An affiliate of the Japanese crypto participant and securities big Monex Group is about to utilize a brand new blockchain technology-based platform as a part of an formidable genome analysis venture.
Per a press launch, Genex, a Tokyo-based startup based final 12 months that’s 40% owned by Monex, is trying to construct a complete well being platform utilizing blockchain know-how. The platform, it mentioned, will permit researchers to entry a plethora of genome-related knowledge based mostly on the saliva, blood, and different samples of “tens of hundreds” of people.
The platform is about to debut in April.
The agency mentioned that the info will assist scientists and researchers of their hunt to find new medication and healthcare options. It additionally claimed that the platform would permit sufferers to change into energetic members in their very own healthcare, and acknowledged that it will be used to supply “healthcare-related providers.”
Genex claimed that it will “actively incorporate the Monex Group’s blockchain know-how and information to strengthen safety, privateness, and innovation” on its new platform.
And the startup added that it had raised funding for its venture from a third-party allotment deal financed by Monex, in addition to the Japanese pharmaceutical big Sugi Pharmacy (the pharmacy arm of the Sugi Holdings group). Funding has additionally been forthcoming from Kaken Prescription drugs, a drug producer and actual property agency.
Monex owns the Coincheck crypto trade in Japan, in addition to the TradeStation crypto buying and selling platform in the US. It has additionally backed a spread of different blockchain and crypto initiatives.
South Korean Doctor Says Blockchain ‘Must Be Used’ to Fight Crisis
Get Ready For Crypto Banking, DeFi & CBDC Surprises – Venture Capitalist
Chinese Internet-based, Blockchain-powered Hospital Set to Open in 2021
Is Blockchain-powered Medicine Just What the Doctor Ordered?
Bill Gates-backed, Blockchain, AI, and Big Data-powered Virus-fighting App Launched
Leading South Korean Hospital Group Readies Blockchain Move