Synthetic biology is a multidisciplinary area of research that seeks to create new biological parts, devices, and systems or redesign systems already found in nature to have new abilities.
The ability of blockchain to facilitate transparency, control and sharing of information, while keeping data secure, is being applied to biotechnology with companies like Nebula Genomics aiming for homomorphic encryption of people's genomic data. Blockchain technology in data storage and online platforms can improve sharing and access to information and also provide quicker ways for tracking and managing various steps in drug development.