Encrypgen Ico Review

Encrypgen Ico Review – Next generation software for genomic data

About Encrypgen

Encrypgen a company founded by bioethicist/attorney David Koepsell and pharmacogenomic scientist Vanessa Gonzalez to solve two problems at once: a) scientists need lots of genomic data, and b) people who are buying genetic testing from consumer testing companies don’t share their profits from selling data. Founded in 2017, the company first demonstrated its prototype in May 2017 at the Bio-IT World conference in Boston. With angel investment and a limited token sale of its $DNA utility coin in June 2017, the product was finalized and launched, as announced in The Scientist magazine, November 6, 2018 as the world’s first blockchain-mediated free market for genetic data.

Encrypgen then, its community of supporters and users has grown virally, and various partnerships and platform developments have poised the company for consumer growth. It remains the only free market for genomic data powered by blockchain, and is committed to democratizing and decentralizing science (De-Sci), allowing individuals to make choices and benefit monetarily through their contributions to research. To find out how we’re doing, take a look at our blog.

Encrypgen Key Information

KeyPoints
Token NameEncrypgen
Tokens for sale75,000,000
Distributed in ICO75%
Hard cap375,000 ETH
Soft cap20,000,000 USD
CountryUSA
AcceptingETH
Token SymbolDNA
Token TypeERC20
Raised$1,000,000
PlatformEthereum
Price in ICO0.0340 USD
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

The Game Change Team Behind Encrypgen

Encrypgen Ico Review - Next generation software for genomic data

The Missing Link Between Genomics and Privacy?

Philosopher Encrypgen has been pushing the frontiers of ownership and protection of genomic data for nearly a decade. In 2009, his book Who Owns You foreshadowed the lawsuit, a couple months later, by the ACLU and other parties against Myriad Corporation based on its patents on the BRCA genes. Those patents would have allowed Myriad to effectively monopolize the testing market for breast and ovarian cancer.

Recently, Koepsell and his long-time collaborator and partner, Dr. Vanessa Gonzalez—having together authored many publications about genomic data and privacy—started a software company to solve the problem. It’s unusual for academics, especially a philosopher, to stray this far outside their comfort-zones, but they have a plan to build a technical solution based on blockchain technology.

How does it work?

By uploading your DNA profile to the DNA Marketplace, you’re able to set a price at which you’re willing to sell your DNA profile for. Once your profile has been purchased, you’ll receive your asking price in $DNA. You can sell $DNA token for USD or ETH on an exchange, such as CoinMetro. If you’re buying DNA profiles, you do so with $DNA. Encrypgen seen labs that keep hard drives in locked file cabinets — and think that’s unacceptable.

DNA Token

Every living thing on this planet contains DNA. Within that DNA is a plethora of valuable information. Information that can be used to help further scientific breakthroughs in medicine and beyond. It’s only apt that Encrypgen named company token DNA. They sought to make an alternative to the current means by which valuable genetic data is bought and sold. While the current markets are monopolized by the testing companies, and lack transparency or participation by those whose data is sold, they created a free-market for de-identified data where you can set the price and earn most of the money spent to buy data for science.

Discover, Store, and Request Access to Data

Research centers, universities, and corporations purchase licenses to store their data on the Gene-Chain. Encrypgen groups can initiate requests for other stored data, which are automatically initiated in compliance with privacy and consent laws, significantly expediting collaboration and easing ethics procedures. The Gene-Chain is a repository of genomic data, uploaded by researchers and individuals, which accomodates browsing and metadata search. The Gene-Chain is a cross-platform-compatible way for scientists to securely share data.

Grant Access, Track Use, Store Securely

Encrypgen empowers donors by allowing individuals to see a complete permanent record of their data’s “withdrawals”. Individuals who upload their genetic information to the Gene-Chain can grant secure access to physicians or research studies using unique time-expirable keys. Blockchains store data; ours store genomic data. They are inherently distributed, peer-to-peer, immutable, and virtually unhackable. On top of this, the Gene-Chain uses additional security measures to ensure complete data privacy.

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