Lympo helps Users get paid to share their health data and is set to revolutionize the health, fitness and wellness industry

thetimetravelerz (66)in #cryptocurrency • 6 years ago (edited)

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Are you getting paid or compensated for sharing your health and fitness related information with health mobile app providers? In most certainty your answer would be a No.

This draws attention to the biggest problem faced by anyone using a health & fitness app that is...

You own health related tracked information is not always accessible to you.
You end up sharing your vital health information with 3rd parties without getting compensated in anyway.
The collection of information is fragmented for an individual as apps are mostly designed to track a few parameters and not the whole body parameters and on a industry wide bases there is lack of collective data available.

Are you aware of the true reality of using a mobile app or a wearable device?

Whenever you use a mobile health app or a wearable you are sharing the most valuable information about yourself that is your health data with those running those app. This free access of information gives the companies running the apps free access to your health related data.
A heart rate monitoring app data gives your heart condition away and the running app that you use shares information about your running habits and fitness levels.
Knowingly or unknowingly we give these apps the opportunity to trade our valuable data for money.

What do you get in exchange of this most valuable asset that you posses? Nothing !

This points to a real life condition where our most vital information is traded without our consent and on the other hand even this collected information is not complete and collated. The heart rate monitors has information only about our heart. The running app has information about our running activity but the complete picture of our health is not present to us in a collated interface.
So what is the solution?

The solution is called Lympo.

Lympo is a blockchain powered health and wellness ecosystem where a user is offered a reward for completing a wellness related task.
For an end user it is also an app that lets him collate, save and monetize his fitness and health related data.
In addition it offers a user incentive for completing health relating tasks. The incentives are paid with LYM tokens. This would be the currency of this app.
A user can exchange these tokens for buying services and products both online and offline.

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Benefits for the health and fitness industry

There is good news for fitness trainers, dieticians, gyms and all those in the fitness and health industry.
The concept I am going to share with you is going to make even the employers happy and the insurance guys would offer you a good discount on your health insurance. Interested ? Then read on..

To understand this opportunity let us consider a use case

Dan is conscious about his health so he downloads and consults mobile health
apps in his mobile phone. He also user a wearable band to track his physical
activity.
So one may argue that his action puts him in the bracket of 52% of the mobile using population who search for
health related information using their smart phone and download and use mobile health apps but now what Dan does is what makes him stand out from the rest.
He connects his mobile apps and wearable devices to Lympo and lets it record
the health related information that he shares with his health apps.
Lympo gives him access to a reward system where fitness related challenges would be displayed and there would be a reward for completing these challenges.
He checks the challenge available for him and finds that he would earn a reward for running a 5 km stretch. This challenge has been added by a energy drink maker who want to advertise and promote their re hydrating energy drinks for runners.
Dan accepts to complete this challenge there by entering a smart contract.
He completes the challenge and upon recording the completion of the challenge gets LYM token coins release as his reward.This is the SMART CONTRACT: USER REWARD PROGRAM
He checks where he can use these tokens and finds that his local gym is enlisted there. He can use his reward tokens to buy a whole range of services and products.
He is keen to connect with a personal dietitian who can help him lose weight and the Lympo app gives him the opportunity to connect with a dietician.
Anyone associated with fitness and health industry can list with Lympo.
So fitness trainers and dietitians from any part of the world can enlist their services on Lympo.

Megan is a qualified dietitian and connecting to the Lympo system gives her listing appear in front of those seeking a dietitian.
Dan finds Megan's listed as a dietician and he engages her as his personal dietitian.
Besides professionals local gyms can become a part of Lympo system and using client profiling can offer customers customized classes and sessions.
A local gym can use data profile of individuals in its region to obtain a list of individuals that they are keen to learn yoga or Zoomba.

Take the case of Sam who has started a neighborhood gym and wants new clients. He signs up his gym with the Lympo ecosystem and can pay with LYM tokens to access the information about people interested in joining a gym.
The data from the Lympo ecosystem tells him that there are 1500 people who are interested in yoga or weight training.
Based on this data he starts Yoga and weight training classes and enlists his offer onto the Lympo system.
Local users within the demography get the opportunity of trying out the Yoga or Weight training services as per the offer made by Sam's gym and upon completing the challenge they get rewarded in LYM tokens for using these services.
Following the try before you buy offers gives Sam's gym ready access to the target market and a head start in the gym business.
Employers can use the LYM tokens to buy their employees gym memberships. As they make bulk purchases so on one side getting corporate discounts and on the other side get happy fit and healthy employees.
Insurance agencies can become part of Lympo ecosystem and there can be a multi level benefit due to this.
On one side the insurance agencies can pay with LYM tokens and get access to the database of the health conscious individuals.User data would validate the actual health condition of a person. Thus making it possible for an insurance agency to make an accurate estimate about the risk evaluation and premium calculation.Active healthy lifestyle would keep individuals disease free and would decrease the disease risk associated with unhealthy and sedentary lifestyle.

Their offers can be enlisted as part of the rewards or there can be a reward for signing up for a health related insurance product. In this scheme of things there is fair possibility that users of this system would have to pay a much lesser premium as their active lifestyle and good health would make them a low risk business prospect.
Perhaps one day users would be able to pay their health insurance premium using Lympo tokens.

For the investors Lympo opens up the gateway of riding the business opportunity created by the increasing digital health industry which could be a $233 billion market by the year 2020 a lot of which come from the mobile health segment. With 3.2 billion downloads a year for mobile health app the prospects are bright.
Future investors would be interested to know that of all the mobile app business growth mHealth sector has shown the maximum growth in the fitness and wellness domain of the market and has a projected compounded growth (CAGR) of 48.1% For the record 4.65% of all mHealth app are currently connecting to welness services.

Fitness apps make for popular downloads and make upto 36% of the downloads. This offers a good opportunity to grow with leading popular health categories are
Weight loss,
Exercise ,
Womens Health
Sleep
Meditation.
Thus an investment in the the Lympo ecosystem should offer both safety and growth.
In future Lympo ecosystem would be used as a crowdfunding platform.

For those interested in investing can have a look at the ICO details using the following links.