On June 20, ProBit Global will list FAKT, the token for both payment and medical imaging data host/provider verification on the Medifakt network.
The Medifakt blockchain platform seeks to cut the cost of accessing and managing interoperable health and imaging data by decentralizing the transfer, storage, and interpretation of medical imaging data as it services three key stakeholders globally: patients, providers, and AI companies.
Its remote storage eliminates unnecessary third-party hosts such as telemedicine companies which currently perform the medical images storage function and charge both providers and patients for the use of their services.
The increasing prevalence of chronic conditions and rising demand for self-care will see the global telemedicine market reach US$113.1 billion by 2025, according to a report by Grand View Research, Inc. The spread of the internet, the provision of virtual care, and the rising demand for centralization of healthcare, present market opportunities for blockchain healthcare use cases.
Medifakt combines IoT, AI, and blockchain to ensure the real-world data collection of images through medical devices, their interpretation, and solving the transparency issue in healthcare costs regarding drug development, payments, and insurance premiums.
The process entails nodes on the network verifying data storage transactions as well as other rules defined in the protocol. The nodes are rewarded in tokens while FAKT helps incentivize patients to encourage the sharing of personal data.
FAKT is the payment token that is used for telemedicine transactions and other medical services developed in the Medifakt decentralized healthcare ecosystem.
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