Genobank.io provides a Web3-based genomics data management platform that enables secure and private patient-led genetic and health testing through LabNFTs. The platform facilitates anonymous sharing of DNA data with researchers, ensuring compliance with GDPR and CCPA regulations while supporting critical medical research initiatives.
Funding
$50K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Individuals lack control over their genetic data, especially after submitting it to third-party services like 23andMe, creating privacy risks and potential misuse. Existing consent mechanisms often fail to provide sufficient protection against unauthorized data sharing or commercial exploitation of biosamples. The bankruptcy of such services can further jeopardize user data, potentially leading to its sale to unknown entities.
Solution
GenoBank.io offers a Web3 platform that empowers individuals to manage and control their genomic data through LabNFTs (Laboratory Non-Fungible Tokens). Users can reclaim their genetic information, store it securely, and grant permissioned access to researchers while maintaining anonymity. The platform ensures compliance with GDPR and CCPA regulations, providing a secure and transparent ecosystem for genetic data sharing. By leveraging blockchain technology, GenoBank.io enables users to participate in research studies and benefit from potential medical breakthroughs, all while retaining ownership and control over their DNA.
Target Audience
The primary target audience includes individuals concerned about the privacy and security of their genetic data, as well as researchers seeking access to diverse genomic datasets for medical research.
Features
- LabNFTs: Tokenized representation of genetic data, providing ownership and control.
- Consent Management: Tools to manage and revoke consent for data sharing with researchers.
- 23andMe Data Reclamation: Facilitates the retrieval and secure storage of genetic data from 23andMe.
- Anonymous Data Sharing: Enables users to share their data with researchers without revealing their identity.
- GDPR and CCPA Compliance: Ensures adherence to data privacy regulations.
- Research Study Access: Connects users with relevant research studies.