Major venture capital firm Andreessen Horowitz has invested in its first "DeSci" (as in "decentralized science") project — AminoChain, according to a16z General Partner Arriana Simpson on X. A16z led the $5 million seed round announced on Wednesday.
The project is looking to bring “ownership, transparency, and consent” into the field of medical data collection using blockchain technology. AminoChain is building a “decentralized biobank” and Layer 2 network that will connect enterprise medical institutions looking to share medical data while preserving patient privacy, Simpson said.
According to AminoChain’s website, medical institutions can install “Amino Node” software and integrate it with its existing tech stack. “While data stays self-custodial on the given institutions' servers, the Node software harmonizes and standardizes the data into a common format, making it interoperable with a network of collaborators,” the startup said.
“The Node software thereby sources data from all providers and brings credible neutrality to the network; from this basis, developers can source data from a multitude of medical bodies and build any number of patient-centric applications,” AminoChain continued.
Decentralized science, or DeSci, refers to the use of blockchain to make various aspects of scientific research and collaboration more open, incentivized and community-driven.
The first application that will be built on AminoChain will be a peer-to-peer marketplace for “bio-samples” called the Specimen Center, which will house an inventory of research samples of human tissue potentially useful for scientific research.
“With Specimen Center, biobanks can now give permission for researchers and collaborators to query their sample collections, and they can equally query for research assets available to them. Between institutions, users can streamline licensing agreements, track sample and data use, and maintain full provenance of biosamples across an interoperable network of biobanks,” the company said.
AminoChain previously raised $2 million in pre-seed financing, bringing its total raised to date to $7 million.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
