Empower Real World Transaction into Blockchain | Ronald Yu, AutoPass | ETHTaipei 2023

is in power real world transaction into blockchain by autopaths and autopath is a company that connecting Urban Mobility for next for the Next Generation integrating Mobility real estate service for drivers we imagining cutting-edge solutions to keep driver's face and share vehicles moving without any pumps on the road and aiming to make the driver easier than ever that's welcome Ronald hi um hi everyone my name is Ronald I'm a founder and CEO of PhotoPass so what Olu pass did is a Technical Solutions for drivers to make your vehicle a better payment method so today I'm going to share about how they Autobots did in traditional world and how the payment system work nowadays and how we think that blockchain can enable more um inventions in transportation world and the benefits of using blockchains so here comes the stories on so way way way back to 1985 the first vehicle was invented by Karl Benz that was the first vehicle that uh in the world and that change our Behavior but until like 1896 the Ford made a mass production of uh Model T So nowadays that people can travel from point A to point B using their vehicles and the related business has been uh blooming by uh interacting with the vehicles so if you're driving with your compact economic small car gas car or you're driving with your tasa roaster you don't have to worry about transporting from point A to point B and that is how the modern transportation system work to help people to narrow down the distance between 0.8 and point B and the surrounding business around the vehicles has Bloom up like gas station parking lots parking meters or even nowadays EV Chargers um there's a Statics saying that there's one uh 14 trillion US dollars in Market size for Market surrounding with the vehicles but before it became to mass production before there's a business really surrounding with the transportation there are still some of them some of the drivers have to face some kind of like this Behavior you have to lower down the window you have to take the ticket you have touched something to entering the the parking lots for for saying um the difference between the modern technology and the traditional operators is that old operators didn't care about user experience so since I was born the parking lot has to be this this kind of entrance and now Auto Parts can use different technology to solve this problem this is one of the auto payment mission in Taiwan so you have you you can see that there's a lot of like 0.8 0.1.2.

32 indicates that how drivers can pay for their parking tickets but what Auto Parts did is the okay we're trying to use the visual recognitions for license plate so every time you're entering the parking lot you don't have to take out the ticket you just use your license plate on your car and if you have let's say Toyota's app that you will get a notification from them and when you want to access the parking lot you just drive out you don't have to go to the auto payment machine so how does the technology works it's quite simple that we just turn your vehicle into a payment method by identifying your license plate so the concept is that we turn the surveillance camera as a detector to detect your vehicle and then once we identify that is your car and you can link your card with any kind of payment method you want let's say credit card that's a bank account so you can pay within the operators service area like gas station parking lots by using your license plate and the concept is quite simple it's just like you don't have to go to the payment machine you don't have to use your card you just use your license plate as the detector so here are some of the videos that we made in the real world to help our drivers to help our customers understand the process so inside the gas station in Taiwan most of them are still using the labor to serve the drivers but now they don't have to the drivers don't have to take out the cash you don't have to take out the credit card once we identify it is auto pass member we link to the credit card or bank account and we unlock the gas pump so the service people can use the nozzle to fill up the tank or drivers itself can can use the nozzle to fill up the tank so once they put back the nozzle the system will automatically charge for the refilling ticket it's simple by using the application application with the visual recognition and also iot integration and on the other hand we can use the camera as a detector to identify different car brand that say most of the EV drivers in Taiwan they're still using uh they are still driving test loss but when they are in pushar's charging spot we use the camera to detect okay this is the uh Tesla Model as this is Porsche Titan so we differentiate different pricing strategy by using the camera and that allows us to do more with uh payments and also drivers Behavior data so let's go back to how the transportation payment system works nowadays so you guys might be like much familiar with the VISA Master at American Express and Discovery Network they are building the payment infrastructure uh since like 40 years ago so nowadays if you are drivers you want to pay uh for the merchant let's say parking lots gas stations you have to have cash or other virtual payment method within the the operating area so that introducing uh one of the party called Banks Banks will issue a credit card for you with the card issuers card usual then exam Europe uh your like uh how much money you earn every year how much asset you have right now and providing the driver's credit for you and that's how we uh nowadays use credit card by all of the behavioral data like uh did you pay your rent regularly did you pay the credit bill regularly the card issuer and bank can uh differentiate your credit and drivers can use the credit to pay inside the parking lot gas station and that's that's we call adapt because every time if you don't pay for the the credit that you