phas3LYNX: Progress & Next Steps
phas3 has been exploring Web3 solutions for data privacy with LYNX – a phas3-led R&D project. The aim of LYNX is to enable privacy-preserving storage, sharing and analysis of sensitive data – with a focus on biometric data from wearable devices – to amplify user insights and catalyse science and innovation. This idea originated from a need expressed by a previous employer to be able to gather insights on employee well-being but not wanting to collect and store the raw data. LYNX came about as...
phas3phas3 speaks to investors about "DeFi, DeSci, and Innovation"
phas3 co-founders, Sarah and Alexandra, recently spoke at “Crypto and Digital Assets: The Exponential Opportunity?” – a Real Vision family office event at The Londoner Hotel, London. The event was hosted by Raoul Pal and his expert Real Vision team. The aim was to bring Club b members together with a carefully selected group of the sharpest minds in crypto to explore and assess the compelling opportunities in this rapidly growing sector. Sarah and Alexandra were joined on stage by Diana Biggs...
phas3AlgoLYNX Hackathon Summary
LYNX recently ran a two-week hackathon in collaboration with Algovera. Check out our kick-off video here: The aim of the hack was three-fold:Test the “tech”: Specifically, Ocean Protocol’s compute-to-data functionality with an open-source EEG dataset on decentralised data storage (IPFS with estuary.tech & web3.storage).Test the “human” element: Can a decentralised group of people unite around the shared aim of building specialist algorithms, and together create ML capable of pulling out insig...
phas3 is an innovation consultancy focused on Web3 technologies
phas3LYNX: Progress & Next Steps
phas3 has been exploring Web3 solutions for data privacy with LYNX – a phas3-led R&D project. The aim of LYNX is to enable privacy-preserving storage, sharing and analysis of sensitive data – with a focus on biometric data from wearable devices – to amplify user insights and catalyse science and innovation. This idea originated from a need expressed by a previous employer to be able to gather insights on employee well-being but not wanting to collect and store the raw data. LYNX came about as...
phas3phas3 speaks to investors about "DeFi, DeSci, and Innovation"
phas3 co-founders, Sarah and Alexandra, recently spoke at “Crypto and Digital Assets: The Exponential Opportunity?” – a Real Vision family office event at The Londoner Hotel, London. The event was hosted by Raoul Pal and his expert Real Vision team. The aim was to bring Club b members together with a carefully selected group of the sharpest minds in crypto to explore and assess the compelling opportunities in this rapidly growing sector. Sarah and Alexandra were joined on stage by Diana Biggs...
phas3AlgoLYNX Hackathon Summary
LYNX recently ran a two-week hackathon in collaboration with Algovera. Check out our kick-off video here: The aim of the hack was three-fold:Test the “tech”: Specifically, Ocean Protocol’s compute-to-data functionality with an open-source EEG dataset on decentralised data storage (IPFS with estuary.tech & web3.storage).Test the “human” element: Can a decentralised group of people unite around the shared aim of building specialist algorithms, and together create ML capable of pulling out insig...
phas3 is an innovation consultancy focused on Web3 technologies
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phas3 took part in the recent ETHAmsterdam hackathon.
Our co-founders, Alexandra and Sarah, recruited three talented teammates through the ETH Global discord – Oliver Klingefjord @klingfjord, Ashwin Konale @konaleashwin, and Javier Bullrich @javierbullrich.
The team submitted a healthy habits “dApp” entry, which won three prizes – Best Overall Project Built with Tatum.io, and two honourable mentions by WalletConnect and Optimism Network.
The aim of taking part in the hack was to explore decentralised tools for biometric wearable data. This is motivated by a desire to enable users to own and leverage their own biometric data. For example, to allow users to permission non-proprietary algorithms to access and analyse this data, and to participate in scientific studies.
After speaking with Rachel Black from GoodGhosting the day before the hack, an idea was formulated to leverage DeFi savings to incentivise users to participate in and grow the decentralised biometric data ecosystem. The resulting concept was Health.Wealth – a protocol to empower users to achieve both their health and wealth goals, by investing in themselves (literally).
Users pledge crypto to achieve their health goals (e.g. run 5k three times a week for a month) and connect their wearable device. Pledges are pooled into a high yield DeFi savings protocol (we leveraged Yearn.Finance for this). Over the goal period, user activity is verified through tracking devices. We’re big fans of Oura and chose to leverage their API for our use case in the hack!
