LYMPO


LYMPO - MONETIZING SPORTS AND HEALTH DATA VIA BLOCKCHAIN


See my review on this article, this project is great for those of you who love health and sports.

ABSTRACT
The usage of mobile health (mHealth) apps and wearables is ever-growing. More than 52% of smart phone users gather health-related information on their phone. In 2016 alone, mHealth app store downloads totalled 3.2 billion. Health-related data is a precious asset for both individuals and stakeholders in the data-driven sports, health and wellness industry.

However, the users generating this data can not aggregate, share and monetize it. Moreover, because it lacks the means to interconnect existing data, the industry can not unlock its full potential for the benefit of all market players. The rise of martial arts in the promotion of sports and wellness markets.

The Lympo ecosystem resolves this problem. Powered by user-generated and
user-controlled fitness and wellness data, Lympo will allow the exchange of value through the introduction of LYM utility tokens. Lympo's goal is an ecosystem where data is used e ciently by all industry stakeholders and everyone is rewarded fairly. It consists of three pillars: the Lympo fitness wallet, a marketplace and the Lympo crowdfunding platform.

The Lympo digital fitness wallet and user reward mechanism is at the core of the Lympo ecosystem. The wallet functions as an entry to the ecosystem and allows users to be rewarded in LYM tokens for their healthy lifestyle achievements.

These tokens can be used to purchase goods and services in a marketplace starting from an existing Lympo platform uniting more than 500 fitness professionals and later expanding to a broad network of sports, wellness and health goods and services providers. Finally, LYM tokens will be used on the Lympo crowdfunding platform to invest in innovative data driven companies in the industry which will contribute to the growth of this new ecosystem.

Watch the video here: https://youtu.be/qcCOoSmV308

CHALLENGES OF THE MOBILE HEALTH DATA INDUSTRY

The digital health market is exploring the market size of $ 233.3 billion by 2020. Much of growth is predicted to come from the mobile health (mHealth) market. In 2016 alone, the estimated total number of mHealth apps increased 57% 2. In that same year, the number mHealth app store downloads totalled 3.2 billion, with 52% of smartphone users gathering health-related information on their phone3. Most recently phones have inbuilt health-related data gathering capacities predicating this number to soar in the upcoming years.

What data are we gathering? Over the years, the fastest-growing mHealth sector is the fitness and wellness domain with a projected compound annual growth (CAGR) of 48.1% 4. 65% of all mHealth apps in the U.S. connect to wellness services, which has 36% of the total apps. Top categories also include weight loss, exercise, women's health, sleep and meditation.


At the same time, since 2005 the sports & wellness market has almost doubled from 46 to over 90 billion US dollars. All key market players in this industry: from personal trainers, gyms, sports apparel and healthy food producers to health insurers and companies aiming to incentivize a cross-platform fitness and wellness data exchange. Nevertheless, the data which users track every day remains confined by a single.

provider or a small network of partners at best, and said user has very limited ways to share it. Notwithstanding, the growing market and the broad use of mHealth apps have not yet passed on the promise of digital technology that empowers individuals and results in better health care and a more connected sports and wellness market. The crucial shortages:

  1. We are not the owners of the quantified self;
  2. mHealth apps do not integrate with each other.
  3. Due to restricted data flow, sports and wellness market lacks connectivity.


INTEGRATION
Market segmentation and lack of incentives for mHealth apps' integration of the data they generate.

FREE DATA FLOW
Due to the lack of a mechanism of allowing users to e ectively share their sports and health data, the sports and wellness industry can not o? Er user-centred products and services for all aspects of a healthy lifestyle.

BLOCKCHAIN APPLICATIONS IN THE HEALTH INDUSTRY
Healthcare might be a latecomer in the booming growth of enterprise blockchain apps, but it is getting more prominence as a promising technology to solve major issues in the sector of health data management on a governmental scale.

ENTERPRISE BLOCKCHAIN APPS BY SECTOR:

Most existing or projected blockchain applications in healthcare fall into these categories:
  • Interoperability between medical institutions
  • Electronic medical records
  • Insurance
  • Medical trials
  • Genomic research
  • Patient-generated data / Quantified-self data commons
ECOSYSTEM POWERED BY USER-GENERATED DATA
HOW IT WORKS?
  1. FITNESS WALLET AND USER REWARDS MECHANISM

  1. Athletic shoe producer publishes a 5km running challenge
  2. User decides to participate
  3. The agreement is registered
  4. User completes the challenge and submits the app tracking data
  5. LYM token rewarded
MARKETPLACE
  • In-platform purchases starting from an existing platform with 500+ fitness trainers1. A personal trainer can buy enhanced profile options and more exposure for their listing.
    2. A user can purchase more options for their health and sports data storage on the Lympo
  • Healthy lifestyle goods and services in return for data
  • Tailor-made health and fitness advice based on data users' and interests

CROWDFUNDING PLATFORM
  • Innovative industry startups seeking funding and expertise
  • Lympo ecosystem community reviews and ratings for startups
  • LYM token investments enabling access to Lympo user base

LYMPO ECOSYSTEM
WHICH PART OF ECOSYSTEM WILL YOU BELONG? SEE BENEFITS!


TEAM

ADVISORS

BLOCKCHAIN FOR SPORTS ALLIANCE

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