Tomorrow, October 8th, Alin Iftemi, Head of Modex, will take center stage at Romania Tech Nation, Bucharest, highlighting the cost and time-related advantages that Modex BCDB (Blockchain Database) brings to the enterprise industry.
Organized by The National Council of SMEs in Romania and BCR (Romanian Commercial Bank) under the high patronage of Romania’s President, Klaus Iohannis, Romania Tech Nation 2019 is an event “which aims to spearhead the society’s transformation through technology”. Held at Politehnica University (313 Splaiul Independenţei, Bucharest) from 10 AM, this inaugural edition brings together the entrepreneurial ecosystem, the entrepreneurial educational system and public policies. Among the topics which will be debated: encouraging the technology and entrepreneurial ecosystems to further develop Romania, offering know-how and resources for students, current or future entrepreneurs, start-ups and SMEs.
One to One – Big Business versus Start-up
Moderated by Bogdan Iordache, founder How to Web, this interactive session will run between 10-11 AM. Part of the “Start-up” panel of speakers, Alin Iftemi, Head of Modex, will highlight the advantages of Modex Blockchain Database in the enterprise sector. Modex BCDB is a new take on blockchain technology which removes the need to invest resources in blockchain training and facilitates 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.
Designed to be agnostic
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.
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.