Is the way forward for wellness expertise right here? A brand new Solana-based wellness wearable is taking well being information on-chain, permitting customers to personal and monetize their information.
The Cudis ring, developed by BeatBit Wellness Lab, is being touted as a Web3 various to the favored Oura ring that has not too long ago taken the well being and wellness trade by storm.
It makes use of decentralized bodily infrastructure community (DePIN) expertise and permits customers to monetize their anonymized well being information and feed it again into the ecosystem for extra knowledgeable customized well being insights.
Wellness information is encrypted and anonymously saved on the InterPlanetary File System (IPFS) after indexing on the Solana blockchain. This anonymized information fuels the event of customizable synthetic intelligence (AI) modules that generate customized insights into customers’ psychological and bodily well-being.
Cudis CEO Edison Chen informed Cointelegraph that the objective of the Web3 wearable is to deal with customers first.
“Conventional good ring corporations function on a centralized mannequin the place they acquire and retailer customers’ well being information on their servers and analyze it to offer private well being insights by means of an app,” he defined. “Probably, they monetize the information with out sharing monetary advantages with the customers.”
“We’re empowering people to take management of their very own well being information.”
Associated: How DePINs are connecting farmers and companies by way of blockchain
He mentioned the ring tracks customers’ coronary heart fee, sleep, stress, pressure and burned energy. To start with, factors will likely be given as rewards for information, which is able to later develop into monetizable tokens.
Chen mentioned that customers searching for extra superior insights and customized packages are sometimes compelled to pay further charges for wellness functions. Nevertheless, “blockchain expertise affords the right answer” to revolutionize that mannequin.
In response to the official announcement for the wearable, it has already had 200 individuals at an occasion on the Solana Hacker Home and anticipates the primary 10,000 rings to roll out within the second quarter of 2024.
DePINs proceed gaining traction within the Web3 area, with new use instances quickly rising.
Earlier in 2024, decentralized finance executives had been predicting that DePINs and AI collectively could be a “energy duo” that might take the area by storm.
DePINs are already getting used to revolutionize web entry in India, climate information assortment worldwide and farmers’ reference to customers.
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