Vietnamese officials back new partnership to tokenize genomic profiles

Asia-based genomics steadfast Genetica and Web3 information absorption steadfast Oasis Labs person partnered to tokenize genomics profiles with the purpose to heighten genomics-based precision medicine. 

In an announcement sent to Cointelegraph, the firms noted that Genetica volition migrate 100,000 genomic information profiles to the Oasis Network. These profiles volition let the information owners to person afloat power and cognition of however their familial information is being used.

The concern is besides backed by Vietnamese authorities officials who are precise supportive of Web3 technologies and information rights. According to Nguyen Chi Dung, who is from the Ministry of Planning and Investment successful Vietnam, their officials are steadfast supporters of Web3 and blockchain and judge that it brings existent benefits to society. Chi Dung explained that:

“The exertion assemblage successful Vietnam has been continuously increasing and brings applicable solutions to issues specified arsenic healthcare, education, finance, and others. [...] By empowering information ownership and privateness sharing, it tin assistance thrust existent benefits to healthcare and precision medicine.”

Oasis Labs laminitis Dawn Song believes that information is "the caller oil" and that it's precise important to make technologies that are privacy-focused and allows the liable usage of data. He thinks that "once information tin beryllium viewed arsenic property, it tin propel the planetary economy."

Tuan Cao, the co-founder of Genetica, expressed his delight arsenic the concern allows them to recognize 1 of their goals. "The concern enables america to crook the thought of issuing GeneNFTs to our users a reality," said Cao.

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Meanwhile, the EU Blockchain Observatory precocious published a study that highlights the applications of blockchain successful the healthcare sector. According to the report, determination are challenges that blockchain tin hole connected the mode to what the study dubbed "Healthcare 4.0."