Remedy Blockchain’s Shortcomings with Genetic Information

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.

January 3, 2019, marks the 10th year anniversary of the launch of the bitcoin system since Satoshi Nakamoto introduced “Financial Freedom” to the worlds. Blockchain is a technology that realizes the ideal of mankind as a record that cannot be changed. However, the authenticity of a blockchain record does not verify the underlying accuracy of the truth of the data it records.

Blockchain is most vulnerable in the areas where it intersects with the real world, creating the ‘first-mile issue’. If false records are uploaded to a blockchain, they cannot be removed and, decisions and authentications based upon them will be false. Many other companies, such as Walmart and IBM have been running a pilot to provide better traceability to food distribution to eliminate the risk of fake food using blockchain. However, the fundamental problem still remains; blockchain presupposes trust in farmers and fishermen and yet blockchain is not a complete solution for distrusting farmers and fishermen. Other words, blockchain cannot stop farmers and fishermen to record and upload false information on a blockchain.

A global genome-based platform, announced that it will evolve into a genome-based “blockchain” platform to remedy blockchain’s shortcomings. Oceana’s study reveals that 59% of America’s tuna is not actually tuna. If genetic information that identifies tuna is encoded as a metadata in a colored coin, the opportunity cost of producing fake information would become too expensive. Creating a token that contains a variety of information about tuna has great potential for spurring the expansion of global supply chain finance for agricultural products. Indeed, the combination of ever-evolving genetic testing techniques and unchangeable blockchain technology can eliminate the problem of fake food from the agricultural supply chain.

They will take a snapshot of bitcoin UTXO to begin myGeNomeCoins (GNC) generation on January 3, 2019. To establish a genome-based blockchain ecosystem, the GNC will generate on the bitcoin ecosystem, which has already been distributed around the world. The GNC generation can bypass regulatory uncertainty around ICOs and concentrate on creating a token ecosystem. It can start building an ecosystem immediately following coin generation. Unlike an ICO token, it does not need to sell coins by touting the value of the token. Unclear regulations around ICOs are making large businesses and institutional investors hesitant to participate in token ecosystems. The GNC project, however, is free from regulatory controversy and exempt from market securities regulation because it does not sell coins. As a result, the project can focus on achieving the long-term goal of building upon the success of the GNC ecosystem to create a genome-based, shared economy, ecosystem, instead of raising quick money through ICO.

People who hold bitcoins on January 3, 2019 at 00:00 UTC can claim redemption of the number of GNC matching the number of bitcoins they hold in the wallet.

For further information, visit and


By Readers$type=blogging$cate=2$count=6


Analysis,498,News,2978,Press Releases,338,Sponsored,137,
CryptoNomus: Remedy Blockchain’s Shortcomings with Genetic Information
Remedy Blockchain’s Shortcomings with Genetic Information
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy