Yas Digital WEB 3  looks not only solid but also one addressing one of the compelling idea - insretech.

This project deserves 3 stars after I have carefully looked at their team, solution, traction, background and progress.

Concept:

YAS is a blockchain based insurtech company.

Offering on-demand microinsurance and changing how people buy and claim insurance, essentially they seem or are bridging traditional insurance with WEB 3, but there are several gaps that i could not find answers for

Deck:

I really liked the deck, lots of thinking and design work was put into it, showing how they are going to be taking on the industry.

Problem/Solution:

When checking website it spoke about traditional insurance VS WEB 3, one that led to confusion, deck and website didnt seem to have consistent communication, at least from my point of view.

Team:

One thing that I liked about the team is that they do have a strong entrepreneurial background, they have been in business for a long time, together and yet I was looking for someone within a team from the insurance industry, be it in the form of advisory or higher up.

Questions that i would like to address:

How can Yas insure DeFi, Cyber security in WEB 3, and much more.

I hope they will work on research paper and how they are going to be tackling bad actors in WEB 3 in the face of recent fall outs and continuous hacks that scare newbies as well as experienced crypto  natives users.

YAS Digital is Web3 Insurance service, providing insurance to a wide range of new assets and risk.

YAS Digital

Yas Digital WEB 3  looks not only solid but also one addressing one of the compelling idea - insretech. 

This project deserves 3 stars after I have carefully looked at their team, solution, traction, background and progress. 

Concept:

YAS is a blockchain based insurtech company. 

Offering on-demand microinsurance and changing how people buy and claim insurance, essentially they seem or are bridging traditional insurance with WEB 3, but there are several gaps that i could not find answers for

Deck:

I really liked the deck, lots of thinking and design work was put into it, showing how they are going to be taking on the industry.

Problem/Solution:

When checking website it spoke about traditional insurance VS WEB 3, one that led to confusion, deck and website didnt seem to have consistent communication, at least from my point of view.

Team: 

One thing that I liked about the team is that they do have a strong entrepreneurial background, they have been in business for a long time, together and yet I was looking for someone within a team from the insurance industry, be it in the form of advisory or higher up. 

Questions that i would like to address:

How can Yas insure DeFi, Cyber security in WEB 3, and much more. 

I hope they will work on research paper and how they are going to be tackling bad actors in WEB 3 in the face of recent fall outs and continuous hacks that scare newbies as well as experienced crypto  natives users.

Sun Tzu

Much needed service to web3 companies, but will they be able to deliver and operate sustainably?

Team: strong team if it was any other project, but none of them have insurance experience, so weak for that specific problem area. Who is their Actuaries, insurance companies are built on complex risk models that requires strong actuarial work...

Solution: looks weak, they don't explain how they can ensure insurance claim can be covered, they claim they will do everything on web3, what if they get hacked themselves? Do they even have a Chief Cybersecurity Officer? nope...

How can they prevent false claims? Projects hacking their own vulnerability to steal the money and then claiming insurance to recover the funds? If this project is not built correctly, it will become prey to large amount of scammers.

YAS Digital

Web3 Insurance Service