Sei Basis floats 23andMe acquisition, genetic information on the blockchain

The muse behind the layer-1 blockchain, Sei, introduced it was exploring the acquisition of the genetic testing firm 23andMe after the agency filed for chapter.

In a March 27 X submit, the Sei community mentioned its basis was contemplating buying 23andMe “to defend the genetic privateness of 15 million People” by placing the corporate’s information on the blockchain. In keeping with the inspiration, if it acquires the biotechnology firm, it plans to deploy all of the genetic info on the blockchain and “return information possession to customers by way of encrypted, confidential transfers.” 

“We consider person information sovereignty is a matter of nationwide safety,” mentioned the Sei community. “When an American biotech pioneer faces chapter, private genomic information of thousands and thousands turns into susceptible to events that will not share the identical values of transparency and open entry.”

The announcement got here roughly 4 days after 23andMe mentioned it had filed for Chapter 11 safety within the US Chapter Courtroom for the Jap District of Missouri. The corporate mentioned on the time there could be “no modifications to the way in which [it] shops, manages, or protects buyer information,” which reportedly contains genetic info from roughly 15 million folks globally.