• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Nexo

DNA Data Marketplace on the Blockchain

Martin Young by Martin Young
4 years ago
in News, Blockchain, Companies, News teaser, Technology
0

Big data is big money, and corporations such as Google and Facebook have made billions out of your personal information. Medical and genetic data is worth even more, and companies may be profiting from it whenever you take a genetic test. The solution in giving people back control over their genetic and DNA data is the blockchain.


According to reports, consumer genetic testing saw unprecedented public demand last year.  Companies, such as AncestryDNA, carried out an estimated 10 million tests on individuals. While they charge for these tests, the real value is in the genetic and DNA data which can be sold on to third party medical companies.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

medical lab

Genome Demand

There is a growing demand for genome data and research which brings about a conflict between individuals, corporations, and medical facilities. A solution lies in a decentralized blockchain and crypto token that facilitates the encrypted exchange of medical and genetic data. It is a fledgling industry, attracting a number of startups eager to employ blockchain technology to innovate solutions.

One platform, Encrypgen, allows users to upload and securely store genomic data for up to five family members. This data can then be shared with their doctor after permission has been granted. Sequencing providers on the private blockchain can be used, or customers can upload their DNA from third party providers. Users can get notifications when a third party is interested in purchasing some of their genomic data. The transaction will be facilitated with DNA crypto tokens and recorded on the public ledger.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

DNA data

Crypto Genetics

Other companies are entering this embryonic industry with platforms of their own. Zenome uses nodes on a network of private computers to achieve a distributed approach to genetic analysis. The data is fragmented and encrypted to prevent theft and can be uploaded for no charge initially. Secure storage and a free report about your health and origin is provided in return. Users can choose whether to sell any of their own data using the firm’s own crypto token, ZEN.

Luna DNA has a slightly different approach, enabling users to upload their data for health research purposes in exchange for some Luna Coin. The depersonalized data can be bought by research academies and pharmaceutical companies. Specific genome testing will only be implemented with the user’s consent.

It is not easy putting a dollar value on the human genome, so only time will tell if these innovative, blockchain approaches to genetic data trading will pay off for individuals.

Would you sell your genetic data on the blockchain? Let us know in the comments below.


Images courtesy of PublicDomainPictures and Pixabay.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Martin Young

Martin Young

Related Posts

Portugal

Portugal Stance On Taxes – Crypto Haven No More?

9 hours ago
NASA

NASA Offers $70,000 For The Best Martian Metaverse Design

12 hours ago
US Justice

US Justice Department Executes First Criminal Crypto Charge

14 hours ago
Terra

Terra Flaw: Ethereum Creator And Binance CEO Slam Terra Via Twitter

17 hours ago
Riot Blockchain

Riot Blockchain’s Texas Expansion Could Use Power To Light 200,000 Homes

3 days ago
Kraken

Kraken CEO Shuts Down San Francisco Headquarters – Here’s Why

3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.