Genome Company Wants People To Sell Their Biometric Data On The Blockchain

Genome Company Wants People To Sell Their Biometric Data On The Blockchain
Health

Nebula Genomics is using blockchain technology to aid in the development of genomic data

Jack Byram
  • 2 march 2018

Nebula Genomics, a new company focused on genetic data, is offering customers the opportunity to “own their personal genomic data.” Using blockchain technology, Nebula Genomics is aiming to dispose of middlemen, resulting in lower sequencing costs and greater security, while providing customers the chance to make money from their own information.

Currently, acquiring genomic data is expensive, with pharmaceutical and biotech companies spending billions of dollars to retrieve the data. Having more genomic data allows scientists to identify disease causes and potential cures. Nebula Genomics aims to allow data buyers to aggregate the data needed more effectively.

Nebula will be using “Nebula tokens” as its currency. Individuals will use the tokens to pay for sequencing, companies will use the tokens for access to the data and Nebula Genomics will sell the tokens to data buyers for fiat money. What makes this system beneficial to individuals is that once they have their genome information, it’s theirs, meaning that they can now make money from their data by selling it directly to the data buyers.

Currently, genome processing with Nebula will cost about $1,000, but that is subject to decrease as DNA sequencing becomes cheaper.

Nebula Genomics

Nebula Genomics, a new company focused on genetic data, is offering customers the opportunity to “own their personal genomic data.” Using blockchain technology, Nebula Genomics is aiming to dispose of middlemen, resulting in lower sequencing costs and greater security, while providing customers the chance to make money from their own information.

+Automotive
+blockchain
+cryptocurrency
+financial services
+genetics
+Health
+technology

Learn About Our Membership Services

Need Research Help?
As a member you can ask us any research questions and get complimentary research assistance with a 4-day turnaround. Reports inclde stats, quotes, and best-inclass examples on research topics.
Remain Informed & Strategic
We publish several trends reports each month. By becoming a member you will have access to over 100 existing reports, plus a growing catalog of deep topical analysis and debrief-style reports so you always remain in the know.
See Trends Come To Life
Meet your peers and immerse yourself in monthly trend and innovation webinars and discounted conferences.
No search results found.