Healthy lifestyle ecosystem powered by user-generated and user-controlled sports and wellness data.
The usage of mobile health (mHealth) apps and wearables is ever growing. More than 52% of smart phone users gather health related information on their phone. In 2016 alone, mHealth app store downloads totalled 3.2 billion. Health related data is a precious asset for both individuals and stakeholders in the data driven sports, health and wellness industry. Health apps that use your smartphone to journal or monitor progress over time can be useful because they make it easier to communicate problems with your doctor; often they allow you to record photos or documentation you can take to an appointment for instance.
A study on reducing cardiovascular disease (CVD) risk with the help of mHealth apps and wearables concludes that:
"Mobile health technology has shown the potential to optimize the management of CVD and other chronic diseases by empowering patients through better health self-monitoring and education. However, several challenges are present when patient’s data are utilized and monitored in the healthcare setting. A common issue is the privacy and security of health information."
However, the users generating this data cannot aggregate, share and monetize it.
They are not the owners of one of the most valuable assets they have, their health-related data, although they constantly gather this data voluntarily or involuntarily.
Moreover, because it lacks the means to interconnect existing data, the industry cannot unlock its full potential for the benefit of all market players. The rise of mHealth applications has not yet delivered on the promise of digital technology empowering individuals and resulting in better health care and a more connected sports and wellness market.
An additional problem with the mHealth sector is that most health apps focus on one specific area, while each of the providers gather only very specific information, thus lacking an overall picture.
The Lympo ecosystem aims to resolve these problems.
It is widely agreed that blockchain technology has the potential to disrupt the health sector by making user-generated data the core of the healthcare ecosystem. It can achieve this by increasing the security and interoperability of health data.
Lympo aims to create an ecosystem powered by user-generated and user-controlled fitness and wellness data allowing the exchange of value through the introduction of LYM utility tokens. Lympo’s goal is a marketplace where data itself is used efficiently by ecosystem members and everyone is rewarded fairly.
The Lympo ecosystem starts from the existing platform which enables users to find the best personal trainer with 500+ fitness professionals operational in Lithuania, www.lympo.lt, and expanding to California, U.S. and Melbourne, Australia.
The ecosystem is composed of three main parts:
- the Lympo digital fitness wallet and user reward mechanisms;
- Lympo marketplace;
- Lympo crowdfunding and investment platform.
Team tokens will be locked for 24 months after the end of the token sale. Advisors’ tokens will be vested in 12 months.
Website: https://lympo.io
Summary: https://lympo.io/wp-content/uploads/2017/12/summary.pdf?v2
Whitepaper: https://lympo.io/wp-content/uploads/2017/12/whitepaper.pdf?v5
Cardiovascular Disease Risk Reduction Study: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5362162/
DISCLAIMER
- I'm not affiliated in any way with LYMPO, I just think it's an interesting project.
- I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
- All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or coin picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.