We are tokenising
health and sports data.
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THE EQUIL CORE
Equilibrium is a state in which opposing forces or influences are balanced. When a force is changed the state of Equilibrium changes. Equil endeavours to be a restorative force that tips the equilibrium of human data from heavy centralisation towards viable decentralised solutions.
Our goal is to build as part of a parallel decentralised network enabling individuals the freedom to engage a democratised economy of value. We have developed the EQUIL Core with a set of features enabling privacy and transparency in code.
We are working on
Web3.0 Hybrid Apps
Our apps include decentralised and centralised features depending on the use case
Sports Social media built on the XRP Ledger.
EQLX enables athletes, fans and leagues to own sports performance data. Opening the economy of value for health & wellness..
Holistic Wellness & Performance Monitoring Toolkit
Multi Event Toolkit
An eclectic group of individuals building cool things
Frequently Asked Questions
Learn about the Paradigm Shift in the way we interact with Health & Performance Data.
An NFT, or non-fungible token, is a unique digital asset that represents ownership of a specific item or asset. NFTs are stored on a blockchain and are unique in that they cannot be exchanged for other assets on a one-to-one basis. This is because they are non-fungible, meaning that they are not interchangeable and have unique characteristics that make them distinct from other assets.
NFTs are often used to represent digital assets such as art, music, videos, and other forms of media. They can also be used to represent ownership of physical assets, such as real estate or collectibles. NFTs are gaining popularity as a way to authenticate and prove ownership of digital assets, and to create new markets for digital collectibles and other unique items.
One of the key features of NFTs is that they are immutable, meaning that they cannot be altered or counterfeited. This ensures that the ownership and authenticity of the underlying asset is verifiable and secure.
Blockchain technology is a decentralized, distributed database that is used to maintain a continuously growing list of records called blocks. Each block contains a timestamp and a link to the previous block.
Blockchain technology was first developed as a way to securely and transparently track transactions in a decentralized manner. It was initially used as the underlying technology for the digital currency, Bitcoin. However, it has since been adapted for a wide range of other applications, such as smart contracts, supply chain management, and voting systems.
One of the key characteristics of blockchain technology is that it is decentralized, meaning that it is not controlled by any single entity. Instead, it relies on a network of computers to validate and record transactions. This makes it resistant to tampering and fraud, as it is difficult for any one party to alter the records without the consensus of the network.
Another key feature of blockchain technology is its use of cryptography to secure transactions. Each block in the chain is cryptographically linked to the previous block, making it difficult to alter the records without detection.
Overall, blockchain technology has the potential to revolutionize a wide range of industries by providing a secure and transparent way to track and verify transactions and other types of data.
The XRP Ledger is a decentralized, open-source digital asset platform that runs on a network of peer-to-peer servers. It is the underlying technology behind the cryptocurrency XRP, which is used to facilitate financial transactions between parties.
The XRP Ledger uses a unique consensus mechanism called the Ripple Protocol Consensus Algorithm (RPCA) to validate and secure transactions on the network. This algorithm allows the XRP Ledger to reach consensus on the state of the ledger without the need for mining, which reduces the cost and energy consumption associated with traditional proof-of-work blockchains.
The XRP Ledger supports a wide range of financial transactions, including the exchange of assets, the issuance of digital assets, and the creation of smart contracts. It is designed to be fast, scalable, and highly efficient, making it well-suited for use in financial applications.
Tokenization is the process of converting the rights to an asset into a digital token that can be traded on a blockchain or other distributed ledger technology. Tokenization allows for the creation of a digital version of an asset that can be easily transferred, tracked, and managed using blockchain technology.
Tokenization can be applied to a wide range of assets, including physical assets such as real estate and artwork, as well as financial assets such as stocks, bonds, and commodities. By tokenizing an asset, it can be more easily and securely traded on a decentralized platform, enabling increased liquidity and accessibility.
Tokenization also has the potential to disrupt traditional financial systems by enabling the creation of new financial instruments and markets, and by enabling more efficient and transparent settlement and clearing processes.
Web 3.0 is a term that is used to refer to the next generation of the World Wide Web, which is expected to be characterized by the widespread adoption of semantic technologies and the integration of intelligent agents.
Semantic technologies are a set of tools and techniques that are used to annotate and structure data in a way that makes it more meaningful and easier for machines to understand and process. They include technologies such as natural language processing, ontologies, and machine learning, which can be used to extract and analyze the meaning of text and other data.
Intelligent agents are software programs that are designed to operate autonomously and perform tasks on behalf of users or other software programs. They are often used to automate repetitive or time-consuming tasks, and to assist with decision-making and problem-solving.
Web 3.0 is expected to have a significant impact on the way we interact with the internet and with each other, enabling more personalized and efficient experiences and paving the way for new applications and services that were previously not possible.
Data is information that is collected and processed for the purpose of analysis, interpretation, or reference. It can take many forms, such as numbers, text, images, or sounds, and is often organized in a structured way, such as in a table or database.
Data is an important resource in many fields, including science, business, and government, as it allows for the analysis and understanding of trends, patterns, and relationships. It is used to inform decision-making, research, and policy development, and is often collected and analyzed using specialized tools and techniques.
