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About StepChain
StepChain is a revolutionary, responsible fitness app! A B2B2C and B2B Freemium Application by way of subscription. Like many other health and fitness applications, StepChain counts your steps but most importantly, rewards users based on the data extracted from the pedometer and phone accelerometer that matches your steps. Thanks to our app, steps can be exchanged for goods and services from the fitness and sport industry with specific discounts and can also be used to make charitable donations.
On StepChain, people of any fitness level can use the app to compete and receive valuable rewards. StepChain allows its users to compete and challenge with friends in real time, thereby creating a sustainable and social fitness community.
Gamification is a great example of how technology can motivate people into action. People are 10 times more likely to engage with a reward or prize. More than 30% of adults are overweight, one third of children are obese and for most of them, it is due to physical inactivity which is directly linked to lack of motivation. So, we have found a way to motivate them to stay active by being rewarded. According to the World Health Organization (WHO), obesity has tripled since the 1970s, and this epidemic costs 2 trillion USD a year to the world’s economy or 2.5% of the global GDP. Obesity in children is one of the most public health problems of the 21st century.
Through the use of the Ethereum blockchain platform, StepChain creates a cryptocurrency in the fitness and wellness community that will be used to rewards users with tokens once they achieve certain milestones. The main crypto element is a token reward system/loyalty system, which will transform your physical efforts into cryptocurrency and a token economy around a prize pool and more. This whole business is pegged to making movement valuable, the concept is similar to cryptocurrency mining, but in this instance, you’re mining whenever you’re walking around.
The adoption of blockchain technology in many industries is an indication of the potential that the technology has to improve multiple sectors. StepChain has a "two-step" solution: enabling adherence to fitness through gamification and enabling users to earn redeemable points while being fit and healthy.