This Business News Story Was Uncovered By Us From: https://nopassiveincome.com/earn-using-smartphone/
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A recent article explained how installing the WeWard app to your smartphone means you can earn rewards from simply walking. The app encourages people to walk more by awarding virtual currency called “Wards.” It also displays advertisements inspired by social networks, which contributes to its financing, and collaborates with brands such as Nike, Adidas, Amazon, and Booking.com. It receives commissions on sales made via the application, a portion of which is redistributed to users. However, WeWard does not appear to actually use the data it collects.
Rewarding people for carrying out simple tasks they complete on their smartphone is increasingly used by businesses in the crowd economy sector. They crowdsource data from their user networks of up to hundreds of thousands of people, and monetize it through providing valuable services that organisations and individuals are prepared to pay for. Here are five examples.
Vitality
Vitality is a UK-based health insurance company. Similar to WeWard, it collects exercise data from its user network via wearable tech. But then it goes further by continually updating its database that correlates fitness and exercise levels with incidences of illness and injuries.
Vitality can then more accurately conduct a risk analysis of each of its policy holders, and charge premiums accordingly. It attracts relatively healthy people anyway, and the ones putting in more effort to achieve and maintain high fitness levels can expect to pay lower premiums and secure higher value rewards. Rewards include cinema tickets, free coffee at certain branded outlets, discounted gym membership, and savings on wearable healthtech.
NATIX
Walking or driving around town and recording images can earn rewards from the NATIX app. NATIX is a ground-breaking entry int… Read More
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