Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Shivom Partners with Spherity To Solve Issue Of Data Privacy As DNA Sequencing Popularity Grows

Shivom Partners with Spherity To Solve Issue Of Data Privacy As DNA Sequencing Popularity Grows

Blockchain genomics pioneer and self sovereign identity specialists join forces to securely manage genomic identity and DNA data privacy 

Shivom, the blockchain genomics platform that is powering personalized healthcare, has partnered with Spherity, the decentralised platform provider to ensure the privacy of Shivom’s massive genome datasets as the popularity of DNA sequencing grows.

Spherity, who have supported Shivom’s technical whitepaper in advance of the blockchain genomics company’s forthcoming token sale, will provide the identity layers that identify machines, humans and datasets. They will also provide permission management services that ensure access to the data is restricted to people with the right permissions. In addition, the teams will work on joint research into privacy preservation for DNA data storage and analysis, which will allow Shivom to adopt the latest technology as soon as possible.

“Our partnership with Spherity is particularly important because of the auditable log component that it will enable. In the world of DNA sequencing, researchers need to be able to view a log of who has accessed the information before and when that access occurred. This is an important aspect of our collaboration with Spherity that will enable advances in the world of precision medicine for many years to come,” said Natalie Pankova, Chief Scientific Officer at Shivom.

The storage requirements for genomic data are set to exceed all other fields in the coming years, as more and more people access DNA sequencing. With file sizes ranging from around 100-400GB per genome and a forecast that up to 2 billion people will have had their genomes sequenced by 2025, the way in which this data is stored and accessed will become increasingly important. With Spherity’s help, the Shivom platform will allow for creation of a public identity, a human genome data vault, and a structure for using one-time transaction identities during the registration process.

This will provide a potential solution to the fear that many individuals currently have towards the storage of their genomic sequencing data. Access to the data in the Shivom ecosystem will be managed by each individual DNA data holder, through a public/private key infrastructure that is based on similar blockchain systems previously built by Spherity for the energy sector.

“We are partnering with Shivom to help them develop a high level of privacy and individual control for their blockchain genomics platform. Modern cryptography allows us to add privacy while preserving computation through processes like multiparty computation and homomorphic encryption. Also, zero knowledge proof systems can be used for DNA matching and privacy preserving solutions or customized for human genome analytics,” said Dr Carsten Stöcker, Founder of Spherity.

Spherity will provide added value to the architecture of the Shivom platform and ecosystem, and will comprise part of the components that are required to build an efficient and useable technology to advance the Shivom vision. With Spherity, the platform will be unlike any other, and will allow Shivom to maximize the impact of decentralized DNA data storage, healthcare identity management, and data sharing.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post