Cryptoworld: Lympo-Healthy Lifestyle Ecosystem Powered by user-generation and user-controlled sports and wellness data

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 cannot aggregate, share and monetize it. Moreover, because it lacks the means to interconnect existing data, the industry cannot unlock its full potential for the benefit of all market players. The rise of mHealth applications has not yet delivered on the promise of digital technology empowering individuals and resulting in better health care and a more connected sports and wellness market.

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 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. See more here : https://lympo.io/

What is Lympo ?

Healthy Lifestyle Ecosystem Powered by user-generation and user-controlled sports and wellness data.

How can Blokchain Address the Biggest Fitness/Wellness data management Problems ?

It is widely agreed that blockchain technology has the potential to disrupt the health sector by making user-generated data the core of the healthcare ecosystem. It can achieve this by increasing the security and interoperability of health data. In this paper, we focus on mHealth or more specifically on the fitness/wellness sector powered by mHealth apps and wearables. However, it is important to grasp the whole picture to realise Lympo’s full potential in the future.

Blockchain is a distributed system which records and stores transaction records, in a fashion making it impossible to change the content of the transaction in a digital ledger. Each transaction block is stored in the ledger and chronologically linked to another block after the transaction records are verified by a distributed peer-to-peer network. End-to-end encryption makes an interaction like storing, exchanging and viewing information possible without established trust between the parties. Avoiding one central authority, blockchain relies on an anonymous network of participants preventing privacy and confidentiality breaches.

Blockchain-based smart contracts represent contracts that can be fully executed when contract conditions are met. This system unbundles the need for any kind of exchange with an intermediary checking contract conditions. Until now, intermediaries played a crucial role in exchange of value situations, thus earning from their role. Smart contracts enable end users to enter a trusted relationship without any other authority.

BLOCKCHAIN APPLICATIONS IN THE HEALTH INDUSTRY

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

ENTERPRISE BLOCKCHAIN APPS BY SECTOR (selected)

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

HOW IT WORKS?

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 e ciently by ecosystem members and everyone is rewarded fairly. A mHealth app/wearable user is at the centre of this ecosystem including all key players in the sports and wellness industry: