Medifakt is an enterprise-grade blockchain platform tailored to the healthcare sector’s regulatory, operational, and market needs. It is working on a platform that uses a combination of blockchain, IoT, and ML to securely share medical information and data with complete traceability, aggregation of medical information from multiple sources, and utilization of medical information for Big Data Analytics. The project is developed by AKT Health, a healthcare consulting firm, and Interakt, a Blockchain-based technology firm. The Medifakt Network has four main modules in Blockchain – the Data layer, the Smart Contract layer, the Application layer, and the Governance layer.