SEI announced Thursday on Thursday that it is considering buying 23ndme, a genetics company recently presented Chapter 11 bankruptcy. If the acquisition is successful, SEI plans to transfer the huge DNA database of 23andme on Blockchain Layer-1.
The SEI Foundation is in the process of putting the most daring desci bet.Sei_fnd It officially explores the acquisition @23andme To defend the genetic privacy of 15 million Americans and ensure that their data for future generations protect.
We believe user data … pic.twitter.com/c06r2qpyf
SEI
(Seinetwork) March 27, 2025
This would allow the 15.ndme 23 million users to have full ownership and control their personal genetic information through the encrypted infrastructure on the series. This development represents one of the most wounded endeavors in the growing decentralized science movement (Desci), and may have important effects on the future of ownership of genetic and privacy data.
The potential acquisition of the 23andme 23DME Data Group has significant effects, as it will transmit sensitive biometric data directly to the Web3 space. This development comes after 23ndme collapse raised concerns about the security and liquidation of this data.
The Foundation, which has already invested $ 65 million in Desci projects on Blockchain, set up the proposal as a way to enable users to control their DNA data and the possibility of liquidation.
Organized red flags
While artificial intelligence companies expressed their interest in obtaining typical training data, Critics warns One of the legal risks and potential reputation of any buyer. Non -Change and personal nature of DNA data means that they can be considered for -sale assets under the American bankruptcy law, regardless of the customer’s approval.
SEI suggests an alternative solution. By encrypting genetic data and giving users control of access, SEI aims to create a safe -based data economy that depends on individual sovereignty instead of winning the company.
The situation is already attracting the audit. Lawyers in several American states, including California, urged 23andme customers to request deletion of data, referring to the privacy laws that give the population the right to erase biometric data. However, under the rules of Chapter 11, the company may be legally obligated to keep this information as part of the bankruptcy.
The Sei team says that any buyer should give priority to ethics and data governance – and it is believed that the Blockchain infrastructure is the solution. But legal experts warn that the gray regulatory zone on vital data sales may lead to lawsuits, especially if users do not agree to their DNA trading.
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