TimiDNA Opts You out Until You Decide to Opt-in, Since it is Your Genetic Data
Timicoin is a healthcare company based on the innovative technology. It recently announced the spreading out of TimiDNA platform which will be a full service genetics company. TimiDNA has APIs being enhanced to assist in the porting of genetic data.
Within the next couple of weeks, users will be in a position of having their DNA tested directly with the testing kits developed by TimiDNA, with the company safeguarding the results using blockchain technology. Additionally, the data will be tokenized in such a way that consumers will have the choice of selling their DNA information.
One of the key features of TimiDNA is retaining consumers’ genetic data. This will be done by safeguarding the data in the firm’s blockchain bionetwork so as to offer users will full proprietorship and control.
While a number of testing organizations have default opt-in information sharing policy, TimiDNA will be different since it offer default to an opt-out policy for all the sharing of information. In this regard, consumers’ medical as well as genetic data will be guaranteed to be safe and private. This will be the case except they personally decide share the same with other people.
The thrilling aspect about putting DNA data on the innovative technology is the fact that it alters the paradigm of information proprietorship, which is the core element that drives the firm. TimiDNA sees the future as endowing consumers with the power of proprietorship with their virtual DNA.
According to Will Lowe, the founder of Timicoin individuals have now been granted the power to decide on information is dispensed. This is only possible by making use of the firm’s default opt-out prototypical. At the end of the day, the firm brings buyers of DNA data to every user, who then makes the decision on whether to sell the data or not.
The firm will also go ahead to give the users 70% of each transaction that occurs within the platform. Over and above, the firm has a crystal clear model when it comes to data proprietorship, tokenization, and confidentiality. Users are thus in full control of their data within the platform.