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Medifakt: Empowering Healthcare through Decentralized Blockchain Technology

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Medifakt, an enterprise-level Decentralized Healthcare Ecosystem, uses a combination of Blockchain, the IoT, and ML to enhance the security of the collected data through IoT devices and feed them to a decentralized network. It is working on an enterprise-grade blockchain platform tailored to the sector’s regulatory, operational, and market needs. The project’s primary aim is to securely share medical information and data with complete traceability, aggregation of medical information from multiple sources, and utilize medical information for Big Data Analytics.

“Currently Medical industry has a lot of challenges in terms of security, disability, and interoperability so we want to help and solve those challenges. We created a platform using blockchain technology to improve the smart healthcare ecosystem for patients that permits and supports the transfer, transmission, storage, interpretation, second opinion, and evaluation by artificial intelligence of medical data and medical images across all subtherapeutic areas and medical specialties which we could cater to the needs of the healthcare industry,” –Aditya Tallapragada, CEO of Medifakt.

Medifakt is a project developed by AKT Health, a healthcare consulting firm with capabilities in Clinical research, commercial strategies, and consulting. Interakt, is a Blockchain-based technology firm building multiple projects in decentralized space including CeFi, DeFi Exchanges, Dapps, and gaming.

“Spinning off a new domain in this area is an opportunity for us to combine the powerful technology which is built by the Interakt team of domain leaders to solve the biggest challenges in healthcare.” – Aino Tsukamoto, CEO, Interakt Japan.

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The team built a network called Medifakt Network which has four main modules in Blockchain –

  • The Data layer (using the concept of Data Fabric & Data Oracles),
  • The Asset Layer
  • The Service Layer
  • The Security layers

which integrated to create a blockchain-secured platform with an Incentive model – HealthNode covering electronic health record management (including integration of patient-reported data), Clinical Data Management, Health Economics Outcomes Research, and Supply chain.

“Patient Healthcare records/data are one of our most valuable digital products that healthcare systems process and one of the most complex. Medifakt will ensure the real-world data collected through medical devices which will solve the transparency in healthcare costs in drug development, payments, and insurance premiums. It will also aim to use advanced machine learning capabilities to support the patient healthcare outcomes in a more secure and compliant way.” – Rashmi Gurnani, CEO, of AKT Health.

Medifakt aims to build a Cross-Chain Patient Data Aggregator with Identity Storage, authentication, and ownership. Our HIPAA-compliant solution securely enables all modes of digital health communication like telehealth, chat, voice, and permission-based data sharing.

“We are on a mission to create an efficient and convenient platform using blockchain & advanced machine learning capabilities to support patient healthcare outcomes and provide a more secure and compliant operation that allows patients to access medical records, manage and communicate. Medifakt network will give custody of data to the patients and create data interoperability, reduces operational costs, improves efficiencies and improves patient outcome for the providers. – Aditya Tallapragada, CEO of Medifakt.

The Medifakt Network asset layer will manage and operate the Token Economy incentivizing the Patients for their Data integration and creating transparency in calculating the Health Insurance premiums. Applications like FAKTR.finance  is a Healthcare Insurance Marketplace to trade different health insurances using a Dynamic Pricing model and application CONTAKT covering cross chain Patient Identity Management system.

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The Medifakt architecture provides individuals great control over their information. This unique project has two main directions from a functional and technical perspective, the functional aspect of the project looks into how traditional pharmaceutical companies have been dealing with commercial excellence, digital transformation, health economics, and outcomes research while the technological aspect goes beyond the traditional methods to complement the existing technologies with interoperable and secured technology combined with IoT, Blockchain and AI.” – Aino Tsukamoto, CEO, Interakt Japan.

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Blockchain

Blocks & Headlines: Today in Blockchain – April 25, 2025 | BitNile, Dutch Blockchain Week, Citigroup, Philippine Blockchain Week, D.O.G.E Foundation

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Blockchain’s metamorphosis from niche ledger technology to the backbone of Web3 has never been more evident. Today, we cover five stories that illustrate the evolving ecosystem: a gaming platform issuing its own token on Solana; Europe’s marquee Web3 summit; a major bank forecasting a “ChatGPT moment” for blockchain; a Southeast Asian conference aimed at busting crypto myths; and a foundation rebuilding blockchain from the ground up to solve scalability. Each development—whether product launch, industry gathering, macro forecast, educational initiative, or infrastructure innovation—offers a window into the trends shaping decentralized finance, NFTs, DeFi, and beyond.


1. BitNile.com to Launch Nile Coin on Solana

News Summary
Hyperscale Data’s subsidiary BitNile.com will introduce the Nile Coin on Solana starting May 1, 2025. The U.S.–based social gaming site chose Solana for its high throughput and low fees, aiming to enhance in-game economies, reward engagement, and deliver seamless micro-transactions. Details on tokenomics and governance are forthcoming, but management touts Nile Coin as a cornerstone of future gaming experiences.
Source: CoinTrus

Analysis & Commentary
Launching a proprietary token underscores two converging trends: the gamification of finance and finance-ification of gaming. By minting Nile Coin, BitNile.com taps into DeFi mechanics—staking, liquidity pools, NFT rewards—while leveraging Solana’s scalability. Strategically, BitNile.com positions itself for partnerships with NFT marketplaces and DeFi protocols, potentially opening secondary markets for in-game assets and generating new revenue streams beyond ad sales or subscription fees.

