Yoogo (NZ), Telstra (AUS), Yoogo (NZ), Europcar (AUS), etc. Keaz also serves a multitude of public sector clients including Kern County, NV (USA), San Diego County, CA (USA), Yakima County, WA (USA), and Christchurch City Council.
Bringing the Sharing Economy to the Blockchain
Seeking to build on the success of Keaz, Tim quickly came to the conclusion that he and his team were only scratching the surface of the tremendous potential held by the new sharing economy. His realization was that we currently live in a world in which almost anything can be borrowed or loaned, but there is no single marketplace where we can go to find these things. Tim described his bold dream for this new marketplace, stating;
“My vision is that you’ll be able to rent a lawnmower in Melbourne one week on our platform, and a bike in Beijing the next, and you won’t pay any forex fees, and both those providers will have instant verification of who you are.”
The substantial challenges to make this dream a reality was two-fold: 1) develop a platform to centralize the highly fragmented sharing economy by integrating services from across all industries and geographies, and 2) somehow also figure out a way to enable users to securely access, connect, and pay for those services anywhere in the world. The solution to both of these problems: the blockchain.
“Amazon” for the Sharing Economy
Building ShareRing on the blockchain enables ShareRing to provide a one-stop platform providing users a single point of access to multiple merchants with seamless payment across multiple currencies. The ShareRing platform will not only provide a one-stop-shop for a multitude of sharing services, but the latest blockchain technology underpinning the ShareRing platform ensures data security for all parties, using Self Sovereign Identity. According to Tim;
“We want it to be like shopping on Amazon, where half the time it’s not Amazon actually selling you the product but you’re unaware of it.”
The True Vision of ShareRing: Sustainable Business for Social Good
The business case justification for ShareRing is undeniable; the sharing economy represents an untapped market that is estimated to be worth roughly $670 billion within the next 5 years. But for Tim, the true benefits offered by this market are so much greater and impactful;
“The lightbulb moment for ShareRing came about when I was traveling through Japan and noticed the excessive amounts of hard rubbish collection along the streets. I realized just how much waste we produce as a massive consumerist society, and thought to myself, we can do better than this as a united global front if only we tapped into the real potential of the renting, borrowing and sharing community.”
If you listen closely to Tim, you’ll soon realize this is the true dream of ShareRing; to tap into the enormous potential of the sharing economy, to reduce global footprint and achieve greater social sustainability by better pooling our collective resources.
In a world in which 90% of start-ups fail, Tim is that very rarest of breeds; a business manager with a demonstrated track record of repeated successes, and the kind of leader whose magic touch seems to elevate every entrepreneurial venture he is associated with. With Tim at the helm, ShareRing’s future is undeniably bright. He’s already secured partnerships with BYD (the largest electric automaker in the world), Thailand’s eVOA (e-Visa) Program, DJI (world’s largest drone maker), membership in the MOBI alliance, and roughly 20+ others yet to be announced. Perhaps more importantly, ShareRing is also built on the back of Keaz, leveraging the blockchain to facilitate the existing (and profitable) business operations of the latter company. This has enabled ShareRing to begin producing real revenues literally from day 1 of launch, an almost unprecedented accomplishment in the crypto space, where the number of blockchain companies earning actual income can be counted on both hands.
Launching a start-up is never easy, but given his business acumen, technical competence, and entrepreneurial vision, it’s almost hard to see Tim not succeeding in his mission to make ShareRing the “’Amazon’ of the Sharing Economy.” However, regardless of whatever financial milestones ShareRing achieves, Tim’s true legacy may be far more meaningful if he can deliver on his vision to create a more sustainable world that reduces its waste and more efficiently utilizes its dwindling resources.
Learn more about ShareRing | Join Telegram : https://t.me/sharering