All You Need to Know the Impact of Blockchain in Fitness Industry

 Let’s talk about a weird yet innovative combination- blockchain and the fitness industry. You may ask- how this technology that empowers cryptocurrencies can relate to the fitness sector? These days, blockchain technology has penetrated every industry sector, and the health & fitness sector is also no exception. Let’s dig deep into the role of blockchain in fitness industry. 

As more people become more health-conscious and want to stay fit by following a healthy way of living, we witness a surge in the activities of the fitness sector. 

Fitness app development companies can integrate innovative features into the app based on various emerging technologies like AI and AR. AI can bring transformation in fitness apps and the sector. 

Here we explain what blockchain technology can do in the sector from the perspective of a fitness app development company. Before we start, here are some interesting facts about the blockchain technology. 

Interesting Blockchain-based Facts

• 24% of companies expect to invest between 5-10 million USD in blockchain in 2021
• Over 20 countries have either adopted or researched the concept of cryptocurrency
• 74% of tech-savvy executives believe that there is huge business potential in blockchain
• By the end of 2024, it is expected that corporations will spend over $20 billion per year on blockchain

Big Benefits of Blockchain in Fitness Industry

Social distancing and indefinite lockdowns have shaken the world in this pandemic age. People are compelled to stay at home amid restricted outside movements and the fear of infection. 

This changed lifestyle has put regular visits to gyms or fitness clubs at a halt. In such a situation, there is a need for bringing digital transformation in fitness industry. 

Blockchain technology is implemented in the customized fitness apps for enhancing security and reliability with the benefits for users including-

Improved Data Privacy 

The blockchain app development company makes the fitness app hackproof. Thanks to this technology,  it is impossible to tamper with the user’s data. If the data is stored on a centralized system, it remains a soft target for hackers. 

Blockchain has encryption algorithms that have immutable structures to ensure complete data privacy and security. As this technology has a decentralized model, users can remain free from any worries related to hacking or theft.  

Original Source : Blockchain in Fitness Industry