The foundation behind the layer-1 blockchain, SEI, has announced that it has explored the acquisition of genetic testing company 23andme after the firm was filed for losses.
In a post of March 27 X, the SEI network Says Its foundation considers the 23andme purchase “to defend the genetic privacy of 15 million Americans” by placing the company’s data on the blockchain. According to the Foundation, if it gets the Biotechnology company, it plans to deploy all genetic information to blockchain and “Returning data -owned data to users through the Censorypt, Confidential Transfer.”
March 27 X announced a potential acquisition of 23andme. Source: Six networks
“We believe that user data sovereignty is a matter of national security,” the SEI network said. “When an American biotech pioneer faces losses, the personal genomic data of millions becomes vulnerable to parties who may not share the same values of transparency and open access.”
Announcement comes almost four days after 23andme Says It filed for chapter 11 protection in the US losses court for the eastern district of Missouri. The company said at the time that there were no “changes to the stores (IT) stores, managing, or protecting customer data,” which has been reported to include genetic information from nearly 15 million people worldwide.
Related: Stop giving your DNA data for free at 23andme, says Genomes.io CEO
23andme bankruptcy is, for many, Concerned concerns about data privacy At an age where companies have caches of genetic information from millions of people.
After the announcement of the losses, New York State lawyer Letitia James and California Attorney General Rob Bonta DUNIKOKOK 23Andme users to contact the company to delete their personal data, saying they have the right to privacy and request any DNA samples to break. The two authorities Says State laws have provided 23andme users who control their own data.
The network’s (SEI) token price increased from $ 0.209 to $ 0.215 after the XX post – a nearly 3% increase.
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