New Cryptocurrencies Could Let You Control And Sell Access To Your DNA Data
Caitlin Curtis, James Hereward , 24 Jan 18
       

Genetic data is used to perform statistical analyses of disease associations. Shutterstock

Did you know that when you take certain genetic tests, the company can make money by on-selling your data to other businesses?

Now new blockchain-based marketplaces could give individuals control over access to their encrypted DNA data, and the ability to sell it to research companies for their own profit.

The ‘Google of personalised health care’

Consumer DNA testing saw unprecedented public demand in 2017. By one estimate, 10 million genetic tests were conducted on individuals by companies such as AncestryDNA.

People using these services may not realise that the real money for some of these companies could lie in the sale of genetic data to third parties for medical research. A 23andMe board member reportedly explained this in 2013:


The long game here is not to make money selling kits… Once you have the data, [the company] does actually become the Google of personalised health care.


Understanding the complex relationship between genetics and disease requires powerful statistical tests. The genomic healthcare revolution therefore needs many genomes for its fuel.

At the same time, genomic data can reveal highly personal information about us (and our relatives), especially when paired with our very private health data. There are competing interests between individuals, corporations, and the research community.


Blockchain is proving useful for much more than cryptocurrencies. Shutterstock
.
How could blockchain-based DNA marketplaces address these issues?

Marketplaces for buying and selling DNA data would be established by the creation of dedicated cryptocurrency “tokens”.

People will be able to sell their (encrypted) genomic data to researchers for tokens, which they can cash out or use to buy services, such as disease risk reports.

All transactions would be securely recorded on the blockchain.

This is a fledgling industry and we’re likely to see more startups in this space. To gauge what this new ecosystem might look like, we spoke to representatives from three companies: David Koepsell, chief executive of Encrypgen, Bob Kain, chief executive of Luna DNA, and Alexey Gorbachev, a founder of Zenome.

Encrypgen

Of these three platforms, Encrypgen seems to be the farthest along. It is free to upload and securely store genomic data for up to five family members (including pets), and share data with your doctor.

Consumers can use one of the sequencing providers on the private blockchain, or upload their DNA sequence from another provider. Access is controlled by the user. If DNA data comes from another provider, you may have already signed an agreement that allows third-party data access.

You will be notified if someone wants to buy access to your genome (using Encrypgen’s $DNA tokens) and can say yes or no. You can remove your genome from the service (and future access) whenever you want, but any use previously granted would continue.

Zenome

Zenome’s platform makes use of the computing resources of many “nodes” (different people’s computers) in a distributed approach to genomic analysis. To protect user privacy, genomic data is fragmented so that no node has a full copy. Personal information is stored on a user’s own computer and encrypted.

Initially, it will be free to upload data. In return you receive secure storage and a free report about your health and origin. Users can sell access and buy analysis services using Zenome DNA (ZNA) tokens.

Sign in to view full article

       
Does The Price of Your Shampoo Affect How Clean Your Hair Is? Here’s The Science
How do you choose which shampoo to buy? Do you take the advice of your hairdresser or believe the adverts ...
Laura Waters
Thu, 26 Jan 17
Why We are Willing to Pay for Mega Expensive Things
It may not seem logical or good value for money, but there are plenty of us that will fork out ...
Paul Harrison
Wed, 15 Feb 17
Facebook’s New Anti-Fake News Strategy Is Not Going To Work – But Something Else Might
Over the past year, the social media company has been scrutinized for influencing the US presidential election by spreading fake ...
Paul Ralph
Mon, 1 May 17
Every Picture Tells A Story, But Visualisation Can Tell The Right One
They say a picture is worth a thousand words.
Quang Vinh Nguyen
Thu, 4 May 17
Far Beyond Crime-Ridden Depravity, Darknets Are Key Strongholds of Freedom of Expression Online
The internet is much more than just the publicly available, Google-able web services most online users frequent – and that’s ...
Roderick S. Graham
Wed, 1 Feb 17
AcuSLIM - Acupuncture Weight Loss Programme
An Epoch Times Survey
An Epoch Times Survey
Read about Forced Organ Harvesting
BUCHERER
Sports Elements