Sei Foundation floats 23andMe acquisition, genetic data on the blockchain

Quick Summary:

Source: Sei Network“We believe user data sovereignty is a matter of national security,” said the Sei network.“When an American biotech pioneer faces bankruptcy, personal genomic data of millions becomes vulnerable to parties that may not share the same values of transparency and open access.”The announcement came roughly four days after 23andMe said it had filed for Chapter 11 protection in the US Bankruptcy Court for the Eastern District of Missouri.

According to the foundation, if it acquires the biotechnology company, it plans to deploy all the genetic information on the blockchain and “return data ownership to users through encrypted, confidential transfers.” March 27 X announcing a potential acquisition of 23andMe.

In a March 27 X post, the Sei network said its foundation was considering purchasing 23andMe “to defend the genetic privacy of 15 million Americans” by putting the company’s data on the blockchain.

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Article Details

Author / Journalist: Cointelegraph by Turner Wright

Category: Crypto

Markets: United States

Topics: Users Information 23andme Company Foundation March Blockchain Bankruptcy Data Genetic Privacy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 21:55:00 (3 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 370 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 27376260

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