Medifakt, a decentralized healthcare ecosystem, is making strides in integrating blockchain, IoT, and machine learning to revolutionize the healthcare industry. By bridging the gap between technology and medicine, Medifakt aims to ensure the safety and accessibility of health data gathered via IoT devices.
With the creation of an enterprise-grade blockchain platform, Medifakt addresses the specific needs and requirements of the healthcare sector. The primary objective of the platform is to securely aggregate and share medical information from multiple sources.
By leveraging blockchain technology, Medifakt strives to streamline healthcare processes by enhancing data security and enabling comprehensive medical data analytics. This integration of high-level technologies is aimed at overcoming challenges related to security, interoperability, and data management in the medical industry.
The Medifakt Network, a collaboration between healthcare consulting firm AKT Health and blockchain-based technology firm Interakt, consists of four fundamental blockchain modules: the Data layer, the Asset layer, the Service layer, and the Security layer. When integrated, these modules form a blockchain-secured platform called HealthNode, which includes an Incentive model.
HealthNode is designed to effectively manage electronic health records, patient-reported data, clinical data management, health economics outcomes research, and supply chain. The platform aims to increase transparency in healthcare costs associated with drug development, payments, and insurance premiums. It also utilizes advanced machine learning capabilities to improve patient healthcare outcomes.
With a focus on patient-centricity, Medifakt is developing a Cross-Chain Patient Data Aggregator that adheres to HIPAA norms. This solution enables digital health communication via telehealth, chat, voice, and allows for data sharing based on permissions. The platform ensures data custody for patients, enhancing data interoperability, operational efficiency, and patient outcomes while reducing costs.
Medifakt’s applications include FAKTR.finance, a healthcare insurance marketplace that utilizes a dynamic pricing model for trading various health insurances. Another application, CONTAKT, manages a cross-chain patient identity system.
Medifakt’s dedication to integrating blockchain, IoT, and machine learning technologies paves the way for a next-generation healthcare ecosystem. With its secure and compliant platform, Medifakt processes and stores complex healthcare records and data, ultimately benefiting both patients and the healthcare industry as a whole.
By continually optimizing healthcare data management and embracing innovative technologies, Medifakt is positioning itself as a leading player in the ever-evolving healthcare landscape. With its commitment to transparency, patient-centricity, and data security, Medifakt is poised to drive significant advancements and improvements in the healthcare industry.
