About BOLTT
Founded in 2015, Boltt is
an end-to-end tech solution provider that improves users’ health by
incentivizing them with reward tokens, leveraging blockchain and health
gamification. Today, Boltt is considered one of the leading Mobile Health Tech
Companies in the field of wearable tech & gamified health apps.
Boltt initially developed
a mobile app to track health and fitness and then, a range of fitness wearables
including smart fitness trackers & advanced sensors covering all the
aspects of one’s health from activity, sleep to nutrition and fitness. Later,
Boltt started its research and development into launching the social health and
fitness gamification platform known as Boltt Platform that makes use of AI to
provide health-based coaching with exciting gamified challenges.
Boltt has bagged many
prestigious awards including the Frost & Sullivan Companies to Action
Award 2017 in the wearable technology category and has been featured in top
media & press publications. It has showcased its solution across reputed
tech platforms like Tech Crunch and CES.
Social
Health Gamification Platform
Boltt is now launching a
Social Health Gamification Platform, which rewards users with a crypto currency
called BolttCoins based on the users’ physical activity or health data.
BolttCoins can be used to purchase goods and services across a large partner
ecosystem. They can also be used as a tool of engagement and loyalty and
can be linked to existing loyalty programs of retailers, brands, and service
providers. In addition, BolttCoins can be offered in the form of policy
discounts by health insurance companies.
All transactions in the
Boltt ecosystem happen on the BLOCKCHAIN via the distributed ledger technology
and are completely safe, secure, and transparent. Boltt captures health and
activity data of the users by the inbuilt mobile phone sensors via the Boltt
App or via Boltt Fitness Trackers & Wearables that synchronize with the App
via BLE technology.
Boltt has already
invested over US$ 3 Mn in research and development with the funds raised from
well-known tech angel investors.
Technology
Boltt will make use of blockchain technology based on
a dual blockchain protocol to record the individual health records,
marketplace, exchange, and wallet transactions. In addition, it utilizes
several other technologies to develop the mobile app, business logic and admin
backbends ensuring the speed, security, and mass adoption. It also provides
APIs for other systems & features to easily communicate with the Boltt
Ecosystem.
The BolttCoin will be one of the first crypto Token to
be simultaneously issued on the Waves platform and the Ethereum platform. Using
a cool new technology comprised of a web interface, locked wallets and
smartcontracts on the Ethereum side, Boltt Tokens will be dynamically
interchangeable from one blockchain to another as the end user wishes.
Revenue
Model
The Boltt ecosystem has multiple revenue streams. It
follows a subscription model for end users with a nominal monthly subscription
fee. Corporates and others who hold social challenges and gamification are
charged a maintenance fee. In addition, a commission on marketplace
transactions based on the value is levied. In addition, the platform is open
for advertising and sponsored contents, which take a CPM revenue model.
Token
Sale
Boltt aims to raise US$ 50 million for marketing,
development and the implementation of Boltt platform. The total supply of
Tokens is 1 Billion of which 50% will be on offer on the crowd sale at a price
0.1$ per Token.
Mobile
Health Market
Global health-related
apps market, often known as mHealth market was valued at US$ 25.4 Bn in 2017
and it is expected to reach US$ 58.8 Bn by 2020[1]. mHealth apps can offer a
broad range of services relating to fitness, lifestyle management, nutrition
& diet, women’s health, medication adherence, disease management, etc.
Increasing adoption of smart and wearable healthcare devices is expected to
have a strong positive impact on the market. In addition, physicians are
increasingly recommending the use of mHealth apps that will also have a
significant impact on the same. However, the existing solutions in the market
are not engaging enough. People are not motivated to use the existing products
& services. That is where Boltt’s Health Reward engine comes into play.
When people will be rewarded for staying healthy, fitness will become more
exciting!
Mobile
gaming market
Valued
at US$ 46 Bn and expected to reach US$ 65 Bn by 2020 at a CAGR of 6.2%
Mobile gaming refers to
playing computer games on mobile devices. Usage of mobile devices to has
already surpassed usage of desktop devices and mobile gaming is expected to
grow further. Gamification is a key concept of Boltt platform and it can be
considered a mobile game for anyone to play and improve their health. Boltt has
introduced a whole new layer of gamification to health. Fun Health Based
challenges & League tournaments will ensure massive community and social
participation.
M-Commerce
Market
Mobile
commerce market was valued at US$ 288Bn in 2017 and it is expected to reach US$
693Bn by 2019 indicating an unprecedented growth rate12.
Boltt’s decentralized
marketplace comes under mobile commerce. It can be a direct competitor to major
marketplace apps like eBay and Amazon apps.
Mobile
payments market
Valued
at US$ 780 Bn in 2017 and expected to reach one US$ 01 Trillion by 2019 at a
CAGR of 10%
Mass adoption of mobile
devices has paved way for a strong growth of mobile payments and platforms.
Most global e-commerce retailers such as eBay and Amazon offer dedicated mobile
apps and most brick-and-mortar retail chains are starting to offer the same
functionality.
Boltt’s blockchain based
mobile payment system can make a significant presence on the mobile payment
market.
Mobile
wallet market
Valued
at US$ 594 Bn in 2016 and expected to reach US$ 3,142 Bn by 2022 at a CAGR of
32%
A mobile wallet enables storing of payment
method information such as credit card, debit card, or bank account on a mobile
device and using them to make purchases via the mobile device without carrying
plastic cards. Boltt provides a crypto
wallet that can hold not only BolttCoins but also other crypto currencies as
well as fiat currencies.
Loyalty
management market
Valued
at US$ 2.16 Bn in 2017, expected to reach US$ 6.8Bn by 2023 at a CAGR of 21.13%
Loyalty management
involves rewarding regular customers. The objective of loyalty management is
simply retaining the customers for regular sales. It can incorporate a wide
array of methods such as discount mailing and loyalty cards. Boltt can disrupt the current loyalty
management ecosystems with its revolutionary approach to provide loyalty
rewards.
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