The Oasis Foundation announced via a Medium blog post on Wednesday that Oasis Labs has partnered with Genetica. Genetica is a fast-growing gene sequencing company in Asia. Genetica will reportedly use Oasis Network to protect 100K genomic data profiles for privacy-preserving genomic analysis for precision medicine.
The Oasis Foundation said this collaboration will provide a first-of-its-kind solution in Web3 to enable a privacy-preserving, incentive-compatible platform for genomic data collection and analysis at scale.
Oasis Network is a decentralized blockchain network built by Oasis Labs that enables secure and private data-sharing and control. ROSE, the native token of the Oasis Network, is down by more than 18% in the last 24 hours and currently trades at $0.06571