Blockchain Research Lab partners with Sweat Economy to uncover the economic value of physical activity

If you’ve been following along, you may have read about our partnership announcement with the University of Càdiz, and we’re excited to continue sharing our huge news!

We’ve just partnered with The Blockchain Research Lab to uncover the true worth of an active day.

The Blockchain Research Lab (BRL), a non-profit institute dedicated to independent research on blockchain technologies, proposes a multidimensional plan to quantify the economic value of physical activity. This endeavor holds immense potential to transform the way we perceive and incentivize movement for a healthier future!

Here’s the current challenge:

• Over 25% of the global adult population leads physically inactive lifestyles, significantly impacting public health and incurring substantial economic burdens.
• Physical activity is demonstrably linked to improved physical and mental well-being, leading to reduced healthcare costs and a healthier workforce.

The BRL’s approach:

• Systematic literature review: They will conduct a comprehensive review of current literature to analyze existing research on the economic valuation of physical activity.
• Multilayered framework development: Leveraging the findings from the review, they will construct a multifaceted framework encompassing individual, industry, and government perspectives.
• Economic value formulas: They will propose three distinct formulas, each employing a unique set of assumptions and data sources in order to calculate the economic value of physical activity. They’ll be looking at factors like healthcare cost reduction, productivity gains, and public health outcomes.

The dream team:

• Dr. Lennart Ante: A leading expert in qualitative and quantitative literature studies, Dr. Ante will spearhead the project as the Principal Investigator.
• Prof. Dr. Ingo Fiedler: Renowned for his expertise in socio-economic analysis and behavioral economics, Prof. Dr. Fiedler will serve as the Co-Principal Investigator, providing invaluable guidance throughout the project.

The goal isn’t just to capture the economic value of physical activity, it’s to quantify that value and contribute to the ongoing research about the economic impact of physical activity. We’ve said it before and we’ll say it again: we all know physical activity has value, but what it is actually worth?

Keep an eye on your Wallets

This research isn’t going to be done in a vacuum; the team relies on your feedback to better understand what YOU think an active day is worth, so keep an eye on your Wallets. You’ll have a chance to share your opinion and contribute to the research — keep an eye on Twitter, Discord, Telegram, Reddit and your Sweat Wallet app to participate in the findings.

The Sweat Team

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