Lympo: Redefining the Global Health Data Industry

gandhibaba (72)in #originalworks • 6 years ago (edited)

It is no news, I believe, that the global health data industry has grown tremendously in the past few years with projections that it will hit an estimated worth of $233.3 billion by 2020. Sadly, large corporations have largely been the beneficiaries of the growth of the global heath data industry.

For instance, large corporations use health data collected from different mHealth apps to improve their services, cater for their users, and sell the gathered information for huge profit. Interestingly, however, the health enthusiasts who generated the data through rigorous routines have had little or nothing to benefit beyond six packs and flat belly. Lympo is about to put power in the hands of those who truly deserves it - the individuals whose data are collected through mHealth apps.

What is Lympo?

Put smiply, Lympo is a health and wellness platform on the blockchain. Lympo provides a rare opportunity for users to save their health data on the blockchain, monetize those data, and have total control over it. These features are, obviously, not available on the present mHealth apps in the market.

Available information on Lympo's website has this to say about the aims of Lympo:

Lympo aims to create an ecosystem powered by user-generated and user-controlled fitness and wellness data allowing the exchange of value through the introduction of LYM utility tokens. Lympo’s goal is a marketplace where data itself is used efficiently by ecosystem members and everyone is rewarded fairly.

DQmewpboqZUjeeRCsyGduzeKuGfDzWkjmSQ2YsWtFPLLrAP_1680x8400.png

The Roles of Lympo in the Global Health Data Industry

Lympo has recently concluded its ICO, with over 10,000 registered members across the globe. Following this landmark achievement, Lympo is set to play three key roles in the global health data industry. The roles are namely:

The Introduction of Lympo digital fitness wallet and user reward mechanisms

This wallet will help individuals to create a profile that can be linked to their preferred sports and other health tracking apps. The individual data submitted via Lympo fitness wallet will be accessible to its user and can be viewed or shared by storing a permission on blockchain. What about the rewards?

The Lympo White paper says that:

The rewards issued by market players interested in having direct access to Lympo digital fitness wallet users can be of two different types: A reward for achieving a healthy lifestyle goal, i.e. running 5 kilometres or following a precise diet and submitting app records to Lympo prole. A reward for checking into a particular location for a specied amount of time, i.e. joining a gym class or attending a karate competition.

Introduction of a Lympo marketplace

Another key role that will be played by Lympo in the global health data industry is the introduction of a market place. Lympo will issue LYM tokens which can be used to purchase health related goods and services. This innovation will not only promote good health and fitness behavior, it will also boost the growth of the global health data industry astronomically.

The Lympo Whitepaper provides an insight:

Getting premium features in the Lympo platform. E.g.:
A personal trainer can buy enhanced prole options and more exposure for their listing.
A user can purchase more options for their health and sports data storage on the Lympo platform, like reminders and health advice based on the data submitted.
Everyone owning tokens will receive discounts on products offered by our partners: sports and wellness businesses, healthy food and supplement providers, etc.
Businesses use tokens to pay for listing their products and services on the platform.
Introduction of Lympo Crowd Funding Platform

Lastly, Lympo will play a key role in the global health data industry by introducing the first crowd funding platform for the industry. The Lympo crowd funding platform will provide those holding the LYM tokens the opportunity of investing in potentially profitable health and wellness start-ups. This is a geat innovation that will definitely result to the spring up of health and wellness businesses, boosting the overall growth of the industry.

Lympo is Giving 20% of its Shares to LYM Token Holders........the Impacts?

After its successful ICO, Lympo has offered to give 20% of its shares to those holding the LYM tokens. This is a fantastic move which, I believe, would have a lot of positive impacts for me and everyone else who has invested in the LYM tokens. Specifically, the following should be expected:

A Surge in the number of those buying the LYM tokens.
A surge in the growing popularity and adoption of the LYM tokens.
A peerless motivation for the growing number of those participating in health and wellness exercises across the globe.
Two way profits; for organizations and individuals with the LYM tokens.
Appreciation of the LYM tokens as they greet mass adoption.

Conclusion

There is no doubt that Lympo is determined to redefine the way global health data are handled, bringing decentralization through the blockchain. Lympo's plans appear to be precise and straightforward. Let us give Lympo a chance and see the global health data industry transform before our very eyes.