Web3’s Oura Ring Lets You Go ‘Full Rose’ With Your Health Data

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that scene on the finish of Titanic?

The one the place outdated Rose drops the ‘The Coronary heart of the Ocean’ diamond necklace into the ocean, inflicting it to be misplaced eternally?

That is like that, however to your well being information.

Confused? Let’s begin right here…

One of many greatest promoting factors of Web3 expertise is that it will increase your particular person monetary autonomy.

(You possibly can retailer massive sums of cash on a USB as an alternative of a checking account, and transact anonymously by way of a crypto pockets, as an alternative of doxed by way of a debit card).

Now, the oldsters over at BeatBit Wellness Lab are trying to increase a consumer’s particular person autonomy past simply their funds.

Right here’s what they’re as much as:

BeatBit have created the ‘Cudis’ ring, which is basically the Web3 model of an Oura Ring (suppose: the well being options of an Apple Watch, however the machine is worn in your finger).

The purpose of distinction right here is:

Your well being information is encrypted and anonymously saved on IPFS (a decentralized file storage system) — that means solely you’ll be able to entry it.

…okay, cool. How does that relate to particular person autonomy?

It relates particularly to our particular person physique autonomy.

For instance: when Roe v. Wade was overturned within the US, well being trackings app received deleted en mass, trigger customers who lived in sure states feared these firms would possibly begin snitching on them to authorities.

And it’s not prefer it was an unfounded worry:

A fertility-tracking app often called Flo was taken to court docket by the FTC in 2021 for sharing consumer information with Fb, Google, and others.

However even when these apps weren’t willingly sharing consumer information, and as an alternative had privateness insurance policies in place — that ain’t a repair!

With sufficient authorized stress, these insurance policies could be damaged.

So right here’s how the ‘Web3 escape hatch’ works:

The one method to entry/monitor well being information utilizing BeatBit’s expertise is thru the app in your cellphone, which holds the encrypted key — aka: a extremely complicated “would take one million years to crack” password.

(And there’s no firm within the center that additionally occurs to have that key).

So in the event you delete the app out of your cellphone and destroy any recorded backup passwords, your well being information is accessible to nobody, and gone eternally.

Very like Rose’s diamond necklace.

Oh, and P.S:

Should you do need to ‘pull a Flo’ and promote your well being information to 3rd events, you are able to do so utterly anonymously.