World’s First Genomic Data Marketplace “Gene-Chain” By EncrypGen Launching Today

All-in-One: Buy and Sell Genomic Data, Purchase DNA Cryptocurrency, and Store DNA Data

Lewes, United States - November 6, 2018 /PressCable/ —

EncrypGen a blockchain-enhanced genomic data platform is announcing the world’s first Genomic data marketplace, the “Gene-Chain,” today allowing research labs of all sizes to access a growing, searchable database of de-identified genomic data coupled with self-reported phenotypic, behavioral, medical, and demographic data. The sales of data will be direct from the owner of the data to the buyer, mediated only by Gene-Chain with a small commission on each data sale for EncrypGen.

What is Gene-Chain? Gene-Chain is EncrypGen’s proprietary blockchain (a cryptographically encoded ledger) used to mediate the searching, storing, sharing, buying and selling of genomic data. It is a private network, meaning to participate, one must join the Gene-Chain community, thereby enhancing their security and privacy of genetic data on our global network.

“Until now, to buy data that is useful in research and development of new drug therapies and precision medical treatments meant paying whatever prices the big DNA testing companies demand, and without any compensation for people whose data is being sold,” remarks CEO of EncrypGen, David Koepsell, J.D/Ph.D. “The world’s first genomic data free market, built on a blockchain, ensures control and payment for data owners, and creates a new resource for researchers and pharma.”

In July 2018, DNA testing company 23andMe made headline news of a $300 million dollar deal that grants pharmaceutical giant GlaxoSmithKline access to 23andMe’s DNA databases. 23andMe and other companies in the industry are in the driver’s seat for such large sum deals because they have aggregated a lot of genomic data and self-reported user data. EncrypGen is trying to put the consumer back in the driver seat with people taking control of their own data. With the Gene-Chain, individuals own their data and choose whether to sell it for science and profit for doing so.

“Anyone can start to market their own genomic data from consumer tests like 23andMe direct to those who have been buying it from the monopolistic market that 23andMe maintains” states Koepsell. “This means more data for better science, and direct compensation for the data owners: you.”

DNA data is far more valuable to buyers when it is accompanied with a health profile which is why EncrypGen included more data points in Gene-Chain profiles. EncrypGen is encouraging people to fill out their complete profiles so that they are more valuable to doctors, scientists and genomic researchers, and they have better chances of being bought.

EncrypGen first prototyped the historic Gene-Chain in early 2017, the team steadily worked together reaching every milestone on-time (or ahead of schedule) to achieve today’s Gene-Chain marketplace launch, along with forming strategic partnerships within the industry along the way. Just a few weeks after a successful beta launch in early October, Dr. Koepsell recorded the world’s first blockchain mediated DNA data transfer via Gene-Chain. You can see this historic moment and other EncrypGen milestones via video by CLICKING HERE.

To learn more or to become a DNA data seller, a registered DNA data buyer or a Gene-Chain Marketplace partner visit EncrypGen.com

ABOUT ENCRYPGEN:

EncrypGen creates software (The Gene-Chain) that empowers consumers, researchers, and businesses to share genetic data with one another using a blockchain for enhanced privacy and security while paying each other with the DNA token. Husband and wife team, Dr. Vanessa Gonzalez Covarrubias and Dr. David Koepsell founded the company in December 2016. Dr. Covarrubias is a genomic scientist, and Dr. Koepsell is a philosopher, lawyer and author who both wanted to leverage blockchain technology to provide greater privacy for the sharing of genomic data for individuals, and to give them a means to sell their data, and at the same time make more data available for scientists. Follow EncrypGen via socials here: Facebook, Twitter, YouTube, LinkedIn, Telegram, Discord, Reddit.

Contact Info:
Name: Dr. David Koepsell
Email: Send Email
Organization: EncrypGen
Address: 16192 Coastal Highway, Lewes, Delaware 19958, United States
Phone: +1-954-955-9015

For more information, please visit https://encrypgen.com/

Source: PressCable

Release ID: 439196