DNA startup Nebula Genomics will be offering the whole-genome sequencing almost for “free.” Incidentally, market analysts believe that it is a business tactic adopted by the company to build its reputation in the genetic marketplace based on blockchain technology. Anyone can get the genome sequencing done for free but of course, only if an individual reveals some much-needed information about health as well as refers to some friends to the sequence.
An individual fulfilling this criterion stand a chance of earning special Nebula tokens that can help them pay for a lo-fi sequence. The information expected from a person can be some survey questions related to negroni habits, family history related to heart disease and more. In the case, anyone does not wish to cough out all such information he can still get the whole-genome sequencing done from Nebula albeit by paying $99.
An individual revealing all the information related to health to the surveyor has so much to gain from DNA startup Nebula apart from the “free” offer. For example, if the health information of individual interests a pharmaceutical company or a researcher they might think of paying the person to upgrade him to the Cadillac of whole genomes also known as 30x coverage. The only thing a person has to do is give permission to the researchers or the pharmaceutical company to study his data, reported Wired.
The offers include promises of anonymity, security and transparency (in offering money) maintained on the immutable ledger backed by blockchain at the core. The users have the advantage of earning money or fee once their genome has been sequenced. They can charge a fee in tokens to anyone who wants to access the information.
With corporations earning billions from health data, the DNA startup Nebula is going a step ahead and ensuring that the users also gain something monetarily. According to Nebula, the company gives complete control to the user over his data and ensures that the users earn credits for the information they share and can also redeem the tokens for valuable rewards.
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