Blockchain’s Wild West: Sei Buys 23andMe’s Genetic Goldmine 🤯
Ah, the wild west of blockchain, where the brave and the bewildered roam free. And what’s more bewildering than Sei Blockchain’s acquisition of 23andMe, the genetic testing company that’s been collecting DNA samples from millions of Americans like a digital-age Noah’s Ark? 🐦
Sei Blockchain, the layer-1 chain with a penchant for the dramatic, has announced its acquisition of 23andMe after the latter filed for Chapter 11 bankruptcy. Because, why not? It’s not like 23andMe was exactly swimming in cash, what with its $300 million investment from GlaxoSmithKline and a $3.5 billion valuation that seemed to vanish like a mirage in the desert. 🌀
But Sei Blockchain is all about defending the genetic privacy of 15 million Americans and ensuring their data is protected for generations to come. Because, you know, the government and pharmaceutical companies are just dying to get their hands on all that juicy DNA info. 🤥
Now, I’m no expert, but I’m pretty sure that’s not how HIPAA works. But hey, who needs regulations when you’ve got blockchain, right? 🤷♂️
Sei Blockchain is aiming to bring all that genetic data onto its blockchain, where it can be safely stored and… wait for it… monetized. Because, you know, users want to make some extra cash off their DNA. 💸
But what about the data breach that compromised 6.9 million customer records? Oh, that’s just a minor detail. I’m sure Sei Blockchain has a foolproof plan to keep all that sensitive info safe. 😂
And then there’s the whole Decentralized Science (DeSci) thing, which sounds like a fancy way of saying “we’re going to make science more decentralized and transparent.” Because, you know, science was just a bunch of old guys in lab coats until blockchain came along. 🧬
But hey, if Sei Blockchain can pull this off, it could redefine data ownership and privacy in the genomic era. And by “pull it off,” I mean “not completely screw it up.” 🤞
As Donald Blunt, a Twitter user who’s clearly a blockchain expert (just kidding, I have no idea who he is), pointed out, there are some serious regulatory hurdles to clear before this whole thing can happen. But hey, who needs regulations when you’ve got blockchain, right? 🤷♂️
So, there you have it. Sei Blockchain’s wild west adventure into the world of genetic data. Stay tuned for the next installment, where we’ll explore the thrilling world of blockchain-based healthcare and the inevitable lawsuits that follow. 🎥
Curious to see how this plays out and your plan to deal with HIPPA and DEA regulations(if dealing with medications) that all healthcare companies have to deal with.
I do think there is a huge gap within healthcare records being secure and accessible to the right people and I…
— Donald Blunt (@Woodshed3NFT) March 27, 2025
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2025-03-28 16:33