BOLTTCOIN
Market
Opportunity
By gearing towards a
decentralised Health, Retail, & Financial Ecosystem, Boltt is effectively
attacking a huge potential demand.
The addressable market
overlaps between Mobile Health, Gaming, Ecommerce, Payments and Loyalty.
Boltt uses
Blockchain to revolutionalize these industries and is thus catering to a 1.3
Trillion Dollar market opportunity.
Why
Blockchain
By utilizing shared
ledgers, smart contracts and cryptographic encryption, Boltt is able to
eliminate the intermediaries throughout its ecosystem while ensuring trust,
security, transparency, immutability, and auditability across the value chain.
Boltt's
Auditable Health Rewards are based on Trust & Transparency:
·
Boltt's Health Reward Engine are based on
a Smart Contract
·
This offers complete transparency in the
process of token generation
·
It is audit-able and hack proof
·
Any manipulative actions (faking steps
etc.) can be easily traceable and virtually impossible to hide or forge
Hosting
Decentralised Fitness Challenges without a middleman:
·
All Boltt platform challenges, tournaments
and games are recorded on the Blockchain
·
The Ethereum Blockchain supports decentralized
tournament creation and distribution of the winning with smart contracts
·
Players are able participate without being
dependent on host decisions, financial regulations, and middleman controls.
·
Boltt challenges aim to eliminate the need
to trust hosts running centralized platforms.
Boltt's
unique Health ID ensures Data Privacy & Security:
·
The Health ID uses Blockchain to keep all
the health identification data of the users safe.
·
Blockchai embeds rules via smart contracts
to control access to sensitive health data.
·
Users can specify who should be given
access to such data.
·
All the transactions are logged on the
blockchain ensuring that user history is kept private, verifiable, and
destructible on demand
Data
immutability on the Marketplace:
·
The Boltt Decentralized Marketplace rests
upon many fundamental pillars of the blockchain.
·
One of the most important one is the
safety and security.
·
All confirmed transactions on the Boltt
marketplace are not able to be changed without the consensus of the network
·
As long as the blockchain is operative,
the data on it is always accessible.
Cost-effectiveness
for Ecommerce Transactions:
·
The P2P nature of the blockchain does away
with the need for any intermediaries to facilitate transactions.
·
Transaction cost on the Boltt platform is
even less than 0.1% of the transaction value, which is significantly lower
compared to centralized payment methods such as PayPal or credit cards.
·
Overall, within the Boltt shop, there are
automated triggers and processes
·
Smart contracts provide the foundation for
digitization and automation for business processes.
BOLTT
HEALTH REWARD ENGINE :
no
computing power required!
Boltt enables earning
BolttCoins for simply taking steps including running, jogging or walking
outside or using a treadmill. Earned BolttCoins can be used to make purchases
at the Boltt marketplace or could simply be traded into other crypto currencies
or fiat currencies. Boltt’s platform is seamlessly connected to Boltt
wearables. Additionally, it allows integration with the most of smart
accessories and apps for sports and health and activity tracking such as
Fitbit, Google Fit, Apple Watch, Apple Health Kit, etc.
Data
collection process
The steps data of the
user can be collected via the Boltt Fitness Trackers or via the Phone’s inbuilt
sensors and accelerometers. If the user has a device, he/she can just connect
to the App via Bluetooth. The steps are tracked automatically through the day,
with details by the hour.
Data
verification & security
Boltt uses an AI based
step-counting algorithm to detect & authenticate data. The Boltt step
algorithm is in place to ensure that all BolttCoins are earned through hard
work and movement. If it was not this way, users could potentially cheat the
system by doing things like shaking their phone or using the App in a car etc.
Boltt algorithm checks and verifies data against all checkpoints to ensure
there are no cases of cheating. E.g. If the data matches a known pattern of
cheating like shaking the phone up & down to mimic steps, the values will
not be counted. This is a proprietary algorithm that uses certain operations at
the Boltt Backend to ensure all captured data is completely authentic
Going
beyond steps
Boltt has initially based
the Health Reward Engine & BolttCoin payout only on basis Steps. In the
near future, Boltt plans to include other health parameters such as activity,
fitness, sleep, nutrition, vital stats, medical records, genetic tests &
user past health history. Boltt uses all these data values to make a unique
Health Score. Health Score is an All in One tangible measure of one’s health.
Each data value in these sections result in the improvement of the Health
Score. It is calculated on a scale of 1-100. The higher the Health Score,
higher the reward payout. This symbolizes the importance of holistic health
advancement. It incentivizes users to improve all aspects of their health and
lifestyle. The Boltt Health Score is a Patent Pending technology that is an
accurate measurement of one’s personal health, soon to be accepted globally by
leading health institutions & insurance companies.
Smart
contracts
The logic and algorithms
governing the Boltt health reward engine & gratification are to be executed
via smart contracts and will be completely decentralized, ensuring highest
standards of data security.
Address Ethereum : 0xAE18710541a08b252C0f4d5D99aE420b43eB4cac
Komentar
Posting Komentar