Monetizing sports & health data via blockchain
ICO dates
Start date: 2018-02-17
End date: 2018-02-28
Registrated in: Estonia
Platform: Ethereum
Type: ERC20
PREMIUM ICO
Video
KYC passing required Yes |
Whitelist No |
Restriction for countries
USA, China
Tokens for sale | 650,000,000 |
Token distribution in ICO |
Price | 1 ETH = 40,000 LYM |
Price in PreICO | 1 ETH = 60,000 LYM |
Acceppting | ETH |
Lympo search trends in Google
TABLE OF CONTENTS
ABSTRACT
3
CHALLENGES OF THE MOBILE HEALTH DATA INDUSTRY
4
OWNERSHIP
5
INTEGRATION
6
FREE DATA FLOW
7
THE HEALTH INDUSTRY AND THE BLOCKCHAIN
8
LYMPO: ECOSYSTEM POWERED BY USER-GENERATED DATA
11
LYMPO WALLET AND USER REWARD MECHANISM
12
LYMPO MARKETPLACE: MONETIZING DATA
14
LYMPO CROWDFUNDING PLATFORM
14
ROADMAP
16
LYMPO: USER REWARD SOLUTION DESCRIPTION
18
SECURITY MEASURES
23
LYMPO (LYM) TOKEN SALE
25
TEAM
27
...
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 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 toke...
CHALLENGES OF THE MOBILE HEALTH DATA
INDUSTRY
The digital health market is exploding both in number of new companies and with the expected
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 newer 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 was 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, among which fitness has a strong
leadership position with 36% of the total apps. Top categories also include weight loss, exercise,
women’s hea...
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 extensive use of mHealth apps have not yet
deliver 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.
MAJOR INDUSTRY SHORTAGES
OWNERSHIP
In 2011, the World Economic Forum announced personal data to be a new asset class. Among
all data classes, health related data is one of the most valued and expensive assets. However, it
turns out that our personal data is not our personal asset.
The quantified self is a term denoting “self-knowledge through self-tracking”. While it might
have been a voluntary movement back in 20075, nowadays we are all voluntarily or
in...
Furthermore, CVDs are the number one cause of death globally: more people die annually from
CVDs than from any other cause. The World Health Organisation (WHO) estimates that 17.7
million people died from CVDs in 2015, representing 31% of all global deaths. At the same time,
WHO stresses that “most cardiovascular diseases can be prevented by addressing behavioural
risk factors such as tobacco use, unhealthy diet and obesity, physical inactivity and harmful use
of alcohol”
8
.
Thus, incentivizing healthy behaviour is one of the crucial challenges for health innovations. At
Lympo, we believe that part of the answer is allowing users to own the data they generate.
Lympo presents a health/fitness app data aggregator that does not share users’ data, but
enables them to monetize it instead.
TO SUM UP:
We are not the owners of one of the most valuable assets we have, our health-related data,
although we constantly gather this data voluntarily or involuntarily.
INTEGRATION
<...
TO SUM UP:
Market segmentation and lack of incentive for mHealth apps’ integration prevents users from
having an overall picture of all their activities or further reaping key benefits of the data they
generate.
FREE DATA FLOW
In the world of data economy, users produce valuable data with literally every step they make.
However, because it remains stored with a single provider, every ecosystem player is
participating in the race to come up with a better mechanism to lock a user within one
platform. For this reason, market players become discouraged to o er integration and data
sharing mechanisms.
The second factor contributing to this situation are data protection laws that, for good reasons,
prevent companies from freely sharing users’ personal data not only with other businesses, but
also within the company itself if its operations are across, for example, EU-U.S. borders.
Allowing private ownership of sports and health data opens the doors to user-controlled data
sharing where...
THE HEALTH INDUSTRY AND THE
BLOCKCHAIN
HOW CAN BLOCKCHAIN 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 st...
In addition, further data users will be able to demonstrate that the data owner gave her
permission for the use of this data. With data protection regulations tightening around the
world, this feature will enable third parties to give solid proof on data provenance on the
blockchain.
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)
MARKETS
GOVERMENT
& LEGAL
Currency Payments
& Remittance
Banking & Finance
Clearing &
Settlement
Insurance
FinTech
Trading & Derivatives
QA & Internal Audit
Crowfunding
Transmitional orgs
Personalized
governance services
Voting, propositions
P2P bond...
Lympo Roadmap
December 2016
Start of the Lympo platform development. Angel investment received.
May 2017
Start of the preparation for the ICO.
September 2017
Lympo platform MVP launched www.lympo.lt (no blockchain solutions yet).
November 2017
First partnerships for the future Lympo ecosystem.
December 2017
Lympo pre-ICO.
February 2018
Launch of the Lympo fitness wallet proof of concept.
Lympo ICO.
Lympo ICO.
Quarter 2, 2018
Lympo fitness wallet full BETA release.
Quarter 3, 2018
Lympo fitness wallet integrated with the first Lympo ecosystem partners.
Quarter 1, 2019
Start monetising Lympo tokens partnering with employers and health insurances.
Quarter 2, 2019
Open API for further data solutions by third parties launched.
Quarter 3, 2019
First partnerships with research institutions on fitness data use.
2020
Launch of the full two-sided marketplace for fitness data.
Chief Software Architect
Managing Director & CEO ASTA
Chief Blockchain Security
CTO & Smart Contract Developer
CFO
Solutions Architect - Blockchain ASTA
COO