Medifakt
Crypto Overview
Project Overview
Medifakt (FAKT) is a cryptocurrency project that aims to create a decentralized healthcare data management system. The platform intends to enable secure sharing of medical records between healthcare providers while giving patients control over their data.
Purpose and Utility
The stated purpose of FAKT tokens is to serve as the native currency for transactions within the Medifakt ecosystem, including payments for medical data access and rewards for data providers. However, there is currently limited evidence of active implementation of these use cases.
Business Model Analysis
The project's business model appears to focus on legitimate healthcare data management, which aligns with Islamic principles as it provides actual utility and involves the exchange of value. There is no indication of involvement in prohibited activities such as interest-based lending or gambling.
Development and Adoption
As of the latest available information, the project shows minimal development activity on public repositories. While the team has announced partnerships with several healthcare providers, verification of active implementation remains limited.
Token Distribution
The token distribution shows a relatively balanced allocation, with 40% reserved for ecosystem development, 30% for public sale, 20% for the team (with a 2-year vesting period), and 10% for marketing and partnerships.
Crypto Impact
To assign a comfort level investing in Medifakt from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Medifakt.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.