Industry

Global Biobanking Market

• The market is expected to garner a revenue of USD 90 billion by the end of 2033, up from a revenue of ~USD 50 billion in the year 2022. (https://finance.yahoo.com/news/biobanking-market-revenue-surpass-usd-100000809.html)
• Key players:
  • UK Biobank (leading global biobank)
  • Thermo Fisher Scientific (biobank infrastructure & services)
  • Tecan Trading AG, Hamilton Bonaduz AG, Promega Corporation (biobanking solutions providers)

Blockchain in Healthcare Market

• The Global Blockchain Technology in Healthcare Market Size was Valued at USD 2.84 Billion in 2023 and the Worldwide Blockchain Technology in Healthcare Market Size is Expected to Reach USD 90.52 Billion by 2033, according to a research report published by Spherical Insights & Consulting. (CAGR: 41.37%)(https://finance.yahoo.com/news/global-blockchain-technology-healthcare-market-050000723.html?guccounter=1)
• Key Players :
  • PharmaLedger (blockchain for drug traceability)
  • Solve Care (decentralized healthcare coordination)
  • IBM, Oracle, Medicalchain SA (enterprise blockchain solutions in healthcare)

Decentralized Science (DeSci) Market

• Still emerging, with a combined market cap of $750 million (https://www.forbes.com/sites/chrissamcfarlane/2024/12/31/will-desci-takeoff-in-2025/)
• Key Players:
  • VitaDAO, SCINET, AntidoteDAO, LabDAO

The Limitations of Traditional Biobanks

Traditional biobanks such as UK Biobank and Thermo Fisher Scientific have been instrumental in advancing medical research. However, their centralized nature creates barriers to accessibility, diversity, and scalability:

Global Representation Issues

• Data is often region-specific, limiting representation in global AI training datasets.
  • UK Biobank, for example, is heavily UK-centric, leading to selection bias in AI models trained on data from this biobank

Limited Transparency & Participant Empowerment

• Biobank participants cannot verify how their data is being used, raising ethical concerns
  • Traditional biobanks are institutionally controlled, limiting participant engagement.
• Decentralized Biobank DAOs offer a solution by enabling participants to vote on data usage via DAO governance.

Decentralized Biobanks & Blockchain-Based Competitors

AminoChain

Website: aminochain.io