Information Technology
New Research, Facilitated by Sweat Economy, Estimates the Value of an Active Day (10,000 Steps) At $2,281 a Year
By leveraging $60,000 in research grants provided by Sweat Economy , the project backing $SWEAT (token) and Sweat Wallet with the goal to make users' physical movement valuable, the University of Birmingham (UK), University of Cádiz ( Spain ) and Blockchain Research Lab ( Germany ) took novel approaches to this research problem, with each institution deploying distinct research methodologies.
Co-led by Dr. Mark Elliott and Dr. Danae Arroyos-Calvera , the University of Birmingham consulted research that estimated the Quality-Adjusted Life Years (QALYs) gained from being physically active and derived a value of at least .
Dr. Mark Elliott , Associate Professor of Human Movement Analytics at the University of Birmingham , said,
Dr. Borja del Pozo Cruz from the University of Cádiz and Prof. Sebastien Chastin from the Caledonian University of Glasgow concluded that an active day is worth $1.96 per day to governments, based on the UK's National Health Service (NHS) annual cost per head and National Health and Nutrition Examination (NHANES) Survey Data.
Paired with research conducted in the Sweat Wallet app, the researchers surveyed over 100K people from 114 countries on their perceived value of an active day, one of the largest contingencies of crowdsourced wisdom of its kind to date. The findings ranged from $0.5 to $9.5 per day.
Borja del Pozo Cruz , Principal Investigator for the research from the University of Cádiz, said,
Hamburg -based Blockchain Research Lab estimated that employers can benefit from increased employee productivity if they are physically active. Dr. Lennart Ante concluded that companies can benefit from an economic value of $4.38 per employee per active day, and see a attributed to improved employee health and reduced absenteeism.
Oleg Fomenko , Co-Founder of Sweat Economy, and organizer of the research program, said,
The consistent theme across these studies is the undeniable economic value of physical movement. Regular exercise not only improves individual health and well-being but also generates substantial economic benefits for society. Governments and institutions can now encourage physical movement as a cost-effective strategy for enhancing public health and reducing healthcare expenditures.
For more information on the research, please refer to this document .
Oleg Fomenko , Co-Founder of Sweat Economy, and Dr. Mark Elliott , Associate Professor at the University of Birmingham are available for interviews
Sweat Economy is a Web3 ecosystem on a mission to help the world be more physically active by incentivizing movement. It is powered by $SWEAT, a crypto asset capturing the value of physical movement, minted by steps. The token is managed via the Sweat Wallet dApp, the non-custodial Web3 mobile wallet dApp for managing your $SWEAT and other crypto holdings. Sweat Wallet is a top 5 dApp globally , boasting over 1.5 million monthly unique active users on the platform. Users can start earning $SWEAT and participate in the movement economy by installing the free Sweat Wallet app on Google Play or the App Store.
View original content: https://www.prnewswire.co.uk/news-releases/new-research-facilitated-by-sweat-economy-estimates-the-value-of-an-active-day-10-000-steps-at-2-281-a-year-302250538.html