- The Sei Basis is exploring a daring plan to accumulate bankrupt 23andMe and put genetic information on the blockchain.
- The transfer goals to provide customers possession and management over their DNA information utilizing encrypted, user-managed entry.
- SEI token briefly jumped 3% after the information, whereas privateness considerations and authorized warnings shortly adopted.
Yep, you learn that proper. The Sei Basis—the group behind the Sei (SEI) layer-1 blockchain—is trying to scoop up none aside from 23andMe, the bankrupt DNA-testing firm, and toss hundreds of thousands of customers’ genetic information onto the blockchain.
No, this isn’t a sci-fi plot twist. That is DeSci, apparently.
In a put up on X (previously Twitter) Thursday, the inspiration known as it their “boldest DeSci guess but.” Which is saying one thing—as a result of earlier this 12 months, they launched a $65 million enterprise fund geared toward decentralized science startups constructing on Sei. In order that they’ve been pondering large for some time now.
From DNA Kits to Decentralized Management
The plan (if it really occurs) is to accumulate 23andMe, migrate its monumental database—about 15 million genetic profiles—onto the Sei blockchain, and provides that information again to the folks. Actually.
Encrypted storage, user-controlled entry, and even the choice to monetize your personal DNA? That’s what Sei’s pitching. Sounds futuristic. Barely dystopian. Perhaps each.
“This isn’t nearly saving an organization,” they stated. “It’s about constructing a future the place your most private information stays yours to manage.”
It’s a daring assertion. Particularly contemplating that, simply this week, 23andMe filed for Chapter 11 chapter safety. Issues should not going effectively over there.
Privateness Considerations? Yeah, They’re Already Occurring
Privateness watchdogs are circling. A number of U.S. state attorneys common have began telling shoppers to go delete their information from 23andMe completely—proper now—earlier than issues go sideways. The thought of DNA profiles probably floating round on-chain is already setting off alarms.
Whether or not or not blockchain is definitely the safer possibility? That’s one other debate completely.
SEI Token Bought a Little Bump (Then Cooled Off)
Following the announcement, SEI—the native token of the community—briefly climbed about 3%. However the rally didn’t final lengthy. It gave again a few of the beneficial properties shortly after, because the hype settled and people digested the entire “DNA-on-blockchain” idea.