The utilization of mobile health applications and wearables is increasing continuously. Over 52% of the Smartphone users collect information related to health from their mobile phones. However, the information that they receive cannot get aggregated.
This is majorly because of the lack of interconnection between the existing data. It is not possible for the industry to unlock its full potential in order to benefit the players in the market. The increase in mobile health applications still hasn’t made use of crypto-technology that is empowering people nowadays.
The ecosystem of Lympo can resolve this issue. The user reward mechanism and electronic fitness wallet of Lympo are the main part of the Lympo ecosystem. The wallet enables people to enter into the ecosystem. Additionally, it enables users to receive rewards in the form of LYM tokens for the achievements they get because of their healthy style of living.
Plus, these tokens can be used to buy services as well as goods in the marketplace from the current platform that unites over 500 professionals of fitness. Later, they are thinking of expanding the network of health and wellness of goods as well as service providers. The LYM tokens are going to be used for crowdfunding the Lympo platform.
The virtual market of health is increasing in number as well as in market size. The extensive use of the mobile health applications still did not deliver the promise of virtual technology, which empowers people and leads to better health care. It has 3 crucial shortages, i.e., mobile health applications don’t integrate with one another, they do not own the quantified self, and the confined flow of information because of which wellness and health market lack linkage.
The market of mobile health is segmented. Many of the applications concentrate only on one particular area where every provider receives specific data; therefore it lacks the complete picture. Although there are various aggregators that enable integration, users are not ready to connect their variables as well as applications to them as it does not give them any advantage to keeping their data in one single place. Therefore, the information remains restricted to sharing of information on social media.
Additionally, there are a number of concerns, which state that privacy is a major concern for mobile health users. There are many sound companies, which offer integrated information, like Google, Apple, or Microsoft. These companies own information of a lot of users but they do not provide the inspiration that is required to collect sensitive information about health in a single place.
The report provided by Human Data Commons in the year 2017 stated that big companies that have the ability to integrate information are weak when it comes to providing direct contact with the customers. These are some of the problems that stop users from generating all their information in one place. If you want to get more information about this firm, then you can visit Lymo’s Telegram page.