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2. Dutch Blockchain Week 2025 Gears Up in Amsterdam

News Summary
From May 19–25, Amsterdam will host the sixth annual Dutch Blockchain Week, culminating in the two-day summit (May 21–22) at De Meervaart. Tier 1 exchanges (Bitvavo, Kraken, Coinbase), Web3 pioneers (WOW.ai, Blockrise), regulators (European Commission, De Nederlandsche Bank), and industry partners (Mastercard, Deloitte) will convene. Side events range from AI-powered hackathons tackling compliance to padel networking meetups—underscoring the event’s blend of technology, policy, and community.
Source: Dutch Blockchain Week

Analysis & Commentary
Dutch Blockchain Week typifies the maturation of blockchain conferences into multidisciplinary forums. Beyond token talk and yield farming, panels on regulation, institutional adoption, and security reflect Web3’s integration into mainstream finance. Anticipate announcements on CBDC pilots, DeFi compliance frameworks, and cross-chain interoperability projects that may emerge from the Block & Order Hackathon.


3. Citigroup Predicts Blockchain’s “ChatGPT Moment”

News Summary
In an April 23 report, Citigroup analysts argue that 2025 could be blockchain’s “ChatGPT moment,” driven by regulatory clarity around stablecoins and integration with traditional financial systems. They forecast stablecoin market capitalization ballooning to $1.6 trillion (base case) or as much as $3.7 trillion (bull case) by 2030—anchored by dollar-denominated issuers and collateralized with U.S. Treasuries. Regulatory frameworks like the GENIUS Act could catalyze adoption among banks and fintechs.
Source: Cointelegraph

Analysis & Commentary
Drawing parallels to generative AI’s explosive growth, Citigroup envisions a tipping point where blockchain moves from experimental to essential infrastructure.  Successful integration will hinge on robust compliance tools, auditability, and clear governance models. Enterprise blockchain vendors should prepare for surging demand in tokenized payments, on-chain settlements, and embedded DeFi rails within legacy systems.


4. Philippine Blockchain Week 2025 Debunks Crypto Myths

News Summary
Scheduled for June 10–11 at SMX Convention Center Manila, Philippine Blockchain Week (PBW) 2025 will tackle misinformation and spotlight real-world use cases. Highlights include “Crypto, Unpacked” sessions demystifying the technology; “Smart Regulation” panels uniting policymakers and innovators; and “Blockchain for Impact” showcases on remittances, disaster relief, and digital identity. Founding President Donald Lim emphasizes government support and public–private collaboration to spur inclusive growth.
Source: UseTheBitcoin

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Analysis & Commentary
PBW exemplifies how emerging markets leverage education to accelerate Web3 adoption responsibly. By engaging regulators early, PBW can shape balanced frameworks that encourage innovation while protecting consumers—an instructive model for markets wrestling with both hype and skepticism.


5. D.O.G.E Foundation Launches New Blockchain, Opens Seed Round

News Summary
The D.O.G.E Foundation announced a ground-up blockchain rebuild designed to solve the scalability and reliability challenges plaguing existing networks. This modular architecture separates validation from execution to enable parallel transaction processing—targeting real-time gaming, DeFi under high load, and AI-driven applications. A seed funding round is now open to investors who share the vision of a performant, decentralized infrastructure.
Source: D.O.G.E Altcoin GlobeNewswire

Analysis & Commentary
As layer-1 congestion and high gas fees persist, new entrants must justify a “why now” with clear architectural advantages. If the D.O.G.E blockchain delivers real-world throughput and maintains decentralization, it could spur a renaissance of high-performance DeFi protocols and NFT platforms hungry for cost-effective base layers.


Conclusion & Key Takeaways

  1. Tokenization of Entertainment: BitNile’s Nile Coin on Solana highlights blockchain’s expansion into gaming economies and NFT reward systems.

  2. Convergence of Tech, Policy & Community: Dutch Blockchain Week showcases Web3’s evolution into an ecosystem engaging regulators, enterprises, and developers under one roof.

  3. Mainstream Inflection Point: Citigroup’s “ChatGPT moment” thesis suggests blockchain is poised for exponential adoption given regulatory support.

  4. Education as Catalyst: Philippine Blockchain Week’s myth-busting curriculum underscores the importance of public–private dialogue in emerging markets.

  5. Infrastructure Innovation: The D.O.G.E Foundation’s modular, high-throughput chain exemplifies the next wave of layer-1 networks addressing real-time, real-world use cases.

Today’s stories convey that blockchain’s next chapter will be written through strategic token launches, global convenings, regulatory clarity, educational outreach, and radical infrastructure redesign. By tracking these threads, industry participants can anticipate opportunities in DeFi, NFTs, Web3 games, and enterprise integration. Stay tuned for tomorrow’s Blocks & Headlines, where we’ll continue to decode the innovations shaping decentralized finance.

The post Blocks & Headlines: Today in Blockchain – April 25, 2025 | BitNile, Dutch Blockchain Week, Citigroup, Philippine Blockchain Week, D.O.G.E Foundation appeared first on News, Events, Advertising Options.

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Chameleon Finance Launches Green Finance Initiative to Advance Sustainable Digital Asset Infrastructure

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Ov Finance Upgrades Blockchain Infrastructure to Deliver Faster, Safer Digital Asset Trading

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