The field of genomics has a lot of potential to improve healthcare in the health industry. This article will cover topics like genomics, its challenges, and how blockchain technology helps solve them. Moreover, we will discuss the benefits of blockchain in this sector, the fundamental process flow architecture of data sharing, and who the major players are.

What Is Genomics?

There are some challenges in maintaining genomic data, like

So, researchers use blockchain technology to tackle this issue and simplify data operations. It provides unique health-related information about each individual in a non-invasive way and offers excellent data confidentiality and integrity for genomic data, which is particularly sensitive and important.

Impact of Blockchain Technology on Genomics

Blockchain plays a significant role in healthcare, particularly in genomics. If the technology is applied more widely in genomics, scientists or researchers will be able to better understand disease causes and develop better therapies and treatments for various diseases while maintaining privacy and security. The below figure shows some of the advantages of Blockchain in Genomics.

Advantages of Blockchain in Genomics
Figure 1: Advantages of Blockchain in Genomics

Architecture for Blockchain-based Genomic Data

The steps of the blockchain’s application in genomics are described below with a flow diagram.

Basic flow of genomic data using blockchain
Figure 2: Basic flow of genomic data using blockchain
  • Each node in the first layer of the architecture is in charge of gathering and sorting genomic data, which arrive in various formats, including BAM or FASTQ.
  • These system nodes represent an individual, a group of researchers, or an organization that wants to share genetic data.

Storage Data

Blockchain Technology in Market Activities

Some of the top companies offering blockchain technology solutions in Genomics include GenoBank.io, Nebula Genomics, SimplyVital Health, Zenome.io Ltd. LunaDNA, LLC, Encrypgen, Digital DNAtix Ltd. Longenesis Ltd, WuXi Nextcode Genomics, Shivom Ventures Limited, Genecoin, Embleema, Zenome, Genesy and many more.

The following section includes some of the prominent commercialized blockchain solutions providers, IP market analysis, and future outlook in the life science industry.

1.) Company’s Products

Services provided by the companies using multiple blockchain platform
Figure 3: Services provided by the companies using multiple blockchain platforms
Blockchain Platform use in Genomics
Figure 4: Blockchain Platform Use in Genomics
  • Zenome uses the Ethereum blockchain to provide secure storage, sell access to genetic data, and buy genetic services
  • Genomes.io is an Ethereum-based blockchain platform that offers a secure DNA vault for individuals and financial benefits for (anonymous) donations to medical research.
  • DNAtix uses the Ethereum blockchain to offer services like anonymous genetic testing and anonymous genomic data reports. Moreover, it allows individuals to communicate anonymously with those who share their genetic traits.
  • Genesy offers sequencing services, genetic data access for sale, and a blockchain-based ecosystem for exchanging genomic data using the Hyperledger blockchain.
  • LifeCode.Ai uses the Quorum blockchain, offering personal health data ownership, a data sharing mechanism, and safe, decentralized health data administration.

2.) IP insights

The charts below represent the priority year distribution of the patents filed in Blockchain in Genomics.

Patents filed in the Blockchain in Genomics.
Figure 5: Priority filing trends

The top assignees working in the Genome blockchain are shown in the chart below-

Top assignees working in the Genome blockchain
Figure 6: Top Assignees

3.) Future Perspectives

The market for blockchain in genomics was USD 40.62 million in 2020. It is expected to reach USD 2,086.26 million in 2028, with a CAGR of 65.8%. Also, in terms of regional markets, North America dominates the global blockchain in the genomics market.

Conclusion

Blockchain technology has enormous potential to build future systems that will shape the medical world in new ways. Researchers and industry experts are still in the early stages of utilizing blockchain technology in genomics. They have yet to explore many areas that could potentially change the current genomic ecosystem. Moreover, blockchain will increase trust, process automation, and data sharing. Additionally, blockchain offers design incentives that will facilitate the sharing, storing, and processing of human genomic data in a fair way.