DNAtix - The Genetic Blockchain Ecosystem
DNAtix - the genetics blockchain company, announced the pilot of a breakthrough blockchain-based infrastructure and ecosystem for anonymous genetic testing, services and research. Lack of privacy is currently the barrier for so many people who want to be tested but are afraid to give their genetic data away. Anyone can anonymously upload partial and/or full genome sequences onto the DNAtix platform; contributors own their genomic data and use it to make informed decisions. The DNAtix genetics ecosystem links individual users in search of health solutions, or answers to genetic enquiries, with products and services that fit their needs.
To ensure the security and anonymity on the platform, DNAtix has developed the genetic wallet that will facilitate a wide range of anonymous genetic services. The DNA collection kit you buy and the 'wallet' created for you on the DNAtix website are connected through a code that is only provided on the kit at time of purchase - which is paid with cash. By using the wallet you become a code in the system and DNAtix doesn’t know who you are. When the sequence of your DNA reaches the system, it knows to put the data into your wallet so your DNA is fully private and you remain anonymous. “DNAtix is solving the privacy issue once and for all by testing highly sensitive DNA data with the first infrastructure blockchain ecosystem solution for anonymous genetic services,” said Ofer A. Lidsky, DNAtix CEO and CTO. “Anonymity will help so many people really utilize genetics testing and research.” Consumers, healthcare institutions, research centers, clinics, genetic counselors and others interested in using, testing, or gathering DNA data can now connect, work together for better health solutions and feel confident in sharing their genetic information. Technology Breakthroughs: An entire genetics ecosystem on the blockchain
DNAtix is the first company to successfully transfer a genetic sequence over the Ethereum and Hyperledger Fabric Blockchains. DNAtix intends to be the first to securely bring unsourced full genome sequencing into the mainstream through a direct-to-consumer (D2C) platform. Opening the door for advancements in research, new treatments, and cutting-edge personalized and preventive medicine, DNAtix’s D2C platform will provide full genome testing and access to services and solutions on the Blockchain and will allow researchers to use anonymous DNA, stored on the DNAtix infrastructure, to create tests, do research and design new treatments. DNAtix has developed an open source tool for DNA compression to overcome some of the challenges related to genomic data size. GitHub repository: https://github.com/DNAtix/DNAtix-DNA-Compression-Tool
About DNAtix ICO
Token Symbol: DNTX
Token Sale Starts: June 2018
Token Price: 0.01 USD
Total Supply: 150,000,000
Hard Cap: $30 million
The Current Market Situation
Recently, the interest in genomic sequencing has increased. It is estimated that by 20220, over 500 million individuals will have undergone the gene sequencing process. A testament to the growing popularity of these tests is the market worth of the sequencing sector, approximated to be $5 billon two years ago. Two years from now, this figure is expected to escalate to $20 billion. Presently, people have to go to medical services providers to access genome sequencing test, an aspect that substantially compromises their privacy. Moreover, there is no solution that offers blockchain-driven direct-to consumer services.
Services Offered by DNAtix
Several Genetic Tests
DNAtix will provide an array of both lifestyle and genetic assessments, which will be performed as either individual tests or packages.
High Security
Typically, blockchain applications are impenetrable. This guarantees that the confidentiality of a user(s)’ genetic information is upheld throughout.
Referral to Service Providers
The DNAtix platform will automatically refer users to the appropriate service provider by analyzing the test results against the remedies offered by a particular solution.
The DNAtix Wallet
DNAtix will developed a digital wallet through which members will control and access payments on the DNAtix platform. Besides, this wallet will also store the genetic information of each particular user.
The DNAtix Token
This will be the only acceptable means of payment within the DNAtix platform. The total supply of these coins is fixed at 150,000,000, meaning no additional tokens will ever be minted. In the first year, 15% of DNAtix will be hoarded in the reserve account.
Token Sale
DNAtix is scheduled to conduct its ICO in June 2018. During this event, 85% of the 150,000,000 DNAtix tokens will be up for sale. The hard cap for the fundraiser is set $30 million. Further details regarding the impending ICO are yet to be published on the project’s website.
Roadmap
After the ICO conclude later this year, the team will embark on the deployment of DNAtix platform. This step will involve the setting up of virtual machines at partnering institutions worldwide. Later one, DNAtix will increase the number of test it performs by adding an extra 25 tests. For more information:
Website | Whitepaper | ANN | Youtube
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