“Essentially, the way it will work is is our blockchain will have validator nodes that will hold the keys to decrypt the data and make it available,” says Dennis Grishin, who took a break working on his doctorate in genomics and genetics at Harvard to become chief scientific officer at Nebula. A host of blockchain-based start-ups are allowing consumers to profit from selling their data. Such companies are adopting models connecting sellers of personal data with potential buyers, using cryptocurrencies. One example start-up, CoverUs, pays users a small amount to engage with preventative health care, collecting health data in the process. Another, Encrypgen, looks to provide a blockchain-based platform where individuals can sell DNA data. The use cases for these technologies have been growing rapidly over recent years.
A host of blockchain-based start-ups are allowing consumers to profit from selling their data. Such companies are adopting models connecting sellers of personal data with potential buyers, using cryptocurrencies. One example start-up, CoverUs, pays users a small amount to engage with preventative health care, collecting health data in the process. Another, Encrypgen, looks to provide a blockchain-based platform where individuals can sell DNA data. The use cases for these technologies have been growing rapidly over recent years.