Lympo is a health and wellness start up that aims to change the way users interact with the data generated by them. This data could be from wearables or other smart devices.
As with cryptocurrency the aim of this blockchain startup is distribute the power back to the people and also use the data generated in a more optimized way. It does so by cutting on the middle men- the companies that store the data produced by users but are reluctant to share it with them.
Overcoming the Illusion
One of the major problems that new and upcoming block chain ventures have is that the power is not truly decentralized. If 5 people own 50% in a venture, the power is concentrated in those 5 people. Decentralization becomes a contradiction in this case.
Lympo has tried to address this problem by placing a maximum limit of 1% on the shareholder regardless of the number of tokens they hold. This counteracts a phenomenon that is very common across the block chain.
How it works
The data generated by the user can be used in exchange for lympo tokens. The amount of data and the nature of data will be controlled directly by the user.
These tokens can in turn be used to purchase health and wellness products thus rewarding the user for a better lifestyle.
Caselet
Here’s an example to illustrate how Lympo can benefit the older generation.
Our parents’ health is a concern for many of us, but a lot of us live far away from them. Often, they don’t exercise or go for walks. You worry about their glucose levels and their hypertension.
So, you set rewards for them on Lympo, these rewards will be tied to specific goals that help benefit your parents’ wellbeing.
Lympo is a data aggregator that also helps with a social cause towards better health. The applications of the big data analysis can help bring in a new wave of insight to lead a fitter and better life.
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