Blockchain is a public record of transactions. It’s also distributed, so instead of one person controlling everything, there are thousands of computers around the world connected to a network, and these thousands of computers together come to an agreement on which transactions are valid.
Whenever someone makes a transaction, it is broadcasted to the network, and the computers run complex algorithms to determine if the transaction is valid. If it is, they add it to the record of transactions, linking it to the previous transaction. This chain of linked transactions is known as the blockchain. Since the transactions all reference the one before them, you can figure out which ones came first, thus ordering them.
Now let’s get started to know about BolttCoin
BolttCoin (Motivation to Improve Societal health)
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.
Check out Our Official Website for detail https://bolttcoin.io/