- September 9, 2018
- Posted by: Michael Kern
- Category: News, Technology
Technology is moving forward at the speed of light, and some of the most earth shattering breakthroughs are hidden right under our noses. While tech billionaires are dominating headlines with space ambitions and energy breakthroughs, there is a revolution quietly unfolding in the medical industry.
One of the most overlooked, but most important discoveries in human history happened nearly a half-century ago and has flown under the radar ever since due to costs, regulations, and privacy concerns.
Now, it’s suddenly bursting back into the spotlight.
In 2000, the world’s first full genome draft sequence was produced and three years later, in 2003, the full sequencing was completed. The entire process cost billions of dollars and took more than 10 years to complete, and these days, this incredible technology is used to test medical conditions, paternity or trace ancestry.
But this is only the tip of the iceberg.
DNAtix is looking to take DNA sequencing and testing to the next level.
The DNAtix Vision
Imagine you could predict an illness, preserve your DNA, or even help scientists unlock some of humanity’s biggest mysteries…
This is the DNAtix vision.
Using propriety developed technology, contributed by the company as open source for the benefit of the Genetic ecosystem, is a game changer. In a decentralized ecosystem, participants will be able to digitally sequence, store, test, and sell their genetic makeup in complete anonymity.
This platform will also allow developers, researchers, and institutions to create entirely new applications called GDAPPs (Genetic distributed applications), , ushering in the next era of possibilities, sure to revolutionize the industry. GDAPPs will enable developers and users to learn and experiment with DNA in ways previously not possible.
The $11 Billion Genetic Technology Market
The global genetics testing market is anticipated to soar from $5 billion in 2017 to over $11 billion by 2026. The competition is steep, with Ancestry.com and 23andMe enjoying first-mover advantage in the space.
Despite this, however, there is still an entirely new approach that these traditional companies are missing. Not only will DNAtix offer users the opportunity to know more about their past, present, and future, the company’s innovative ecosystem will allow developers and researchers to create entirely new tests, genetic application and research opportunities in which users will be able to choose to participate.
The advantage of being able to grow exponentially, not only in its user base, but also in the services offered, will be a key factor in winning over the market in the future.
And with that market expected to triple in four years, DNAtix is one of the few providers in the space that will be able to adapt to the expanding needs of both consumers and researchers.