which the ZNA’s internal cryptocurrency stimulates to contribute its genomic data and fll out questionnaires (with medical and other personal information).
3. Summary
ZENOME is a decentralized database owned by the community in
which the ZNA’s internal cryptocurrency stimulates to contribute
its genomic data and fill out questionnaires (with medical and other
personal information).
At present, there are the following prerequisites in the field of personal genomics:
• Nowadays, more than 10 million people have undergone DNA testing (60 million by
2025)
• Pharmaceutical companies need genetic data to develop new drugs
• FMCG companies use genomics to create personalized products
• Large companies and corporations monopolize the genomic databases, which leads
to an increase in prices and inhibition of the science
• Genomics will be the main data generator on the Internet in the next 10 years
4. Summary
There is a need to create a decentralized storage of genomic
data, in which it is possible to freely exchange genomic and
personal (phenotypic) information between participants. Users
have a financial motivation to fill information about themselves,
and companies that buy genomic data have all the necessary
instruments for buying data.
Our platform uses the blockсhain system and the protocol of decentralized hash
tables (DHT) to create such a distributed database in which the community will
download its personal information and receive cryptocurrency as a reward.
5. Legal entity
Name of company:
Zenome.io Ltd
Registered office:
Suite 508, Marina Towers, Newtown Barracks Road
Belize City, Central America
Incorporation date:
September 19, 2017
Company Registration number:
168,105
Director:
Alexey Gorbachev
At present we are registered in Belize, but we plan to create a
legal entity in the European Union jurisdiction and open a bank
account there.
6. The amount of funds raised
Private round:
100 000 USD
Pre-sale:
235 ETH
159 000 USD
Sale Round 1st:
158.69 ETH and 13.50 BTC
225 000 USD
Total funds:
393.69 ETH and 13.50 BTC
484 000 USD
7. Financial model
For all transactions in the Zenome network, you need to pay in
ZNA tokens. Storage of genomic data, files transporting, and
interpretation will be paid by network users. The management
company of the Zenome decentralized network will be getting a fee
(0.001-0.01%) from each transaction.
At the same time, major companies (buyers of genomic and personal data), as well as
individual users, who want to purchase services within the network (for example, to
receive a genetic test, report or consultation) will provide basic liquidity (inflow of fiat
money).
8. Current state of development
Currently, a minimum viable product has been developed to
demonstrate the principle of working the client program and basic
inteface.
The source code for the MVP:
https://github.com/zenomeplatform/desktop-client/releases
MVP video:
https://www.youtube.com/watch?v=ljOCu19Te7o
The personal account of the token-holder is developed:
https://wallet.zenome.io/login?lang=en
Currently, we are developing a protocol for a decentralized network based on the libp2p
protocol (https://github.com/libp2p/specs) stack, that will allow us to implement the
first version of the Zenome network, described in our whitepaper.