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Dubbed “the best technology conference on the planet” by Forbes and the place “where the future goes to be born” (The Atlantic), Web Summit 2019 will take place in Lisbon, November 4-7. Modex, the blockchain database company and one of the event’s partners, will attend Web Summit with its Founder and CEO and top management representatives, highlighting the advantages (time and cost-related) of Modex BCDB (Blockchain Database) for enterprises. See you there!

At a glance: Web Summit

Web Summit brings together the people and companies redefining the global tech industry and Modex is proud to be a part of that. At a time of great uncertainty for many industries and the world itself, Web Summit’s organizers gather the founders and CEOs of technology companies, fast-growing startups, policymakers and heads of state to ask a simple question: where to next? “We live in uncertain times for tech and business. At Web Summit, we welcome the people who are tackling the big challenges facing industry today.

Our stages cover topics ranging from deep tech and data science to design and environmental sustainability” state the people behind this major event. This year, over 70,000 people from 160 countries will come to Lisbon for Web Summit, more than 11,000 CEOs and founders of the world’s biggest companies, the most promising new startups, influential investors, over 2,000 leading journalists and more than 1,200 speakers.

Modex at Web Summit 2019

Modex, the blockchain database company, will be represented by Mihai Ivascu – Founder and CEO, Alin Iftemi – Head of Modex, Dragos Rautu – Modex CTO, Dan Popescu – Software Lead, Robert Gherghe – Head of PR, George Darie – Head of Business Development, Bogdan Filip – Sales Lead and Claudia Iliescu – Customer Support Lead. Commenting on this important event, Mihai Ivascu stated: “Every year, I’m looking forward to attending Web Summit together with my team, meeting like-minded people, visionary CEOs and bright entrepreneurs who strive to make a difference and change the world for the better thanks to their efforts in the tech industry.

I am sure that this edition will be an impressive one, with many exceptional insights from key-speakers and leaders from all over the world. Lots of Fintech and blockchain projects will be in the spotlight at Web Summit 2019 and we are proud to showcase the innovative Modex BCDB blockchain enterprise solution. Together with my team, I’m looking forward to meeting many of you in Lisbon!”

Modex BCDB, first live presentation at Web Summit. See how it works!

Currently, the majority of blockchain solutions present on the market are oriented towards blockchain as a service, limiting themselves to a rigid view and application of the technology. A company or the CTO of a company can come to the realization, after a bit of study that their business can solve several issues and streamline back-end processes by implementing blockchain.

The problem is that in order for a company to implement blockchain technology only through its own tech team, they need to invest a significant amount of time and resources to study what type of blockchain is most suited for their needs, and commence a lengthy process of learning the development specificity of the respective blockchain, as well as scouting for developers proficient in the technology.

Modex BCDB is a new take on blockchain technology which removes the need to invest resources in blockchain training and facilitates the fast adoption of the technology in businesses. The solution proposed by Modex is a middleware that fuses a blockchain with a database to create a structure that is easy to use and understand by developers with no prior knowledge in blockchain development.

As a result, any developer who knows to work with a database system can operate with our solution, without needing to change their programming style or learn blockchain. Through our blockchain component, Modex BCDB is able to transform with minimal changes any type of database into a decentralized database which holds the same valuable characteristics inherent to blockchain technology: transparency, increased security, data immutability, and integrity.

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Modex BCDB doesn’t work by deleting the existing database or data entries. The database is maintained intact throughout the process, data integrity is ensured by calculating the metadata of the records and storing it on the blockchain. The system does not restrict access to the blockchain or to the database, so when a developer needs to make a reporting or ETL transformations, they can perform warehouse analytics by accessing the database directly.

This is because Modex BCDB has been purposely designed to be agnostic. With our solution, clients are able to set up a network, regardless of the type of database employed. In a consortium, each company can maintain what type of database they prefer and connect them through a blockchain-powered network to ensure cohesion while protecting corporate interests.

Join us at Modex’s stand (E328 located in FIL 3, across from the Saas Monster Stage) between 4-7 November for a live presentation of Modex Blockchain Database (BCDB). You can discuss with our CEO and the rest of the team. We’re looking forward to seeing you there!

About Modex

Modex, the blockchain database company, is promoting the adoption of blockchain technology and strongly believes in a future built around blockchain. Modex offers fully integrated services designed to solve the last mile adoption problem of the blockchain and aims to make blockchain user-friendly for every single device or person. At Modex, we can innovate thanks to our incredible team of experts and we offer services for the entire blockchain technology ecosystem: Marketplace for Smart Contracts, community tools for developers and blockchain as database services for enterprises.

In over two years, using cutting-edge technologies and with a clear strategy, Modex has evolved from the world’s first app store for blockchain into a complex ecosystem designed for developers’ needs and enterprises looking for blockchain solutions. Our mission is to spread and facilitate the adoption of blockchain into society and to solve real-world problems using this revolutionary technology.