21723

Blockchain-based genomic data platform

Russia, Moscow region
Market: Medicine, Blockchain
Stage of the project: Idea or something is already done

Date of last change: 17.09.2017
Min investment
$ 50.000
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$ 1.000.000
Rating
equalizer 43 из 1000
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Idea
This is an ecosystem that constructs a new genomic economy and is a distributed peer-to-peer database of genomic and medical information that has blockchain storage of personal data and its own cryptocurrency which is necessary for getting the genomic information, conducting scientific research, and storing of large amounts of genomic data to pay for all this genomic stuff!
Current Status
Pre-ICO is going to take place in October.
Market
Problem or Opportunity
Big corporations which want to purchase a big amount of genomic data in order to perform a research.
Solution (product or service)
Our project focuses on the construction of a blockchain-based genomic ecosystem. Our solution is based on the interaction between three different types of information: genomic data, personal data, and financial data. In view of the specificity of each of these data types, we have implemented their storage arrangement using technically different approaches. Financial transaction data is stored in the blockchain. Genomic data, due to its large size, is stored anonymously and overtly in a distributed and replicated way in the independent nodes. Its coordination is achieved using a distributed hash table (DHT). The personal data of every individual is only stored on his or her local computer.
Competitors
One of the main players on this market is 23andMe
Advantages or differentiators
The exchange of personal data between the network participants is performed a on peer-to-peer basis with identification based on public blockchain keys.
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Part of the investments we'll get we are planning to use as a fund to increase the amount of genome records in our database.
Offer for investor
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Videos
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Videos
 
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