Oriental Watch Group has launched a brand new blockchain-driven luxurious watch insurance coverage resolution in Hong Kong.
The answer was launched in partnership with YAS Hong Kong and QBE Hong Kong.
Dubbed TimeCare, the providing integrates improved expertise and complete safety to satisfy the necessities of luxurious watch fans.
TimeCare has the potential to mix insurance coverage protection with the watch buy course of.
It makes use of blockchain expertise to enhance safety, transparency and effectivity in claims processing, thereby offering legitimate data of possession and authenticity.
The insurance coverage protection will be accessed by way of a completely digital format with a simple registration course of.
After shopping for a luxurious watch, choose clients can register for the TimeCare insurance coverage programme utilizing an built-in course of.
The answer safely and completely data coverage particulars, protection knowledge and watch data resembling assure card particulars to make sure transparency and peace of thoughts.
Oriental Watch Group chairman and managing director Dennis Yeung mentioned: “TimeCare represents a major milestone for Oriental Watch Group.
“We take satisfaction in becoming a member of forces with YAS and QBE Hong Kong to introduce this groundbreaking insurance coverage resolution to our esteemed clients.”
TimeCare additionally expects to bolster its presence within the luxurious watch market in future.
YAS co-founder William Lee mentioned: “Shaping the longer term, YAS introduces a groundbreaking blockchain insurance coverage resolution for Asia’s main watch distributor, providing complete safety for luxurious items.
“TimeCare is extra than simply insurance coverage; it represents a dedication to belief, transparency, and effectivity. By ingeniously combining the immutable nature of blockchain with the perpetual essence of time, it presents an imaginative innovation.
“We’re not ready for tomorrow; we’re shaping the longer term at the moment.”
