Photo by Tumisu, Public Domain
Rather than investing in a gym membership or arranging a weekly appointment with a personal trainer, millennials that enjoy keeping fit are increasingly recognizing the benefits of state-of-the-art technologies in their environment. The blockchain, which is the underlying platform that powers cryptocurrencies such as Bitcoin, is utilized by several brands to disrupt the health and fitness industry, from hard-core runners to yoga enthusiasts and everyone in between.
Introducing BEAT Fitness: Blockchain Meets Sports
BEAT Fitness is an innovative platform designed to help fitness fanatics unlock the hidden value of data based on their level of fitness and health. BEAT Fitness acts as a secure database for all your data points. Whether it’s your heart rate, weight loss or the specific activities you enjoy, it’s all stored in your BEAT account on the blockchain. In the past, this data was recorded and stored with little thought about the potential that the data holds. That’s where BEAT Fitness comes in.
BEAT Fitness is aiming to become the world’s number one gym management platform, helping people to achieve their fitness goals and enjoy many benefits from doing so. Unlike most fitness apps, trackers and various software systems, BEAT Fitness not only collates fitness data but puts users are in control. The BEAT Fitness blockchain ecosystem allows members to monetize the fitness data they provide following workouts, receiving rewards from various connected sponsors and service providers as a result.
Using the BEAT Fitness NoExcuse app, every time you reach set targets, you’ll receive BEAT Fitness tokens based on the amount of exercise you do. These tokens can then be redeemed at portals such as Bedarf.de and cryptocurrency exchanges to turn BEAT Fitness tokens into cold, hard cash. BEAT Fitness may also prove beneficial to companies that offer corporate gym plans, with the chance to engage employees with an ecosystem designed to reward them for their active lifestyle, making them more productive and energized in the workplace.
Meet Lympo: Another Exciting Health and Fitness Blockchain Ecosystem
According to Lympo’s executive summary, the use of mobile health apps and wearables is on the rise. Some 3.2 billion health apps were downloaded in 2016, and this continues to increase. Lympo also seeks to put the power of user-generated data back in the hands of its members by allowing its users to generate LYM tokens that can be used to purchase goods and services within the Lympo marketplace. Or invest in other innovative data companies via the Lympo crowdfunding platform to make ecosystems like this an even better place in years to come.
The blockchain is not only helping to improve the integrity of the health and fitness industry, it is also revolutionizing the online poker industry. As such, platforms are offering a revolutionary poker room using dedicated cryptocurrency, underpinned by the transparency and security of the blockchain. Soon, the platform will also be fully decentralizing its random number generators (RNGs), which determine the outcome of every hand of poker played out on the site. It is due to happen later this year, allowing their players to view their impact on card shuffling, the first feature of its kind in the online poker industry.
The blockchain has a bright future, of which there is no doubt. The ability to provide decentralized control of data, enable new business models and deliver trust is music to the ears of the consumer. Gartner research believes the value-add of the blockchain could reach $176 billion by 2025 across all industries. We’re only scratching the surface when it comes to the health and fitness sector.
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