Epillo Health Systems, soon to launch their first range of blockchain-based IoT smart wearables, have already taken a grand entry in the blockchain technology sector by launching their whitepaper at Crypto Expo Dubai 2022 on 5th October. Before being a part of the blockchain industry, Epillo group ventured in the healthcare sector with 3 brands under them; INTRx™ (Technology with WIPO Gazetted Patent on Drug-Food Interaction Management), Freshwey™ (Health-Food), and HealthHUB™ (Retail Health & Medicine).
Aasif Shah, the CEO & Co-founder of Epillo Health Systems, while briefly explaining the vision for his 4th and the most important project- FitMint Wear, says:
“In the era of Web 2.0, where even a smart oven can be hacked to spy on someone, people are quite concerned about their privacy. Our goal is not to hand our customer just another smartwatch, as the market is already flooded with many, but to deliver them utmost privacy, health data security, and a key to explore the wonders of Web 3.0 in a smart wearable.”
FitMint Wear is a groundbreaking smartwatch that uses blockchain technology to pave the way for the Web 3.0 era. According to its Whitepaper, some of the features that FitMint Wear PRO is introducing include a brand new marketplace for healthcare products and NFTs, Crypto Staking, Health data on chain, Peer-to-peer Health data sharing, Crypto Wallet, Crypto Swapping, and NFT Gaming.
While the features of the smartwatch paint a futuristic picture of the product, which could be taken for a new niche in smart wearables, Mr. Areeb Ahmad, a member of the Founding Team of the Company and the Global Head of Blockchain & Strategy, begs to differ.
He says “We are not creating a new sort of smart wearable, but simply presenting the existing health based features in a more improved manner with more accuracy, while adding certain innovative features that we believe is the need of the hour.”
While democratizing the healthcare and fitness industry, Epillo is also targeting the NFT gamers’ community by introducing NFT gaming in their smartwatch. The gamification is said to allow gamers to win real crypto tokens as they take challenges. The game can be played with 3 badges that will represent the difficulty levels and has more than 10 different sports modes, for the convenience of the gamer. Interestingly, as a gamer reaches higher levels, his NFT too gets upgraded and becomes more valuable, which can also be traded with other gamers and collectors.
People who are new to the world of crypto and NFT gaming can also generate an attractive passive income- APY (Annual Percentage Yield) by simply staking tokens in their crypto wallet. Not limited to swapping and staking, the EPILLO token can also be redeemed to avail products and health & wellness services such as Health Retail Investments, Health Insurance, Medical Aids & Devices, Health Products, Nutraceuticals, Genomics testing (DNA) & Clinical testing services, Global Health Consultations, and more.
Talking about their decentralized finance (DeFi) product, the project’s native token (EPILLO) will be initially deployed on the Polygon (Ethereum Scaling Blockchain) chain. For the community, EPILLO will provide quick and inexpensive transactions across a secure network. By providing various utilities across the whole Epillo Ecosystem and matching the incentives for all system stakeholders – the community, builders, developers, and investors – EPILLO Health Token aims to build a sustainable economy.
As Epillo group originally started as a healthtech firm, on the question of whether this initiative has anything to offer to the future of the healthcare and blockchain industries, Dr. Bhupinder Singh, Chairman of Board at Epillo Health Systems, says:
“The healthcare industry is arguably one of the largest industries. Epillo Health Systems will focus on the segments of Retail health, Health-tech, Digital health, and Consumer healthcare of this mega USD 6873 billion industry. To start with, we are encouraging more privacy to the user by letting them store their health & fitness data in distributed decentralized ledgers and to share it peer-to-peer with their healthcare providers.”
For more information on the project, check out www.epillo.io