Nokia and OP Financial Group, both based in Finland, launched a blockchain-based pilot project in October, Nokia researcher Enrique Martin-Lopez, PhD, wrote in a Nov. 30 company blog post.
Nokia's experimental blockchain platform enables a test group of 100 participants to manage and share data related to their daily activity levels and sleep, which is collected from Nokia wearable devices and encrypted during exchange with OP Financial Group.
After a user shares their data with OP Financial Group, the firm distributes various rewards to participants depending on whether they met their fitness goals.
"In the current pilot, users are rewarded for sharing data coming from their Nokia wearable devices in order to explore the possibilities of incentive models, such as smart health insurances and work health programs for promoting healthy living," Dr. Martin-Lopez wrote.