borrow from the bank systems you have to pay interest so that is how the modern payment ecosystem works so how do they make money like uh the banks are they providing the dab to the the drivers to so every time if you do you don't pay for the uh dab that you own from the bank you have to pay 20 interest and then if you're the card issuers and you are the bank you charge for the merchant for three percent of the transaction fee that's how they make the money but I think that most of the um traditional like payment ecosystem can work with blockchain like smoothly so back to the infrastructure like I mentioned before this is the um modern payment ecosystem right now but if we replace one of the bank with the current uh chain or current layers let's say the the is type a sponsor nonsense chain so nausea Chen came work with different kind of like wallet providers Wally providers and can ensures that most of the drivers can use the on-chain data smooth and free and for the credit for each layer they have their own stable coins inside which is the main credit that we can provide it to the drivers and that replaced the traditional payment ecosystem into the blockchain payment systems and now how do we solve the dab issues like previously Bank provide dapped to drivers and they think they can charge with the uh interest that they want for each of the chain let's say another chain that they do have the validation process if you are staking your coin into your the chain you are becoming the validator and you can earn interest from them so validator can provide a validator can can earn the yield from the chain and also small percentage of them will become the interest for the validators that is staying for the debt and that is same as the depth so that created a ecosystem that if you're staking some points right now then you can earn something from uh from ill and then you can provide small interest to them but who is going to provide the interest to the drivers that's the main question because normal people They stake because they want to earn something that introduced Auto Parts Auto Parts build up the transportation payment system so we can serve drivers for daily transaction but if we are the one who providing the interest to the drivers we can rebuild the whole system on chain with the current infrastructure that all of the developers build in blockchain and the most important of all things that we are using the camera as a detector we collect a lot of license plate Behavior data on the off-site parking lots gas stations so I can share with you that most of the insurance company and low loan providers they do need this kind of behavior data to provide customized specific specific insurance or loan to the drivers and that is how we think that the modern transportation system can be suitable to the payment payment ecosystem in blockchain and also since that most of the transaction data and behavioral data in blockchain cannot be manipulated so it create a self-sustained structure that most of the drivers and most of the participants will have their exclusive and distinguished data that act that that once they join the network the system the ecosystem will know their behavioral data for a lifetime so it's definitely good for web 3 web 3 drivers but I think based on yesterday vitalik like uh Speech he mentioned about um user flow user experience is the most important thing for adoptions so the question for us is that how can we get more traditional drivers who's still using the let's say wallet digital wallet to pay in the ecosystem to onboard to this uh blockchain ecosystem and I believe that most some of you come from foreign country like in Japan like in Korea um 25 of the elders still using cash they are the majority of the drivers they have to adopt this Behavior so we can make uh blockchain ecosystem more populate in the future and there's a market data in in Asia there's 1.4 billion drivers around the world and that is what we are targeting we are trying to build a ecosystem with all the drivers in Asia to connect them with the current like infrastructure we build camera payment ecosystem and Auto Parts Now cover Taiwan Hong Kong and Japan to provide this smooth driving behavior for them and last physical years we like reach out like 144 000 drivers paying within our Network and 83 percent of them remain inside the system because it's convenient it's easy to use you don't have any hassle to go to the auto payment machine to take out the cash to pay for your driving bills so I think one of the difference between the current driving behavior and the advanced driving behavior is that autopath has built out a product Market fit for the drivers to use the much more convenient way in the uh payment system right now so imagine that one day um you're driving with your car your your EV car your gas car going through the drive-through to pick up the order nowadays you have to pick up the uh you have to take the order on the first window you have to pay on the second window and then you have pick up your order in the third window but what if that you can pay uh inside the drive to buy your license plate that is the scenario that autobus can provide it to you and so for all uh to sum up all of the speech that I want to give the driver's Market size is quite huge there's 14 trillion dollars in Market size I think it's a good market for all the developers to jump into and also it's quite easy for drivers to remain in the system to create continuous Behavior because 83 percent of them remaining cyber system after the first transaction and that is what why we sponsor this event and how we are trying to figure out how to work with the blockchain developers to provide a better driving behavior payment system on the blockchain so we do have a booth over there and there are some Swagger you you guys can pick up and if you want to discuss with me with my developers I'm happy to talk to you and this is my speech thank you all [Applause] someday [Applause] [Music]