Medifakt plans to leverage a blend of IoT, Blockchain, and AI technologies to bolster the security of data collected through IoT devices. By integrating these technologies into a decentralized network on the Polkadot platform, Medifakt aims to address transparency issues in healthcare costs related to drug development, payments, and insurance premiums. Additionally, Medifakt intends to utilize advanced machine learning capabilities to improve patient healthcare outcomes and ensure a secure and compliant operation.