WOTI Governance Enters Agreement for Jejudo Rent-A-Car "Jjim Car" Partnership

• Car rental service will be launched based on BOScoin Partnerships
• Plans to build a blockchain town in Jeju where BOScoins can be used in December

SEOUL, South Korea, Sept. 27, 2018 /PRNewswire/ -- Korea Cashback (CEO: Young-min Kim) entered a business agreement with Nature Mobility (CEO: Joo-sang Lee) on Sept. 18 at the conference room on the 8th floor of the Korea Tourism Organization (KTO) to provide a free rent a car reservation service in Jeju Island to domestic and international tourists who participate in the WOTI Governance.

As part of partnership programs offered at home and abroad to commemorate the 2019 launch of WOTI Governance, which was announced at the last meet-up in the Plaza hotel on Sept. 3, the agreement will allow the companies to secure over 5,000 conventional and electric cars from 32 rent a car companies in Jeju Island that will be utilized for a complimentary service for tourists who participate in WOTI Governance.

Based on the business agreement with BlockchainOS (BOScoin), the WOTI Governance run by Korea Cashback will now allow users to obtain BOScoins for free through an app that uses location-based Augmented Reality and to use the coins in participating merchants by scanning a QR code. The global service will begin in 2019 and continue to accept a wide range of partners across the globe.

Securing a rent a car service in Jeju Island for the WOTI Governance enabled Korea Cashback to plan various ride-share and personal vehicle sharing services as well as gaining access to the technology that supports easy and fast connection with global companies. In the meantime, Nature Mobility expects to expand the market through the WOTI Governance and generate a steady revenue stream.

Both companies secured 129 electric vehicles to contribute to reduce pollution in tourist attractions and put them to use first for the free reservation service starting in 2019.

Also, together with its partners, Korea Cashback, Nature Mobility, and PayExperess, BOScoin plans to run a campaign to increase the adoption of electric cars and promote the service by Jeju island rent-a-car companies. It is building a service network based on the BOScoin platform to help rent-a-car companies that switch from gasoline-powered cars to electric cars.

With the launch of its mainnet in December around the corner, BlockchainOS is successfully running public financing service and partner development programs and announced with the partners its vision of building a blockchain town in Jeju Island where tourists can travel and shop using BOScoins, prior to the official launch of the WOTI Governance in 2019.

About BOScoin Partners

Korea Cashback was selected as a rising tourism startup by the Korea Tourism Organization (KTO)'s tourism venture project which is part of a bigger project which was designed to create jobs in the tourism industry and enhance Korea's tourism by nurturing tourism venture companies that create new value and synergy in relation with existing tourism businesses based on creativity, innovation and technology. Korea Cashback is building the WOTI Governance through a strategic partnership with BlockchainOS.

Nature Mobility is developing a next-generation eco-friendly mobility service platform that expands the existing ride share services to include all means of transportation such as personal mobility (electric kick boards, electric wheels, etc.) as well as buses and trucks. Nature Mobility launched an app named "zzimcar (www.zzimcar.co.kr)" under the motto "Service to zzim (call first) a nice car in Jejudo" to provide a rent a car service in Jeju Island.

PayExpress is an operator of the BOScoin-based simple payment system and working together with BOScoin to build various blockchain financing service platforms to promote the use of blockchain.

SOURCE BOScoin