Vietnamese gene data to be protected by Blockchain technology
This is the cooperation established between Genetica and Oasis Labs. The agreement was signed with the witness of the working group led by Prime Minister Pham Minh Chinh who had a working visit to the US.
Genetica is a gene decoding company headquartered in San Francisco. The company was founded by a team of Vietnamese scientists and administrators.
The head of Genetica is Cao Anh Tuan, PhD in computer science at Cornell University. Tuan once worked for Google and is an expert in Big Data and Artificial Intelligence (AI).
Genetica has both CLIA and CAP, the most stringent certificates in the US for gene testing laboratories. Report results are examined by the team of scientists from leading universities in the US, including Harvard, Stanford, California at San Francisco, and Cornell.
Starting its operation and opening an office in Vietnam in 2018, Genetica now provides four groups of gene decode services for Vietnamese.
These services include the planning of nutrition and education for children; personalizing physical exercise and nutrition regimens; assessing the risks for genetic diseases (stroke, diabetes, allergies and virus infections); and screening 20 types of hereditary cancers.
Meanwhile, Oasis Labs is a blockchain company founded by Prof Dawn Song from UC Berkeley University. The company specializes in the development and providing of products for data management, privacy-protected data access, and secure computing.
The cooperation agreement with Oasis Labs will allow Genetica to secure the genetic data they analyze using Blockchain technology. This technology ensures that the person providing genetic data for genetic analysis can control his or her genetic test results.
Genetica already has about 100,000 genetic data of Asian users. The data will be controlled, protected by Blockchain technology and even tokenized to become GeneNFT.
In related news, Vietnam has had the first Blockchain legal entity – the Vietnam Blockchain Association.
It gathers blockchain research and application enthusiasts throughout Vietnam.
According to the announcement of the Vietnam Blockchain Association, the organization comprises of one chairman, four deputy chairmen and four standing members. Hoang Van Huay, former Deputy Minister of Science, Technology and the Environment acts as chair of the association.
The association is currently the only legal bridge between the Vietnamese Blockchain community and State agencies and departments in order to build a legal framework for the Vietnamese Blockchain technology industry.
A report showed that of the top 200 companies developed on the basis of Blockchain technology, there are 5-7 enterprises founded by Vietnamese people. About 10 startups in blockchain field has the capitalization value of over $100 million.