Following a successful presence at Web Summit Lisbon, Modex – the blockchain database company – showcased its innovative BCDB (Blockchain Database) enterprise solution at Blockchain Expo North America on November 13-14.
This year, Blockchain Expo North America brought together more than 500 speakers, over 350 exhibitors and more than 12,000 people across key industries for two days of world-class content from leading brands embracing and developing cutting edge blockchain technologies. Presented in a series of top-level keynotes, interactive panel discussions and solution-based case studies with a focus on learning and building partnerships in the emerging blockchain space, Blockchain Expo North America focused on the industries that are set to be disrupted the most by this new technology, including legal sectors, financial services, insurance, energy, music, government, real estate and others. Modex was one of the event’s Gold sponsors.
Over the course of two days, Modex’s stand at Santa Clara Convention Center in Silicon Valley welcomed developers, business partners and FinTech enthusiasts eager to know more about Modex BCDB and to discover, first-hand, the cost and time-related advantages that BCDB brings to enterprises. Modex CEO and Founder Mihai Ivascu, Head of Modex Alin Iftemi, Dragos Rautu, Chief Technical Officer, and Software Lead Dan Popescu were on-site, offering insights on how enterprises can increase the security and efficiency of their business with Modex BCDB. Our CEO was also one of the speakers, alongside top executives from Boeing Aerospace, InBrew and other big companies, taking part in an interesting panel debate focused on valid PoC’s and applied blockchain applications in the enterprise space.
Referring to blockchain beyond the Proof of Concept (PoC), Mihai Ivascu stated: ” If you’re a CTO or CIO who has been paying attention to the development of blockchain technology, you are acutely aware that the vast majority of blockchain projects remain proofs of concept (POCs). We’re now at the point where blockchain will either evolve to become an efficient business technology or die. If blockchain survives it needs to become a technology that can simply be integrated into existing enterprise-software systems. Integration is the single largest barrier to adoption.”
Ivascu continued: “Blockchain solutions can be and must be made compatible with existing solutions that enterprises have budget and staff committed to today. Implementation needs to be simple and straightforward, not complex and costly. And that’s where BCDB comes in. Modex BCDB removes the need to invest resources in blockchain training and facilitates fast adoption of the technology in businesses. Our enterprise solution is a middleware that fuses a blockchain with a database to create a structure which is easy to use and understand by developers with no prior knowledge in blockchain development. 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. 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.”
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 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.