Repost: Lympo - Becoming healthier with blockchain: sounds like a crazy idea? Maybe it’s not.

Every day, hundreds of millions people track their fitness and wellness data on multiple running, exercising, diet, meditation, sleep tracking and other apps and wearables. Digital health market is exploding both in the number of new companies in this field and the expected market size of $233.3 billion by 2020. In 2016, the estimated number of mHealth apps showed a yearly increase of 57% with the number of downloads totalling 3.2 billion. 52% of smartphone users gather health-related information on their phone. Most of new phones have inbuilt health-related data gathering capacities making this number soar in the upcoming years.

What data are we gathering? Over the years, the fastest-growing mHealth sector was fitness and wellness domain with the projected compound annual growth (CAGR) of 48.1%. 65% of all mHealth apps in the U.S. account to wellness services, among which fitness has a strong leadership position with 36% of the total apps. Other top categories include weights loss, exercise, women’s health, sleep and meditation.

The health data we produce is one of the most precious data assets. However, we do not own it. We cannot securely store it, share it or monetize it. Moreover, as this data is fragmented, it cannot be used to assess our physical and mental wellbeing or for research purposes.

What if you had a technology that offers you a place to aggregate the health information you produce in one place and securely grant permissions to view or use your data only to people you want to share it with and only for as long as you want? With blockchain you can.

What if you were able to earn tokens for a healthy lifestyle? What if research institutions, life insurances, fitness and wellness coaches, doctors were able to reward you for your healthy lifestyle achievements? What if you were able to receive further services to improve your health with the tokens you earned while walking, exercising, running, meditating, eating healthy food or getting enough sleep?

Lympo fitness and wellness wallet will help people to do exactly this. Lympo is a platform which helps to find the best personal trainer closest to you based on geolocation and ratings (www.lympo.lt, www.lympo.com full launch soon). Lympo tokens will be used as a utility token on our platform. Anyone who booked a trainer or a training program on Lympo platform will be able to enter a smart contract including a tailor made training regime and rules how it will be tracked using available apps and wearables. Once the training goals are achieved, the user will get Lympo tokens in reward.

Starting with this first step, our goal is to enable anyone tracking their fitness and wellness data to do it via the Lympo platform. The ecosystem accepting Lympo tokens and offering various forms of reward contracts will be expanded for it to become the number 1 healthy lifestyle network including healthy food providers, sports apparel producers and health insurances.

Soon more news will be uploaded

You can check our website: www.lympo.io

Or connect via telegram: https://t.me/lympo

Repost from: https://medium.com/@lympo.io/becoming-healthier-with-blockchain-sounds-like-a-crazy-idea-maybe-its-not-52c3313a67c1