Galvan, a leading health and wellness company in the Web3 space, today announced the launch of its blockchain dedicated to health and wellness.
The “Galvan Blockchain” is a layer-2 of Ethereum and is governed by Galvan node owners, who facilitate rewards distribution and voting proposals. Prior to its launch, over 1,200 node owners in 30 countries participated in node network testing—laying the groundwork to become the global blockchain for health transactions. “Our mission is to improve the health and well-being of people around the world,” says Galvan CEO Adam Sharp. “We believe blockchain technology is a powerful tool for achieving this goal, and we are excited to lead the way in this space.”
Rewards for Healthy Actions
The Galvan Blockchain will power a unique digital-reward economy for the Galvan Wellness App. The app will use proven methods that encourage healthy-decision making, empowering users to track their wellness and earn “IZE” rewards from the blockchain with their friends and family.
One of the first action points that will be rewarded is exercise. According to the US Department of Health and Human Services, just 150 minutes per week of moderate-intensity exercise has major health benefits. App subscribers who own and operate nodes will be able to connect to popular fitness devices, track their elevated heart rate, and earn rewards from the blockchain when these recommendations are met.
The rewards will then be spendable in a wellness marketplace and transferable to the Ethereum Blockchain. The app is currently in private beta and is expected to release early 2023.
The information contained in this article is for educational and informational purposes only and is not intended as a health advice. We would ask you to consult a qualified professional or medical expert to gain additional knowledge before you choose to consume any product or perform any exercise.