Your health is wealth and Lympo is here to help you encash it
Have heard that Health is wealth ?
It could never be more true then in the current times of stress and a constant pressure when almost 52% of mobile users are using apps to track their fitness and health.With innumerable amount of health apps and billions of downloads later all that we say is that all this data that these apps generate is being siphoned on to the big guys who are selling these app to you or offering them as freebies.
The app may be free or paid buy those behind it invariably get hands on your health data. From your daily exercise routine to how many steps do you jog or run they know it all.
You might ask whats the harm? Then look at it this way:
This is your information and if analyzed has important information that health and fitness professionals can use to not sell you your next product but in the hands of researchers it is vital info to find ways to fight a disease, stress or a host of other inferences can be derived.
Based on the hidden value of this data there is a lot of demand for this personal info of yours.
So would you like this to turn into something useful for yourself or are you happy if someone else profits from it?
If you want to turn this health information to something useful then go ahead and download the Lympo app and let it sync with all the health apps that you use and your wearable devices like health tracking smart bands as well.
After this first and very important step you would find that the app would list a task or two for you to perform. You can look at it as a personal challenge.
Say the app reads go run 5 km. If you are willing to complete the task then mark your consent on the app. This sets you up for the task.
Now go and complete the task and thereafter let the app know in the required format that you have completed the task.
This makes the app release the reward which are paid tot you in the form of utility tokens called LYM
There tokens can be used to buy a lot of health related services and product through the Lympo ecosystem. Both online and offline services can be bought with these token as long as they are available to you.
To enable the creating of such a system Lympo is setting up a blockchain based reward system for the user. Here the user gets a reward for completing a health related task.
However Lympo is much more then that. It is establishing a healthy lifestyle ecosystem and integrating the end consumer of the apps with the various stakes holders of the industry that is gyms,trainers health care product manufacturers researchers and a host of other people associated with the wellness and sports and fitness industry.
Lets look at Alice who is into long distance running she uses the Lympo app and finds a task to attend a karate demonstration. She is curious and completes the task. As a remuneration or reward she gets some LYM tokens credited to her account.
She is excited to use them. She checks the app and finds the option to use these LYM utility tokens to book a one on one meditation session. She is delighted and learns a new breathing and concentration technique as a result.
This was possible because she could monetize her activities with the help of the Lympo app.
From individuals like Alice who want to lead a healthy and fitter life to trainers, gyms, sport goods sellers to those needing data for analysis or insurance agencies wanting to give their clients incentive to live a healthy life there is something for every one in the Lympo ecosystem.
All this works smoothly due to the application of smart contracts.
Delve in to app and you would see that when a user commits to perform a task for a token based payment reward then he or she are entering a smart contract.
Completion of the challenge that is assigning and its correct reporting triggers the release of the reward utility tokens (LYM tokens)
These tokens are used as the currency to trade and do business in this ecosystem.
For more information please view this video and visit the following links
@originalworks
Submitted.