A Web3 competitor to the popular Oura wellness ring is making personalized health insights and AI coaching possible through user-owned, monetizable data.
The Cudis ring, developed by BeatBit Wellness Lab, is being touted as a Web3 alternative to the popular Oura ring that has recently taken the health and wellness industry by storm. Wellness data is encrypted and anonymously stored on the InterPlanetary File System after indexing on the Solana blockchain. This anonymized data fuels the development of customizable artificial intelligence modules that generate personalized insights into users’ mental and physical well-being.
“Traditional smart ring companies operate on a centralized model where they collect and store users’ health data on their servers and analyze it to provide personal health insights through an app,” he explained. “Potentially, they monetize the data without sharing financial benefits with the users.”He said the ring tracks users’ heart rate, sleep, stress, strain and burned calories. In the beginning, points will be given as rewards for data, which will later become monetizable tokens.