BEAT: Disrupting the Health and Sports Industry

funkyies (0)(1)in #blockchain • 6 years ago

A new era has come Technologies are changing the world. What previously seemed to be impossible, today is already the reality. The time for changes in health and fitness industry has come. It’s time to save the world of sports and health. So,let us understand what project BEAT is all about.

BEAT is a platform that promotes sports activities on the blockchain. More specifically, sports enthusiasts can earn tokens by doing sports exercises that can be tracked through devices or software. The recorded data will then be posted to the blockchain. This data owner may disclose or hide such data.

A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.

The public and verifiable data will be easier to get funding. The sponsorship award may be a BEAT token placed on a blockchain based on a smart contract or may be made outside if the sponsor and the data owner agree.

In addition, instead of using computer resources to mine, BEAT will be exploited by individuals who perform a variety of sports activities, monitored by certified technology. This helps to connect both the community and trusted third parties together, creating a sustainable BEAT ecosystem.

BEAT is a state-of-the-art blockchain platform that safekeeps your data and allows you to share it with sports sponsors, talent scouts, doctors, insurance companies and many more to unlock the vast potential hidden in an truly comprehensive access to your health and activity data - one heartbeatat a time.

The BEAT Blockchain will enable the user to store his verified sports health and activity data anonymously and encrypted in the Blockchain. Only the user will have truly comprehensive access to his data. The user can autonomously decide if he wants to become a Data Provider by sharing specific data based on a contractual agreement with future Data Consumers. The Data Consumer only gets access to the data as agreed in the contract and for the sole purpose defined in the contract. The Data Consumers will appreciate such ease of access to verified and unchangeable data.

The BEAT Blockchain provides a decentralized framework to share patient activity and health information across a range of applications and stakeholders. Benefits will be improved data integrity, decentralization, confidentiality and reduced transaction costs.

The BEAT Blockchain will help improving clinical research quality. Blockchain technology could let people offer health records for research, without losing control over them. The BEAT Blockchain will will solve some of health care’s major challenges, including: identity, privacy, data liquidity, care coordination and more.

Doctors need to solve a major problem and share the problem with relevant data on the BEAT Blockchain.

After enough input has been gathered part of the medical participants join together to finalize the initiated study and share the result on the BEAT Blockchain.

The BEAT Blockchain connects three important groups of stakeholders

● Data Provider - is anyone generating health and activity data. These could be private persons (e.g. patients or sportspersons) or institutional organizations (e.g. clinics or gyms) as well

● Data Consumer - is any private, legal or political entity offering use cases for access to certain health and activity data.

● Trusted Third Party (TTP) - is any legal entity providing infrastructure to capture and verify health and activity data reliably and who is willing to extend it in order to fulfill the following requirements

THE BEAT TOKEN / ICO INFORMATION

The BEAT Token is a standard ERC-20 token that can be used by multiple wallets and trading platforms.

The BEAT Token smart contract and the crowd sale smart contract is publicly available for auditing before the launch of the ITS at the address: https://github.com/beat-its/smart-contracts

The BEAT Token is the equivalent of a ticket which gives the owner access to a certain amount of services on the BEAT Blockchain. Every time a Data Consumer accesseshealth and activity data on the BEAT Blockchain he pays to the BEAT Foundation and the Trusted Third Party a to be defined amount of BEAT Tokens.

The costs for access to anonymous data in the BEAT Blockchain will be much lower than those for personalized data.

The initial BEAT token sale ("ITS") will finance the initial development of the BEAT Blockchain covering some basic use cases in the area of fitness and sports and the enhancement of our sports facility management software including its ecosystem. We, the issuers of the BEAT Token, invite you to participate in this ITS.

The BEAT token Pre-Sale runs from January 23rd, 2018 to February 20th, 2018

The BEAT token Sale runs later on from February 20th, 2018 to May 15th, 2018

BEAT Token: Ethereum ERC-20 - capped at 5,000,000,000 Tokens

70% of all available BEATs are allocated to the token sale - unsold tokens from this allocation will be burned

Participate with Ether more options including fiat will be added in future phases

No Minimum Contribution - feel free to contribute 1 Wei ;-)

Exceptional Team: 140 employees, 40 developers, experienced management team and professional advisors

Trading: expected to be traded on multiple exchanges

Initial Token Price: 1 BEAT = 0.01 EUR. This price will increase every week by 0.001 EUR

The price for one BEAT Token will increase over time during the ITS:

● From 2018-01-23, 12:00 CET to 2018-03-13, 12:00 CET = 1 Euro-Cent

● From 2018-03-13, 12:00 CET to 2018-03-20, 12:00 CET = 1.1 Euro-Cent

● From 2018-03-20, 12:00 CET to 2018-03-27, 12:00 CEST = 1.2 Euro-Cent

● From 2018-03-27, 12:00 CEST to 2018-04-03, 12:00 CEST = 1.3 Euro-Cent

● From 2018-04-03, 12:00 CEST to 2018-04-10, 12:00 CEST = 1.4 Euro-Cent

● From 2018-04-10, 12:00 CEST to 2018-04-17, 12:00 CEST = 1.5 Euro-Cent

● From 2018-04-17, 12:00 CEST to 2018-04-24, 12:00 CEST = 1.6 Euro-Cent

● From 2018-04-24, 12:00 CEST to 2018-05-01, 12:00 CEST = 1.7 Euro-Cent

● From 2018-05-01, 12:00 CEST to 2018-05-08, 12:00 CEST = 1.8 Euro-Cent

● From 2018-05-08, 12:00 CEST to 2018-05-15, 23:59 CEST = 1.9 Euro-Cent

The BEAT Token will comply with the ERC-20 standard and will be freely transferable on the Ethereum blockchain. Ethereum was the natural choice for this project due to its wide adoption and industry standard for issuing custom digital assets. The compatibility with the ERC-20 standard leverages the existing infrastructure advantages of the Ethereum ecosystem, namely in terms of development tools, wallets, exchanges, and human resource expertise.

Referral Program: multi level referral program. 15% bonus direct referrals, additional 5% bonus for referrals by your direct referrals.

Bounty Program: available on https://bitcointalk.org/index.php?topic=2851849.0

Product: already several hundred man-years invested in research & development, dominant market-leader in Germany, ready to scale worldwide

Achievements and Roadmap

2014: Start of development of Magicline 2.0 - the leading cloud software for managing the day-to-day operations of sports, fitness and health providers

2015-16: Development of the ecosystem to digitize sport facility management; Incorporation of Eurofit24 GmbH to provide financial services currently managing volume of 50 million Euro of receivables per year. Incorporation of Bedarf.de GmbH and MySports GmbH to provide a role model for e-commerce Start of the development of the app "NoExcuse" by MySports Magicline 2.0 has been developed with 140 person team working on it Founded Eurofit24 GmbH to provide financial services, currently managing a receivable volume of 50 million euros per year

2017: Magicline 2.0 is released; 3,000 customers are migrated to Magicline 2.0 which becomes a full success Release of the first version of the NoExcuse app, being part of the customer interface for people to interact with their sports providers, as e.g. fitness studios

2018: BEAT Token Sale launches and publication of an enhanced version of NoExcuse

2019: Roll-out of the BEAT Ecosystem in Germany

2020: Roll-out of the BEAT Ecosystem to the world

THE BRAINS BEHIND BEAT PROJECT

The team consists of exceptional 140 employees, 40 of them seasoned developers, an experienced management team, obsessively dedicated to the cause, an outstanding CEO and well connected advisors, located in the heart of Germany’s second largest city, Hamburg.