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 put up, 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. Based on the muse, if it acquires the biotechnology firm, it plans to deploy all of the genetic data on the blockchain and “return information possession to customers by encrypted, confidential transfers.”
March 27 X saying a possible acquisition of 23andMe. Supply: Sei Community
“We imagine consumer information sovereignty is a matter of nationwide safety,” mentioned the Sei community. “When an American biotech pioneer faces chapter, private genomic information of hundreds of thousands turns into weak to events that won’t 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 Court docket for the Jap District of Missouri. The corporate mentioned on the time there can be “no modifications to the best way [it] shops, manages, or protects buyer information,” which reportedly contains genetic data from roughly 15 million folks globally.
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The 23andMe chapter has, for a lot of, reignited considerations about information privateness in an age through which corporations have caches of genetic data from hundreds of thousands of individuals.
After the chapter announcement, New York State Legal professional Normal Letitia James and California Legal professional Normal Rob Bonta urged 23andMe customers to contact the corporate to delete their private information, saying they’d a proper to privateness and to request any DNA samples be destroyed. The 2 authorities mentioned state legal guidelines gave 23andMe customers management of their very own information.
The value of the community’s Sei (SEI) token briefly rose from $0.209 to $0.215 after the community’s X put up — a roughly 3% enhance.
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