Blockchain Projects Race to Rescue DNA Data as 23andMe Declares Bankruptcy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 02 2025
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Source: TipRanks
23andMe Bankruptcy and Data Concerns: 23andMe is facing bankruptcy, allowing the potential sale of 15 million users' genetic data, prompting privacy experts to advise users to delete their information before it can be sold.
Emergence of Blockchain Solutions: In response, blockchain projects like Genomes.io and GenoBank are offering decentralized alternatives for users to control their DNA data, although challenges such as high costs and privacy risks remain.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
