BEAT: FEELING SPORTS PLATFORM THROUGH BLOCKCHAIN

in #beat6 years ago (edited)

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Over the years it has been observed that one of the leading revenue generators is the sport sector, millions and billions are generated form this sector yearly, and it has ever been increasing as each year passes by. But not only sports, the health and nutrition sector also has proven to generate more revenue. Now with the introduction of blockchain technology, it has all been all round good news to most sectors, an to this sector we are about to discuss in particular. As it as been observed that many businesses set up in sports health industry lacks a long lasting solution for health data-privacy, it has heavily proved to hamper the growth of the system given that it is Paramount to users. Thus, users of market are currently fragmented by their functionalities and lacks the suitable platform to create a self-sustaining ecosystem of such companies, users of the platform, and even third-parties. The aforementioned perception of the ecosystem is seriously hindering its upward movement and rapid growth. But the blockchain introduction, as mentioned before, has served as the beginning to the solutions of the problems involved.

BEAT
Beat is known to be a state-of-the-art blockchain based platform that safekeeps your data and offers users the opportunity to share it with sports sponsors, talent scouts, doctors, insurance companies and many more to unlock and showcase the potential possessed by an individual. Summarily, a comprehensive access to your health and activity data. Beat platform offers users the choice to monetize their verified health data they generate every time they exercise, and allows corporations to buy those data according to their needs utilizing the power of the blockchain on a consumer's perspective. Just to cut the long story short, Beat platform severs as the table of trust between the three catalysts altering the operation of the system, which are, Data Providers, Data Consumers and Trusted Third Parties.

BENEFITS OF BEATS PLATFORM
Using BEAT comes with a whole lot of benefits in which some will be discussed in highlights as follows;

  • The platform facilitate sports and talent sponsoring
  • It Supports medical research and its development
  • Beat provides physicians and physiotherapists with a truly comprehensive view of health and activity data
  • It provides Insurance companies opportunity of being rewarded a healthy lifestyle
  • Its awareness feature is a major benefit for talents discovery

BEAT TOKEN AND TOKEN ALLOCATION
Beat token is the official token of the platform generated by the ethereum smart contract set up by MySports. The tokens generated will be distributed into the following percentages as shown in the image below; image
For more info about BEAT, visit;
Website: https://beat.org/
Whitepaper: https://beat.org/#whitepaper
Twitter: https://twitter.com/beattoken

Author: teepheh
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2142272

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