dappcast Episode 8: EDNA
EDNA is more than a DNA sequencing service; it is a Decentralized Autonomous Community. The EDNA DAC’s main business model is to pool DNA sequencing data while retaining privacy, profiting from our own data, and enforcing the property rights of our genealogical data. The dream and idea of EDNA started over two years ago by Greg Simpson. Greg is the passionate scientist, engineer, and CEO behind EDNA. With experience as a Principal Engineer at Oracle, Greg was able to learn about DNA sequencing as part of his HIPPA compliance division at Oracle.
The technology to make EDNA was not possible until earlier this year when EOS began its software release. Now with a very scalable blockchain with near instant, free, and efficient transaction times a DAC on the blockchain was possible. EDNA is a DAC where the main shareholders are the users with sequenced DNA on the blockchain and the token holders. One genome is one vote. People who have a stake in the outcome of the research have a much higher incentive than token holders and take precedence over other parties.
EDNA as a token now is available to be staked and you can earn rewards based on the length of your staking period. You can find out more about EDNA staking here.
Jake, “The Dapp Coach,” Bryan’s Links:
Blockchain Educators: https://courses.blockchaineducators.org/?ref=87a827 - World leading education with up to date information on the Blockchain and Cryptocurrency space.
Scaling Blockchain: The next EOS based conference is coming to San Francisco! The day after the EOS Hackathon the conference will be a great meeting of the minds with future dapp developers, investors, token holders, and the community at large. Use my code ‘dappcast’ and get a 10% off of the event. You can also click the link here.
I am the Dapp Coach and I am looking for clients. I help increase clarity, gain focus, refine your vision, and accelerate your time to market. Providing an outside viewpoint on your business helps avoid group-think and accelerates growth and a better product. Your dapp will achieve your starting goals with me as your coach or your money back.