So What’s The Deal With Genomics?

Genomics or the study of the genome (DNA) evolved from a series of experiments and technological advances that allowed scientists to finally decode the DNA sequence of entire genomes from any organism that has it, that includes us, humans. Since this Scientific breakthrough happened back in the 1950s, we can dabble in processes like cloning or even hybridization.

Strains of plants that are resistant to harsh conditions were created, and they brought relief to countries struck by poverty and perhaps bringing us one step closer to solving world hunger. But the real power, of DNA sequencing, is the fact that one day. Everyone will be able to sequence their genome and get customized prescription medicine that’s tailored to their DNA type.

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Shivom: The integrated solution for genomic services on the blockchain

By creating a unitary solution for sequencing, your genome and storing it safely, Shivom wants to change the face of genomic services by bringing it to the blockchain. To meet today’s healthcare challenges Shivom intends to create the largest data pool of genomics and healthcare related services on the blockchain. This ecosystem will ensure that all of the stored genomic data is safely kept on the tamper-proof distributed ledger system by maintaining multiple records of the collected data on more than one point of presence. Some of the advantages of using a decentralized architecture would be the following:

• High level of data security
• Lowering costs of service
• Making use of Smart Contracts
• Digitally global-available assets
• Mass Scalability opportunities

The current genomics global landscape

As it is right now, there are only a handful of companies who provide DNA sequencing services, granted they give the requesters the data they need, but they also store big databases of this data which they then sell back to research companies and individuals who require genomic data. The end user does not know about these processes, and thus they cannot benefit from any monetary compensation.

With the help of the Shivom platform, however, users can retain their DNA data and choose to sell it on the platform to the companies they see fit. With the Smart Contracts feature, secure individual transactions will be performed on the platform. The recipients can rest assured that they will receive adequate compensation and data buyers will receive accurate genomic data that’s usable right away in any form of research.

Some of the main advantages of genome sequencing would be the following:

• Disease diagnosis
• Disease risk prediction
• Customized medicine
• Prevention tailored measures
• Scalable pharmaceutical research

Some studies show that the global genomic market is expected to rise to 22 billion by the year 2020 with an expected growth of 11% per year. Having an efficient infrastructure that can deal with this growth early on will prove to be pivotal to the success of the company long term. Relying on blockchain technology with the know-how of an experienced team will inevitably increase the chances of success for such on such a disruptive market.

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