How Blockchain Technology is Making the Gym Industry More Fit?
Bitcoin? Ether? and whatnot in your mind when you hear blockchain technology, you might be surprised, "What does this cryptographic money stuff have to do with the gym business and fitness club?" Well, it turns out that robust technology behind these new things is beneficial for many industries, including fitness.
Technology is hitting the gym business as hard as some other business vertical. According to the Forbes report, blockchain technology is on the verge of changing the fitness industry. How? Let’s check.
Well, you don't actually need to have a deep understanding of blockchain so as to have the option to utilize it to your potential benefit. However, understanding some basic features can assist with giving you enough information to put you in front of your competition as well as make some strides into new areas.
So, what is blockchain technology?
Block Geeks defines blockchain in the most simple way,
“Picture a spreadsheet that is duplicated thousands of times across a network of computers. Then, imagine that this network is designed to regularly update this, spreadsheet and you have a basic understanding of the blockchain.”
Basically, a blockchain is a database that continually updates and is effectively shared between devices. The blockchain isn't kept on one single PC or stored at a single place; rather it's continually open to the public, implying that there's no single point for a hacker to alter or corrupt. It is constantly housed by tons of PCs all at the same time, making it effectively accessible to everyone and any individual who's associated with the Internet. The way that it's continually running across various PCs implies that it can't be controlled by one single individual or device, nor is there one point where it can fail.
This how blockchain technology works:
How blockchain technology is helpful to the gym business?
When you do a Google search for the health and fitness industry, you'll get a wide range of links relating to wearables, applications, and trackers. As you would already be able to see, blockchain is slightly different.
In the gym business, blockchain is incredibly new, however, there are now increasingly more applications and software being made that use blockchain as it's simpler to monitor and analyze information.
However, with regards to gyms, there are a large host of advantages that owners can get from utilizing this technology. All transactions and agreements can be more transparent and less confusing, making relationships more safe, secure, and reliable. As the currency grows, more people will request to pay or be paid in bitcoin also. It is not in high demand currently, but it could be around the corner.
The gym industry is not new, yet it's still rapidly increasing its interest in blockchain technology. Because of this, if you can't stay aware of upgraded and new technology, then you'll end up falling behind. In the end, the fitness business is about business, and if you're not upgrading like others, you'll be in the long run falter and fail.
FIT token is the world's first platform that utilizes blockchain technology and runs on the Ethereal system. It's basically a decentralized way for individuals to purchase memberships and order things through mobile applications or the web, helping to build a more accessible environment for customers.
Forbes stated that in 2016, 54% of the 18-34 age group preferred buying things online in three months, implying that more cash is being traded online than in person. Along these lines, there's less clutter and traffic in the gym, and staff can be utilized more effectively to assist members in the gym instead of processing offline transactions.
Different online blockchain platforms are currently offering rewards for utilizing their services. In case you're utilizing their blockchain and after completing certain workouts specified by them, you can be rewarded with tokens. Thus, people will be more interested in utilizing your services.
How blockchain is helpful to customers?
Possibly you're not an entrepreneur and are thinking about how this can profit you as a customer. Well, in-person training at home can be difficult for schedule and timing, so smoother online training in terms of communication and payments through blockchain makes a healthy lifestyle more efficient.
In addition, a few people don't like the gym environment. They would prefer not to interact with others or have awkward discussions with gym staff. Making the online environment with easier payment processing and quicker ordering will make a healthy home environment easier.
There's additionally nothing worse than a confusing contract where you discover you're locked in more than you wanted. As blockchain makes online agreements more transparent, clients can be sure about their memberships and payments.
Rather than paying for the gym services in person, customers will access the blockchain which can give them similar benefits without going out. Everything's public and everything's open. Coaches and organizations can transfer their tips, programs, and other content to the blockchain which customers would then be able to download right to their home PC securely and safely.
It's additionally important to take note of that if organizations and mentors profit by utilizing the blockchain, it will motivate them to provide better services to their customers. Considering all things, blockchain is opening the door for online business, and the fitness industry is something that could obviously determine a lot of advantages. Online currencies and blockchain platforms are not a big thing right now, yet it's in no way, it seems to be a booming technology in the future. Keep your eye on this emerging technology to make sure that you keep upgrading and don't fall behind in the dust.
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