Timicoin/TimiHealth Strongly Advocates Consumer Ownership and Control of DNA Data

AUSTIN, Texas, Oct. 3, 2018 /PRNewswire/ -- Timicoin/TimiHealth (www.timicoin.io), the leader in genetic data ownership leveraging ultra-secure blockchain technology, is leading the charge to consumer ownership, control and ultimately monetization of an individual's DNA data.

Through the http://www.wheresyourdna.com/ website, Timicoin/TimiHealth has collected thousands of consumers who've added their voice to the petition.

Orlando Perez, a consumer who is currently a member of an existing DNA testing service wrote, "It's my DNA data, I want to own it." The sentiment has been echoed throughout the thousands of consumers who have signed up to lend their support for what each person believes is rightfully theirs: ownership and control of their DNA data.

Timicoin/TimiHealth drives its DNA ownership mission ahead through a blockchain-as-a-service model that provides a platform to companies collecting DNA data so they can choose a consumer-responsible method for monetizing that data. Through this blockchain solution, companies are able to share any revenue generating opportunities with consumers. Isn't that how it should be?

"Consumers are hearing every day stories in the news that illuminate giant technology companies whose business model has been to collect data on each of us, then without us realizing it, turning around and monetizing on that data," stated Will Lowe, Founder of Timicoin/TimiHealth.

To combat that model, blockchain has arrived. Through the properties of how blockchain works, consumer's data is assembled onto ones' own node. TimiHealth brings the marketplace to each individual. As organizations identify data they wish to purchase, a purchase request is sent to the individual. Each consumer gets to choose whether or not to participate.

"Over time, as DNA data becomes better understood, drug therapies will be fine-tuned and even personalized," said Joyce Lignell, who chairs the Timicoin/TimiHealth Advisory Board.

"Clinical research organizations who have used DNA data in those studies will pay consumers directly for their data. Not only does your DNA data contain real monetary value, but it is specific to each of us," she added.

"No two people share the exact same DNA and that's why each of us should fight to maintain ownership of it."

About Timicoin/TimiHealth:
The Blockchain-as-a-Service Platform provides decentralized healthcare data which can be accessed instantly from anywhere in the world. Timicoin/TimiHealth (Timicoin.io) is a patent-pending solution to securing patient data, while providing unprecedented portability. The company is actively deploying pilot programs in the US, Mexico City and Monterrey, Mexico.

Media Contact: Adrienne Mazzone 561-750-9800 x2270; amazzone@transmediagroup.com

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SOURCE TimiCoin/TimiHealth