Users which meet their goals have their stake plus yield returned. Users who do not meet their goals have their stake returned but their yield is diverted into a community pool to fund scientific research related to health and wellbeing.
User biometric data is encrypted and stored on IPFS, using Tatum. Users receive an NFT of their data, which they can collect, share and/or sell. NFTs are minted from a custom ERC721 contract deployed into Optimism’s Kovan network.
At the start of the hack, we explored the sponsor technologies and identified which could be leveraged to build our solution.
We carried out user research with attendees at the event to refine the concept. A key insight from this research concerned the balance between “carrot and stick”. Originally, we planned to slash the savings of those who didn’t meet their goals and give this to those who did, but after feedback, we decided this was too harsh of a stick for many, and therefore decided to only slash the yields to those who didn’t meet their goals. In the future, we would have different user personas with a range of different risk/reward solutions offered.
The team built the frontend of the dApp with React and Typescript. We also used the WalletConnect modal, ethers.js and Tatum. Verification of user goals is achieved through a cron job Firebase function.
Check out our submission below to learn more and see our demo dApp.
https://showcase.ethglobal.com/ethamsterdam/health-wealth-650ik
If we’d had more time in the hack we’d have added a dashboard to show users their progress in terms of health goals achieved, savings and earnings to date, and a list of personal data NFTs.
Going forwards, we’ll be exploring encryption solutions and methods for identifying and preventing cheating.
We’d also like to carry out user research to identify personas, determine user needs, and refine the solution.
phas3 took part in the recent ETHAmsterdam hackathon.
Our co-founders, Alexandra and Sarah, recruited three talented teammates through the ETH Global discord – Oliver Klingefjord @klingfjord, Ashwin Konale @konaleashwin, and Javier Bullrich @javierbullrich.
The team submitted a healthy habits “dApp” entry, which won three prizes – Best Overall Project Built with Tatum.io, and two honourable mentions by WalletConnect and Optimism Network.
The aim of taking part in the hack was to explore decentralised tools for biometric wearable data. This is motivated by a desire to enable users to own and leverage their own biometric data. For example, to allow users to permission non-proprietary algorithms to access and analyse this data, and to participate in scientific studies.
After speaking with Rachel Black from GoodGhosting the day before the hack, an idea was formulated to leverage DeFi savings to incentivise users to participate in and grow the decentralised biometric data ecosystem. The resulting concept was Health.Wealth – a protocol to empower users to achieve both their health and wealth goals, by investing in themselves (literally).
Users pledge crypto to achieve their health goals (e.g. run 5k three times a week for a month) and connect their wearable device. Pledges are pooled into a high yield DeFi savings protocol (we leveraged Yearn.Finance for this). Over the goal period, user activity is verified through tracking devices. We’re big fans of Oura and chose to leverage their API for our use case in the hack!
Users which meet their goals have their stake plus yield returned. Users who do not meet their goals have their stake returned but their yield is diverted into a community pool to fund scientific research related to health and wellbeing.
User biometric data is encrypted and stored on IPFS, using Tatum. Users receive an NFT of their data, which they can collect, share and/or sell. NFTs are minted from a custom ERC721 contract deployed into Optimism’s Kovan network.
At the start of the hack, we explored the sponsor technologies and identified which could be leveraged to build our solution.
We carried out user research with attendees at the event to refine the concept. A key insight from this research concerned the balance between “carrot and stick”. Originally, we planned to slash the savings of those who didn’t meet their goals and give this to those who did, but after feedback, we decided this was too harsh of a stick for many, and therefore decided to only slash the yields to those who didn’t meet their goals. In the future, we would have different user personas with a range of different risk/reward solutions offered.
The team built the frontend of the dApp with React and Typescript. We also used the WalletConnect modal, ethers.js and Tatum. Verification of user goals is achieved through a cron job Firebase function.
Check out our submission below to learn more and see our demo dApp.
https://showcase.ethglobal.com/ethamsterdam/health-wealth-650ik
If we’d had more time in the hack we’d have added a dashboard to show users their progress in terms of health goals achieved, savings and earnings to date, and a list of personal data NFTs.
Going forwards, we’ll be exploring encryption solutions and methods for identifying and preventing cheating.
We’d also like to carry out user research to identify personas, determine user needs, and refine the solution.
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