You want to send a valuable object to a friend. You have a box which is more than large enough to contain the object. You have several locks with keys. The box has a locking ring which is more than large enough to have a lock attached. But your friend does not have the key to any lock that you have. How do you do it? Note that you cannot send a key in an unlocked box, since it might be copied.
Attach a lock to the ring. Send it to her. She attaches her own lock and sends it back. You remove your lock and send it back to her. She removes her lock.