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SEI Foundation Flowing 23andme acquisition, genetic data on Blockchain

The Foundation behind Layer-1 Blockchain, SEI, announced that it was exploring the acquisition of the 23ndme genetic test company after the company applied for bankruptcy.

In the publication of March 27, SEI network He said Its institution was considering buying 23ndme “to defend the genetic privacy of 15 million Americans” by placing the company’s data on Blockchain. According to the institution, if it gets a biotechnology company, it plans to publish all genetic information on Blockchain and “return data ownership to users through encrypted and secrecy transport operations.”

Technology, privacy, DNA and data

March 27 x Announcement of a possible acquisition of 23andme. source: SEI network

“We believe that the sovereignty of user data is the issue of national security,” SEI said. “When the American biotechnology pioneer faces bankruptcy, the personal genetic data of millions becomes vulnerable to the limbs that may not share the same values ​​of transparency and open access.”

The advertisement came about four days after 23andme He said She applied to protect Chapter 11 in the American Banking Court of the Eastern Region in Missouri. The company said at that time, there will be “road changes [it] Stores or administration or protect customer data, “which includes genetic information from about 15 million people worldwide.