There are many different types of data, including qualitative data, which is non-numeric and difficult to quantify, and quantitative data, which is numerical and can be easily analyzed using statistical techniques. Data can also be classified as primary or secondary, depending on whether it was collected specifically for a particular research purpose or obtained from an existing source.
Health data refers to information related to an individual’s health status, healthcare services, and healthcare outcomes. It can include a wide range of information, such as:
- Demographic data, such as age, gender, and race
- Clinical data, such as diagnoses, lab test results, and medical procedures
- Health risk factors, such as lifestyle behaviors and environmental exposures
- Treatment and care data, such as medications, therapies, and follow-up care
- Outcomes data, such as morbidity, mortality, and quality of life
Health data can be collected from a variety of sources, including electronic health records, patient surveys, clinical trials, and population-based health studies. It is often used to inform research, improve healthcare quality, and support public health initiatives.
There are many challenges and considerations related to the collection, use, and storage of health data, including issues around privacy, consent, and security. It is important to ensure that health data is collected, used, and shared in a responsible and ethical manner.
IPFS, or InterPlanetary File System, is a decentralized, peer-to-peer file sharing protocol that allows users to share and access files in a distributed manner. It is designed to be a more efficient and secure alternative to traditional centralized file sharing systems, such as HTTP.
IPFS works by breaking up files into smaller chunks, called blocks, and distributing them across a network of participating computers, called nodes. When a user wants to access a file, they send a request to the network, and the nodes work together to retrieve the blocks and reassemble the file. This decentralized approach allows for faster and more resilient file sharing, as it does not rely on a central server or point of failure.
IPFS is often used in conjunction with blockchain technology, as it can provide a secure and decentralized way to store and access data that is stored on a blockchain. It is also used in a variety of other applications, including distributed computing, distributed storage, and content distribution.
Decentralised, in the context of technology and systems, refers to a model where control and decision-making are distributed across multiple nodes or participants rather than being centralised in a single authority or entity. In a decentralised system, power and responsibility are shared among the participants, allowing for greater transparency, resilience, and autonomy.
Decentralisation is often associated with blockchain technology, which underlies cryptocurrencies like Bitcoin and Ethereum. In a decentralised blockchain network, there is no central authority or governing body controlling the system. Instead, the network consists of numerous nodes that maintain a copy of the blockchain and participate in the consensus process to validate transactions and maintain the integrity of the system. This distributed nature of blockchain provides several benefits, such as resistance to censorship, increased security, and elimination of single points of failure.
Beyond blockchain, decentralisation can also be applied to various other areas. For example, decentralised finance (DeFi) aims to create financial systems that operate without intermediaries, such as banks, by leveraging smart contracts and blockchain technology. Similarly, decentralised applications (DApps) are applications that run on a decentralised network, allowing for greater user control, privacy, and resistance to censorship.
Decentralisation is seen as a way to mitigate the limitations and risks associated with centralised systems. By distributing control and decision-making, it can enhance security, promote trust among participants, and foster innovation. However, decentralisation also comes with its own challenges, such as scalability, governance, and coordination among participants, which need to be addressed for widespread adoption and usability.
A dApp, short for decentralised application, is an application that operates on a decentralised network, typically a blockchain. Unlike traditional applications that rely on a central server or authority to function, dApps leverage the decentralised nature of blockchain technology to offer various benefits such as transparency, security, and immutability.
Here are some key characteristics of dApps:
Decentralisation: dApps are designed to run on a decentralised network, which means that the application’s data and code are distributed across multiple nodes in the network. This decentralised architecture ensures that no single entity has complete control over the application, making it resistant to censorship and single-point-of-failure issues.
Blockchain-based: Most dApps utilise blockchain technology as the underlying infrastructure. Blockchains provide a tamper-resistant and transparent ledger, enabling trustless interactions between participants in the dApp ecosystem. Ethereum is one of the most popular blockchain platforms for developing dApps, but other blockchains like EOS, TRON, and Binance Smart Chain also support dApp development.
Smart Contracts: dApps often rely on smart contracts, which are self-executing agreements written in code. Smart contracts automate the enforcement and execution of the application’s rules and logic, removing the need for intermediaries. They enable secure and reliable interactions between participants without the need to trust a central authority.
Tokenization: Many dApps have their native digital tokens that serve various purposes within the application. These tokens can represent ownership, provide access to certain features or services, or serve as a means of exchange within the dApp’s ecosystem. Tokenization enables economic incentives, governance mechanisms, and community participation.
Open and Transparent: dApps are typically open source, meaning that their code is publicly available for scrutiny and improvement by developers and users. This transparency fosters trust and allows for community-driven development and innovation.
dApps have found applications in various industries such as finance, gaming, supply chain management, social media, and more. They offer potential benefits such as increased security, reduced intermediaries, improved privacy, and the ability to create new economic models.
It’s important to note that while dApps offer unique advantages, they also face challenges related to scalability, user experience, and regulatory compliance. The field of dApp development is continuously evolving, with ongoing efforts to overcome these challenges and make decentralised applications more accessible and user-friendly.