Lympo will Reward You to Generate and Control the Flow of your Health Data
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Your personal data is a big and valuable asset to you and stakeholders in every industry including the health industry. Digital health records are even more valuable to companies who go on to make money from them whether you use their products or not.
With the advancement of technology, it’s unfortunate that your personal data is no longer yours. Data protection laws are can’t be trusted to protect your data from unauthorized access by third parties. You generate these data but you have no control on how they are used or what they are used for.
Recently, several media houses reported that a data analysis and political consulting firm stole the data of 50 million users on a popular social media and secretly used it to influence a major election. This data was unlawfully provided by a third party researcher even after giving a legal guarantee that all of the data were deleted.
In another recent development, Isreal just approved a project that will make the health data of its citizens available to researchers and private companies.
The common theme here is that users have no control over their data. You can’t control the flow of your data and you can’t make money from them. What if you’re rewarded to generate and control your health data without fear of being monitored without your permission?
With Lympo ecosystem, you’re rewarded fairly for your health data which you also control using the blockchain.
The Role of Lympo Ecosystem in the Global Health Data Industry
Lympo ecosystem is helping wellness, sports and health enthusiasts to monetize their user generated health data on the blockchain. As a user, you’ll receive incentives for integrating your mHealth apps to the ecosystem which will give you a summary of all your health activities without the interference of a third party.
According to a recent announcement, Lympo developers will also distribute 20 percent of the company shares to LYM token holders through an IPO with a maximum of one percent distributed per token holder to ensure a fair distribution of the shares.
LYM token holders will get real value and also participate in making decisions for the company. The real long term value of Lympo is to create a community based ecosystem that is conscious of its health, where everyone is in control and fairly rewarded for their health data.
The Impact of Lympo Ecosystem on Fitness and Sports Enthusiasts
The Lympo ecosystem will provide maximum value in terms of data aggregation, security, and incentives for key players in the health and wellness industry. According to their whitepaper, some of the benefits you’ll get with the Lympo ecosystem are extra motivation to reach your healthy lifestyle goals and specific services based on your health data.
There are three main parts to the Lympo ecosystem that serves different purposes:
- The Lympo digital fitness wallet and user reward mechanisms
- Lympo marketplace
- Lympo crowdfunding and investment platform.
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