GEChain officially released the White Paper!
by Evan Nasseri Seo ExpertFOR IMMEDIATE RELEASE
GEChain said in the
white paper that GEChain was launched to create a new ecological chain
of genetic data, confirm personal genetic data rights and capitalize
data resources, and form a new ecosystem in which the value of life can
be priced, circulated, and interchangeable. Users around the world can
convert their own genetic data into their own value and flow in the
ecology in the form of GE.
GEChain uses "GE" as the carrier of
value, that is, the token of GEChain. It is described as not only able
to flow in the ecosystem, but also to pry into the larger value ecology
outside the gene detection industry.
Genetic data can not only
provide solutions and cure methods for difficult and miscellaneous
diseases, but also can help people prevent disease, give birth and
healthy health. For pharmaceutical enterprises and scientific research
institutions, gene data is a valuable research resource, and the
research party can carry out drug research and biological technology
research under the guidance of gene data. However, even if the benefits
of genetic data are well understood, the development of the genetic data
industry still faces problems such as privacy and lack of ownership,
high storage costs and data dispersion.
In the white paper,
GEChain proposed to solve the pain point of today's gene data industry
in the form of "block chain gene data": "introducing blockchain
technology into genomics so that everyone can sequence their own
genomes, obtain data and safely store it on block chains." "Block
chain-Intelligent contract: solving data security problems; Block
chain-Cryptography: solving data ownership and value problems; Block
chain-decentralized Storage: solving data Storage problems."
GEChain
is creating an ecosystem driven by block chains that stores gene data
in decentralized databases, GEChain said. Users can access this data
under the specification of smart contracts so that each user can control
his or her own data and / or receive compensation benefits as a result.
On the whole, I think this is a revolution. I think the significance of this revolution is as follows:
For the first time, it provides a borderless, stable, shared and huge genome data hub for global human genetic data.
Let
the genetic data industry finally realize the multi-party cooperation
and win-win benefit of individuals, scientific research institutions,
governments and enterprises.
This is by far my favorite
blockchain project that can land. I believe that people who are really
in the field of blockchain feel that they should meet the real
challenge. In the future and even now, there are still a lot of people
who do not understand the blockchain and digital money, but the times
are a day of progress, time will slowly push it to your eyes, the
process of blockchain can not be stopped!
Media Contact
Company Name: WEGE FOUNDATION LTD.
Address: 218-993 Harold Street, Mountbatten W2E 3LT, Singapore
Contact: George
Tele: (+65) 20 8558 1358
Email: morningstar.editors@gmail.com
Website: http://www.gechain.io
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Created on Jul 18th 2019 23:51. Viewed 599 times.