DYNO by DYNOSTICS – Live at Red Bull’s Worldwide Training and Health Facility

DYNO, the first blockchain based marketplace for user-driven sports and metabolic data is currently live at Red Bull’s performance center in Thalgau, Austria. The DYNOSTICS device was delivered to the facilities Director of Diagnostics and Training, Dr. Bernd Pansold, the doctor and advisor to professional athletes like Sebastien Vettel among other prominent athletes under the Red Bull banner.

DYNOSTICS the parent company of DYNO was launched in 2014 with a mission to improve global health. They designed and built the best-in-class health and fitness analysis device that provides feedback in a couple of minutes without the need for a medical professional. The device determines the user’s performance and metabolic data by analyzing the composition of gasses such as Nitrogen, Oxygen, Carbon dioxide released during respiration. The metabolic data is collected by a method called ‘spiroergometry’, and a pulse belt gathers performance data. The data sent from the various sensors is interpreted in real time by the DYNOSTICS mobile application and presented to the user in real time. After completing a short series of tests, the app gives users a plethora of information about how they process their food, their optimum pulse range to increase performance and burn fat, suggests diets and routines to best reach their fitness goals. The device is currently being used by thousands of customers globally, including CleverFit, and most recently Red Bull.

While developing the DYNOSTICS health analysis device, the creators realized that it was essential that the data collected from the devices were stored in a fair and secure manner. Distributed Ledger Technology opened the doors for DYNOSTICS to develop the first blockchain-based marketplace for sports and metabolic data.

The DYNO marketplace allows its users to sell their health and fitness data collected by the DYNOSTICS device to the platforms trusted partners, anonymously. Insurance companies, hospitals, research institutes, and other trusted partners can purchase the data from users using DYNO tokens based on ERC20. The data will enable precise research and studies in the field of healthcare and medicine. Users will also be encouraged to participate in ongoing studies, make adjustments to their lifestyles to fit the requirements for particular studies, and earn DYNO tokens in exchange for participating. A DYNO wallet eases payment and is integrated into the app suite and enables seamless transactions between users and data purchasers. The DYNO tokens can also be used in other online marketplaces or exchanged for other currencies.

The total number of DYNO tokens to enable trading between data owners and buyers is capped at 1,000,000,000 with no possibilities of minting new tokens. Out of the 1,000,000,000 tokens, only 550,000,000 tokens will be up for sale. Initially, 1 ETH token can be exchanged for 15,714 DYNO tokens with a hard cap of 35,000 ETH.

The post DYNO by DYNOSTICS – Live at Red Bull’s Worldwide Training and Health Facility appeared first on Bitcoin Garden.

Komentar

Posting Komentar

Postingan populer dari blog ini

Transformation of education in post-industrial society

Gambar
Education has always been an expensive privilege; and the education sector has always been one of the most conservative. People chose profession once in their life and did not change it until retirement. Usually education meant studying at a university; self-taught people were rare. However, in the post-industrial society changes in the shape, sense and affordability of education finally began. According to Alvin Toffler, a well-known US sociologist, the emergence of the post-industrial society is a consequence of the intellectual revolution. The possession of knowledge and information will replace financial capital as the biggest value. Development of innovations, empowered by the most educated, will become the most important sector of economy. It means that high-quality affordable education will become even more important than now. The last time when the global education experienced a serious transformation was at the very beginning of the 21st century when the wide access to the I...
Baca selengkapnya

Blockchain Supply Chain Forum will be held on January 10th in Hong Kong

Gambar
The concept of a blockchain – a distributed, tamper-proof and time-stamped database of transactions that can be managed without intermediaries – is highly attractive in the supply chain domain, and the industry has launched a number of proof-of-concept initiatives. However, awareness of how blockchains work and what they can accomplish for supply chain is still relatively low. The lack of knowledge is exacerbated by the fast pace at which the technology is evolving. A success Blockchain Supply Chain Forum was held on October 24th in Shanghai, professional blockchain organizer EventLinker and Global Supply Chain Council will organize the Blockchain Supply Chain Forum on January 10th in Hong Kong, it is the forum connecting blockchain experts, supply chain and logistics decision makers and tech innovators. This intimate gathering will explore how companies are investigating the use and deployment of the technology to help their supply chains in China. Organizer: EventLinker ...
Baca selengkapnya

After GDPR effect? In A Post Cookie World, Blockchain Is Rising

Gambar
The European General Data Protection Regulation (GDPR) was rolled out in May this year. It introduced far-reaching implications for companies which process personal data related to EU citizens. Even those far outside the EU could not fail to notice this change. Email inboxes were overflowing with opt-out reminders. Cookie banners now obscure many websites, forcing users to agree to a privacy policy so that they can browse the content on the site. Although the GDPR document itself clocks in at 88 pages, the majority of what it covers can be summed up in one word — consent. If companies are processing personal data, it must be done with the explicit, informed consent of the individual. For some forms of marketing, such as email subscriber lists, this involved minimal changes. Individuals already have to take the active step of providing their email addresses, and usually it is pretty clear why they are asked to do so. However, for the digital advertising industry, consent is far less ...
Baca selengkapnya