KUALA LUMPUR, Malaysia, March 13, 2023 /PRNewswire/ — “YAS Mobility – YASMO”, a cutting-edge blockchain powered drive-to-earn platform, is disrupting the way in which we drive and personal automobiles, with a mission to create safer roads and smarter cities. YASMO is happy to announce the beta model of its iOS app, obtainable in chosen markets throughout the US, Europe, Canada, Malaysia, Vietnam, Japan, Korea, and Hong Kong SAR. Powered by YAS’s eco-friendly blockchain, the beta model affords a novel “Drive-to-earn” group atmosphere that incentivizes secure driving habits whereas guaranteeing the safe storage and sharing of driving information. By utilizing YASMO, drivers can expertise a safer and extra entertaining driving expertise, whereas contributing to the larger good of street security.
The Speedy Development of the Electrical Car Market Poses Challenges for the Automotive and Insurance coverage Industries
A report by the Alliance for Automotive Innovation in January 2023 estimated that greater than 652,000 EVs had been offered within the first three quarters of 2022, representing 6.5% of all U.S. light-vehicle gross sales. Trade forecasts predict that 56 million EVs will probably be on the roads globally by 2030, led by modern services from EV manufacturers in China and the US. The rise of EVs has considerably impacted each the automobile and insurance coverage industries. The brand new EV expertise, drivers’ unfamiliarity with the street efficiency of EVs, and the driving habits of EV drivers pose vital challenges for insurers, automobile manufacturers and servicing sector resulting in elevated restore prices and better insurance coverage premiums.
YASMO Helps the Car Trade to Present Higher Merchandise and Providers
YASMO is an modern cellular app that data real-time information on driving patterns, habits, and automobile efficiency, which may also help to deal with the challenges talked about above. By forming strategic partnerships with automobile manufacturers, motor servicing/gross sales market and ride-sharing firms, YASMO can unlock the general car trade with elevated the transparency of driving information, enhance information high quality, improve the digital buyer expertise, and ongoing buyer engagement alternatives. It will end in elevated publicity to potential customers and unlocking new income streams.
YASMO Helps the Insurance coverage Sector to Revamp Underwriting Fashions and Pricing
YASMO encrypted data on chain assist insurers make extra knowledgeable underwriting selections and extra precisely value danger, resulting in decrease insurance coverage prices for EV and automobile homeowners. Personalised insurance coverage merchandise with complete particulars for drivers could be created, leading to higher safety of the motive force and street security, and making insurance coverage extra environment friendly. With encryption, immutable and clear document on blockchain, customers get to personal their information and grant consent at their management for higher insurance coverage, automobile product and providers.
YASMO Promotes Street Security, Smarter and Greener Metropolis in a Enjoyable and Rewarding Means
YASMO promotes driver security consciousness and reduces dangerous habits by its “Drive to Earn” characteristic. The app data journeys and rewards drivers with tokens based mostly on secure driving habits, incentivizing secure driving habits, and enhancing street security. YASMO’s API connects with manufacturers, retailers, and companions to unlock particular rewards through a world leaderboard additional engages the drivers with the proper driving habits.
“At YASMO, our objective is to make driving extra pleasant and rewarding by using blockchain and web3 applied sciences whereas enhancing street security and the atmosphere,” stated Kan Ng, Product Lead of YASMO. “We imagine the app will revolutionize the way in which folks view driving and are thrilled to see the optimistic influence it should have on our communities.” stated William Lee, Co-Founding father of YAS Group Restricted.
With its modern options, partnerships with automobile manufacturers, ride-sharing firms, and insurers, and distinctive token reward system, YASMO is about to remodel the electrical automobile, develop the car market, and disrupt the motor insurance coverage sector.
For extra data, please go to yasmo.io
About YAS Mobility (YASMO)
YASMO is a cutting-edge activity-to-earn platform that incentivizes secure driving habits by its “Drive to Earn” program. YASMO data real-time information on driving patterns, habits, which may also help deal with the challenges confronted by the automobile and insurance coverage industries. By forming strategic partnerships with automobile manufacturers, ride-sharing firms, and insurers, YASMO goals to extend the transparency of expertise and efficiency, enhance information high quality, improve the person expertise and information possession, and revamp the underwriting mannequin and pricing of motor insurance coverage. YASMO is dedicated to creating safer roads and smarter cities by its modern platform.
About YAS Group Restricted
YAS Group Restricted is an Asia-Pacific Insurtech firm headquartered in Hong Kong with operations in Vietnam and Malaysia. Making use of blockchain, YAS has created a variety of mobility, way of life and internet 3 insurance coverage in Asia, together with insurance coverage for climbing, biking, eCommerce and public transport. YAS is dedicated to reshaping insurance coverage for the brand new generations by using expertise. YAS was chosen because the 2021 Deloitte Hong Kong Rising Star.
YAS Webpage: https://yas.io