The Galvan Health Blockchain has officially launched.

Galvan, a pioneering health and wellness firm operating in the Web3 arena, recently made the announcement that it has launched a blockchain that is entirely devoted to the health and wellness industry.

Austin Simkins, an artist, has created a representation of the first blockchain that will be focused on health and well-being. Both the data chains and the humans who make up our community will be connected through this newly developed kind of connectivity.

The “Galvan Blockchain” is a layer-2 of Ethereum, and its governance is handled by owners of Galvan nodes. These owners assist in the distribution of rewards and voting proposals. A total of over 1,200 node owners from thirty different countries took part in the testing of the node network before its launch, establishing the framework for it to eventually become the global blockchain for health transactions. According to Adam Sharp, Chief Executive Officer of Galvan, “Our aim is to improve the health and well-being of individuals all around the world. We are pleased to lead the way in this field, as we feel that blockchain technology is a great instrument for attaining this goal,”

Incentives to Encourage Healthier Behaviors

A one-of-a-kind digital incentive economy will be enabled for use within the Galvan Wellness App by means of the Galvan Blockchain. Users will be able to track their well-being and receive “IZE” awards from the blockchain by sharing their progress with their friends and family by using the app, which will make use of ways that have been shown to encourage good decision-making.

The reward for one of the first set of action points that you get will be for your physical activity. The United States Department of Health and Human Services reports that considerable health advantages can be gained with as little as 150 minutes per week of exercise performed at a moderate level. Users who subscribe to the app, own nodes, and manage those nodes will have the ability to connect to popular fitness equipment, track their raised heart rate, and earn rewards from the blockchain when certain recommendations are satisfied.

The incentives will subsequently be transferrable to the Ethereum Blockchain and will be available for spending in a market for wellness products. The application is now in the private beta testing phase, and its public launch is scheduled for the beginning of 2023.

Rewards are not something that can be bought from Galvan at this time. They are a form of digital reward that may be obtained on the Galvan Blockchain in exchange for work and actions conducted there. On the Galvan platform, the digital reward is intended to be used toward the acquisition of Galvan’s goods and services, therefore it was created with this functionality in mind. It is important to note that the digital reward is not an investment product, and it is possible that it will never have any value outside of the Galvan platform. Owners of Galvan Nodes shouldn’t have any expectations that the digital reward will have any worth beyond the function it provides in conjunction with Galvan. There is not going to be any correlation between the value of the digital incentive and Galvan’s business activity, according to Galvan.

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This press release can have certain forward-looking statements, which are statements that relate to the future and involve significant risks and uncertainties. Statements that are considered to be forward-looking include plans, strategies, prospects, and expectations regarding the company’s operations, markets, risks, and other factors that are comparable. There is a possibility that some upcoming events will be impossible for us to accurately forecast or control. Any statements that are made in this document that are considered to be forward-looking only speak as of the date on which they are made. There is always the possibility that some of the factors or events that could cause our actual results to be different will occur, but it is impossible for us to anticipate all of them. We have no plans to update or alter any forward-looking statements that have been made public unless such action is required by law.

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