The SEI Foundation researched 23andMe purchase to put genetic data on the blockchain
The SEI Foundation, the nonprofit development organization behind the Layer-1 Blockchain SEI (SEI), explored the acquisition of bankrupt Personal Genomics Company 23andme and puts the genetic data of 15 million users on blockchain metals.
The foundation announced the initiative to a X post On Thursday, calling its plan “the brave desci bet PA” – referring to the decentralized science movement.
The foundation said the security of genomic data is a national security matter, especially as 23andme grapples with financial difficulties. The company, known for direct-to-consumer DNA testing services, —File for chapter 11 bankruptcy protection Earlier this week.
If the acquisition continues, the SEI fund plan to include 23andMe data in its blockchain and give the users’ possession of their genetic data, ensuring privacy through the air -conditioned transfer and allowing individuals to decide how to -Monetize their data.
“It’s not just about saving a company, it’s about building a future where your most personal data remains you to control,” the foundation said.
Many state lawyers warned 23andme customers to delete their data From the platform in recent days since the company’s losses filed.
SEI, the native token of the network, climbed 3% following the news before returning some of the acquisitions.
