Značka: crypto tokens

Rewards4Earth plans to roll out crypto rewards to 1000 sports clubs in Australia

In a small coastal town just north of Brisbane, Queensland, 20 members of the Coolum Surf Club have been taking part in an initial trial of the Erth Point System, a crypto rewards platform from the Australian company Rewards4Earth.Doug Flockhart, former CEO of Clubs Queensland, the body for community clubs in the state, spoke to Cointelegraph about how his goal is to integrate the system through over 1,000 community clubs across Australia. Flockhart said the top professional rugby league competition, the National Rugby League (NRL) “are very keen” on the idea and for Flockhart, it “confirms the capacity of this system to deliver”. The top Australian rules football competition, the Australian Football League (AFL) has also expressed interest he added.The Coolum Surf Club is a small community surf club that’s part of an industry that’s been battling with waning revenues. It’s hoping the crypto-rewards platform will both help the planet and allow its members and the club to mutually benefit. Rewards4Earth works by having users create a wallet on an app and link their payment card to use in paying for goods at participating retailers. The incentive for users is cashback rewardsd with the Erth Points cryptocurrency based on a percentage of the amount they spend. Users can nominate their local club or non-profit to receive the same amount of rewards also.It’s early days yet with just 20 members chosen to trial the proof of concept. “Out of the 20 people that are using the app in the first fortnight, there was $106 generated in fees to go back to the club before we even had businesses signed up in the area,” he said. “That was just those 20 people going shopping at their local supermarket using the app and generating a revenue yield to the club.”Flockhart said that demonstrates that even a small increase in adoption of the Erth Point system by its 14,000 members would hugely increase its revenue.“If just 1,000 of their members nominated that club as their chosen beneficiary, the forecasting suggests it would deliver approximately $150,000 in revenue annually to the club just as a consequence of them going about their everyday shopping.”Businesses are incentivized to join through access to free marketing tools within the platform along with being able to cover their environmental, social and governance (ESG) obligations. They can also accept Erth Points as payment which, like other cryptocurrencies, can be traded on exchanges for fiat.He added the Erth Point system differs from others as members and the club itself typically only benefit from reward systems when patrons are within the club’s venue. Now the rewards become “more global and more community focused.”“They could be shopping at a participating retailer in New York and sending money as a consequence of that purchase back to a club here in Australia, in turn also helping to heal the planet.”Rewards4Earth uses the reward money to fund various environmental causes including plastic and ocean cleanup, endangered species preservation, reforestation initiatives and environmental lobbying.With enough adoption, Flockhart sees the foundation being well positioned to help with its mission.“13.2 million Australians are members of clubs, if just 15% of them or 2 million got involved, conservatively that could deliver $3 million a year in passive income to clubs, plus $300 million to the Rewards4Earth Foundation to do work in.”Adoption was a sticking point for the system given that equates to nearly half of Australia’s population and 50% of club members are 45 years old or older according Flockhart. A key learning from the initial trails suggests it’s “easy to onboard 25 to 40-year-olds”, but older demographics “will be the harder to get on board”.“We’ll provide the right resources for clubs to be able to provide induction to their members,” he said. “There’s a vested interest for clubs to do that by way of being the beneficiaries. I think that will expedite uptake rather than just waiting for it to happen.”

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5 year study: Can token rewards improve HIV patient outcomes in Africa?

A groundbreaking five-year study into whether crypto token incentives can improve health outcomes for patients with HIV/AIDS will be launched in Kenya by the end of the year.On Nov 1, the blockchain-powered healthcare ecosystem Immunify.Life and the Masinde Muliro University of Science and Technology (MMUST) announced they had secured the approval needed from an ethics committee and the national commission to launch the study.Together they will conduct a five-year study on HIV/AIDS starting before the end of 2021 in the Kakamega County region of Kenya, before extending throughout the rest of the country.The first major project of this collaboration is a groundbreaking study in #HIV/#AIDS to investigate the effectiveness of incentives and paperless tracking systems on HIV treatment adherence and treatment outcomes in low socio-economic settings in Kenya.— Immunify.Life (@ImmunifyLife) December 1, 2021MMUST will use Immunify.Life’s blockchain technology to collect and analyze patient data to help improve the outcomes of HIV treatments. It will evaluate whether patients have better treatment outcomes if they are incentivized with token rewards for health-positive behaviors identified by project sponsors like NGOs and government institutions. Immunify.Life CEO Guy Newing told Cointelegraph: “The program we are testing will offer token incentives to encourage lapsed patients to present at the clinic for their treatment.”Patients and doctors will be rewarded with Immunify.Life’s native ERC-20 IMM token. He added these could be offered for “completing a prescribed course of antibiotics for Tuberculosis,” and to incentivize, “HIV patient returning regularly to the clinic for their check-up and treatment.” Newing said that health care workers will also be rewarded for positive behaviors such as “correctly filling out consultation records, ordering a certain number of tests for Tuberculosis, or completing medical education.”Every patient who uses the platform is issued a nonfungible token (NFT) health ID that captures key medical data, like vaccination records. This data is then transferred to a digital registry to enable remote medical supervision and real-time data access for medical professionals. The study’s sample size is 600 patients. Half will receive the token incentivization, and the other half will act as controls and will not receive token rewards. The patients will be monitored over six months and will receive active treatment and monitoring on a monthly basis.The study will also track the efficacy of using paperless healthcare tracking systems in a low socio-economic area.Source: Immunify.LifeNewing said that, “Critical Medical data treatment data can be captured in real time, time stamped and secured; it can’t be hacked or changed.” The platform will initially use a second-layer solution on Ethereum using Polygon, with long-term plans to bridge to Cardano.Aside from the token rewards provided by sponsors, patients will also financially benefit from the sale of anonymized medical data. Immunify.Life is currently conducting a private round for Strategic and Institutional investors before its initial DEX offering (IDO) which is planned for early 2022. “Patients will be empowered to take control of their data and share in the financial rewards. The system is funded by fees charged to organizations who fund and deliver the healthcare.”In addition to work in HIV in Kenya, Immunify.Life is applying its blockchain technology in two other therapeutic areas, COVID-19 & Opioid addiction. Related: How Blockchain Will Revolutionize HealthcareKenya is home to around 1.5 million people with HIV according to the 2020 UNAIDS report. While 70% of these patients undergo treatment, there are present difficulties around tracking, access, program design, and data collection. Many people diagnosed with HIV are unable to continue with treatment. In some areas, the number of ‘lapsed’ patients can reach up to 40%, according to Immunify.Life. This includes pregnant women, who can pass on the virus to their child during birth.

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