AUSTIN, Texas, Aug. 3, 2018 /PRNewswire/ -- Timicoin/TimiHealth (www.timicoin.io) to be the first to pay you for your DNA while keeping you in control of it. It will announce the program at the BlockShow (https://blockshow.com/) Aug. 20-21 in Las Vegas as part of the TimiDNA Two Million Timicoin Giveaway.
The first 100,000 individuals who upload their DNA data to the TimiDNA private and secure platform will receive 20 Timicoins and unlike other DNA storage facilities, individuals participating in the Timicoin Giveaway will stay in total control of their DNA.
"We intend to be the first to actually pay you for your DNA data! Your data will be secure in our blockchain technology, and you'll be able to profit from it in our tokenized TimiDNA ecosystem, if you so choose. You will own it, control it, monetize it," said Will Lowe, founder of Timicoin/TimiHealth.
Individuals who already have DNA results through another source can access easy-to-use tools within TimiPatient to download and securely store those results. Once an individual's data is in the TimiPatient app, he/she will have complete control over their DNA data and will be able to even monetize it.
"We're on a mission to tokenize consumer's DNA information and allow them to first secure the data in a securely distributed TimiDNA blockchain, while giving them the ability to sell or not sell that data to researchers," said TimiHealth's clinical advisor, Dr. Jim Bonnette.
"Other genetics-based organizations are making money from consumers' data often without their knowledge. They're cutting deals with big pharma and even doing equity swaps in partnerships to leverage the data for making new drugs," he added. (https://www.gsk.com/en-gb/media/press-releases/gsk-and-23andme-sign-agreement-to-leverage-genetic-insights-for-the-development-of-novel-medicines/)
"We simply believe consumers need to be the ones in control, to actively decide to participate, and be empowered to profit instead of these companies. TimiDNA offers individuals unprecedented privacy and control over their DNA data."
"TimiHealth's mission is keep individuals in control of their personal health data.Today technology can truly support the governmental and consumer outcry for individuals to own their own data. The California Consumer Privacy Act of 2018 is an example of where the future of the ownership of data is going, and individual control and transparency is exactly what TimiHealth is aligned with," said Joyce Lignell, Chairwoman of TimiHealth's Advisory Board.
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