HealthBlocks Enables You to Take Control of Your Health Data and Earn Rewards

For a while now, the world's finance has been experiencing paradigm shifts with the introduction of technological advancements and concepts. With the increasing embrace of blockchain technology and capabilities revolutionizing a wide range of sectors and industries, the evolving future of world finance can only get healthier with DApps like HealthBlocks.

The healthcare industry, like others, massively benefits from this blockchain technology and has been leveraging blockchain technology to encourage better living outside of hospital walls. Many health enterprises, including health applications, have gathered health data for one reason or another.

In the middle of this, over 300,000 health applications claim to assist with a variety of personal health difficulties. This later features the introduction of wearable devices (small electronic devices that may be worn on and off the body, as well as incorporated into clothing and other body-wear accessories) that redefines assessment of health behaviors.

Wearables promising a new digital experience are still known to feature some challenges. Here comes HealthBlocks that imagines a cutting-edge digital health approach for wearable users and bringing data collection to a new level.

Defining HealthBlocks

HealthBlocks is a go-to platform for storing, exchanging, and equitably compensating users' health data in a privacy-preserving manner. It introduces a seamless approach to data generation, collection and distribution by connecting wearable users to the unfolding web 3.0. HealthBlocks is dedicated to providing actual healthcare that encourages people to live a healthy lifestyle while also providing help when needed. 

Users on this ecosystem can utilize their data for personal reasons, such as improving their health, or they can opt to share it with third parties. Health organizations and insurance firms are among those who are interested in using these data to better health solutions and goods. 

Users would have to use HealthBlocks-compatible wearables to transfer the generated data. These HealthBlocks devices record verifiable real-world data that the user owns directly. In addition, Healthblocks is able to maintain users' data privacy (which is not found with other existing devices) thanks to blockchain technology. 

Healthblocks discovered that about 325 million people use a wearable on a daily basis, and 54 % choose wearables that reward them with money if they meet a specified target, such as 10,000 steps. This means that HealthBlocks can link more than 175 million wearable users throughout the world to the web 3.0.

HealthBlocks data ownership & privacy approach backed by IoTeX blockchain

Most provided data is recruited by enterprises, huge firms, developers, and others for personal gain and development projects, as is common practice. Some of this valuable information could be transmitted through an unsecure source, potentially exposing personal data. Users can trust HealthBlocks to keep their health data private and secure.

Users can now choose whether or not to share a specific set of health data. With blockchain capabilities, this data is entirely secure. Among the top blockchains, HealthBlocks has chosen IoTeX as the best option for preserving users' data ownership and privacy.

Your unique health profile, which contains all of your health information, is saved in a decentralized identity (DID) on the IoTeX blockchain. The user's profile generates and updates data, and they then have the option of sharing or keeping it private. IoTeX is a popular blockchain with excellent scalability and cheap transaction costs. With the blockchain, HealthBlocks envisions a market in which people have ultimate control over their data thanks to trusted hardware devices like IoTeX's Pebble and Ucam.

HealthBlocks & the X-to-Earn ward model 

With the success of the Play-to-Earn (P2E) gaming business, the X-to-Earn (X2E) model must have been apparent. The X2E model, which differs from the P2E model, has been used in a variety of ways, depending on the activity that the reward is based on. Nonetheless, it remains a viable approach for improving user experience across a variety of platforms. Receiving rewards for doing day-to-day is entertaining, but also improves the financial situation of users.

Receiving rewards for doing day-to-day is entertaining, but also improves the financial situation of users.

Following this model of receiving rewards is the Move-to-Earn (M2E) model. This model has been around for a while and has established clear trends. The M2E paradigm is used in many health-related initiatives, such as fitness apps. As a result, there is a requirement for an inventive adjustment in addition to awarding based on steps/min.

Incorporating this existing culture, HealthBlocks recognized that this is a method for resolving the challenges of living longer and healthier lives from both a wellness and financial standpoint. The Health-to-Earn (H2E) model, which is an update to the existing M2E models, is introduced by HealthBlocks. Your steps/minutes are important, but there is more that can be done to live a healthier life. 

The HealthBlocks ecosystem solution, which is aimed to develop a digital infrastructure for preventative health, is based on this viewpoint. Who doesn't like money? And earning crypto by doing the basic everyday activities? Even better! No one else has adopted the model of helping you improve your health and life, incorporating all your wearables and routines, while managing to reward you for all of it.

HealthBlocks enables extra health-related data to be included in the H2E model, such as sleep, mental health, food, and so on. Users may now anticipate to generate more income thanks to the numerous types of data that will be offered in addition to step counts. 

Every user of the Dapp gets an opportunity to mine the HealthBlocks utility and governance tokens (HEALTH) for a healthy lifestyle. The requirements for mining are:

• 10,000 steps per day;
• 1.750 calorie expenditure;
• completion of the health questionnaire (4 questions about your self perceived health). 

In the future, when more criteria are added, users will be rewarded more for completing them. Remember that the HealthBlocks ecosystem isn't only about your pocketbook; it's also about your overall health. The HEALTH tokens can be used to access digital services like telemedicine and mental coaching, among other things.

In the future, when more criteria are added, users will be rewarded more for completing them. Remember that the HealthBlocks ecosystem isn't only about your pocketbook; it's also about your overall health. The HEALTH tokens can be used to access digital services like telemedicine and mental coaching, among other things.

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In the future, when more criteria are added, users will be rewarded more for completing them. Remember that the HealthBlocks ecosystem isn't only about your pocketbook; it's also about your overall health. The HEALTH tokens can be used to access digital services like telemedicine and mental coaching, among other things.

As a result, digital health services will be available to a greater number of people who might otherwise be unable to afford preventative health measures. For users, this approach showcases keeping a healthy lifestyle brings you to unlock more Health tokens utilities and healthy financial wallet.

By integrating users' health data with organizations, insurance companies, and other entities that seek to use the data to improve health solutions or for other non-health-related goals, HealthBlocks puts the new age to users' expanding point of contact. This is a crucial strategy for bringing HealthBlocks' overarching objective of encouraging healthier lifestyles on a worldwide scale to fulfillment. HealthBlocks hopes to achieve a significant increase in human lifetime as a result of this.

Check out more about HealthBlocks through their site and blog.