YAS Group launches beta version of revolutionary Blockchain-powered platform to make driving fun, rewarding and greener
Kuala Lumpur, Malaysia, March 13, 2023 /PRNewswire/ — “YAS Mobility – YASMO,” a pioneering blockchain-powered drive-to-earn platform, is disrupting the way we drive and own cars, with a mission to create safer roads and smarter cities. YASMO is pleased to announce the beta version of its iOS app, available in select markets across the US, Europe, Canada, Malaysia, Vietnam, JapanKorea and Hong Kong SAR. Powered by YAS’s eco-friendly blockchain, the beta version offers a unique “Drive-to-earn” community environment that encourages safe driving habits while ensuring secure storage and sharing of driving data. By using YASMO, drivers can experience a safer and more entertaining driving experience, while also contributing to increased traffic safety.
The rapid growth of the market for electric vehicles poses challenges for the car and insurance industry
A report from the Alliance for Automotive Innovation i January 2023 estimated that more than 652,000 electric vehicles were sold in the first three quarters of 2022, representing 6.5% of all US light vehicle sales. Industry forecasts predict that 56 million electric vehicles will be on the road globally by 2030, led by innovative products and services from EV brands in China and the United States. The rise of electric cars has significantly affected both the car and insurance industries. The new electric car technology, drivers’ unfamiliarity with the driving characteristics of electric cars, and the driving habits of electric car drivers pose significant challenges for insurance companies, car brands and the service sector, leading to increased repair costs and higher insurance premiums.
YASMO helps the automotive industry to offer better products and services
YASMO is an innovative mobile app that records real-time data on driving patterns, behavior and vehicle performance, which can help tackle the challenges mentioned above. By forming strategic partnerships with car brands, motor service/sales marketplaces and ride-sharing companies, YASMO can unlock the overall automotive industry with increased driving data transparency, improved data quality, improved digital customer experience and continuous customer engagement opportunities. This will result in increased exposure to potential users and unlock new revenue streams.
YASMO helps the insurance sector renew insurance models and pricing
YASMO-encrypted on-chain records help insurers make more informed underwriting decisions and more accurately price risk, leading to lower insurance costs for EV and car owners. Personal insurance products with comprehensive details for drivers can be created, providing better protection for the driver and road safety, and making the insurance more efficient. With encryption, immutable and transparent registration on blockchain, users get to own their data and consent to their control for better insurance, car products and services.
YASMO promotes traffic safety, smarter and greener cities in a fun and rewarding way
YASMO promotes driver safety awareness and reduces risky behavior through the “Drive to Earn” feature. The app records trips and rewards drivers with tokens based on safe driving habits, stimulates safe driving behavior and improves traffic safety. YASMO’s API connects with brands, merchants and partners to unlock special rewards through a global leaderboard that further engages drivers with the right driving behavior.
“At YASMO, our goal is to make driving more fun and rewarding through the use of blockchain and web3 technologies while improving road safety and the environment,” said Kan Ng, product manager of YASMO. “We believe the app will revolutionize the way people view driving and are excited to see the positive impact it will have on our local communities.” so William Leeco-founder of YAS Group Limited.
With its innovative features, partnerships with car brands, ride-sharing companies and insurance companies, and unique token reward system, YASMO is set to transform the electric vehicle, grow the car market and disrupt the car insurance sector.
For more information, please visit yasmo.io
About YAS Mobility (YASMO)
YASMO is a pioneering activity to earn platform that encourages safe driving habits through its “Drive to Earn” program. YASMO records real-time data on driving patterns, behaviour, which can help tackle the challenges facing the car and insurance industry. By forming strategic partnerships with car brands, ride-sharing companies and insurers, YASMO aims to increase the transparency of technology and performance, improve data quality, improve user experience and data ownership, and innovate the insurance model and pricing of motor insurance. YASMO is committed to creating safer roads and smarter cities through its innovative platform.
About YAS Group Limited
YAS Group Limited is an Asia-Pacific Insurtech company headquartered in Hong Kong with operations i Vietnam and Malaysia. Using blockchain, YAS has created a range of mobility, lifestyle and web 3 insurances i Asia, including insurance for hiking, cycling, e-commerce and public transport. YAS is committed to reshaping insurance for the new generations through the use of technology. YAS was selected as a 2021 Deloitte Hong Kong Rising Star.
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