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We’re happy to announce that Modex has been recognized by CIOReview magazine as one of the 10 most promising blockchain consulting/services companies to watch in 2019 and is now part of the exclusive group of companies on CIOReview Platform – Blockchain Europe 2019.

Each year, CIOReview – a print magazine resource that bridges the gap between enterprise IT vendors and buyers – publishes a listing of 10 companies that are at the forefront of providing Blockchain Consulting Services and impacting the marketplace. In its feature dedicated to Modex and Modex BCDB (Blockchain Database), CIOReview states the following:

Today, Modex is disrupting the blockchain space with its “blockchain as a service” model. The company offers its name sake Modex Blockchain as a Database (BCDB), a platform that makes blockchain adoption simpler with a single API. BCDB’s API creates a private blockchain within the organization by decentralizing the existing database. All the developer has to do is download the API and its license, install the API and then write the connectors from the database. “It hardly takes two hours to write the connectors, and that’s it. They only need to know how to operate a database system or to be proficient in a programming language. Blockchain development skills are not required,” says Mihai Ivascu, Modex CEO and Founder. 

Modex’s innovative model Modex BCDB effectively eliminates the barriers of cost, technology, implementation time, in-house blockchain expertise, and reliance on an external blockchain developer team—the factors that significantly weigh down the rate of adoption. “Our model has made using blockchain technology extremely affordable with monthly subscription costs starting from as low as $500 and completely friction-free for the CTOs and they ‘absolutely love it’,” states Ivascu. 

What further sets Modex apart is that as opposed to other market players, Modex’s API sits within the client organization with the complete control of the sensitive information resting with them. Clients are not required to move their database to the provider’s existing infrastructure. “They don’t have to change absolutely anything,” affirms Ivascu. The think tanks at Modex are constantly researching and testing new blockchain frameworks in order to stay true to the core principle of the company: to provide a blockchain solution which is database and protocol agnostic.

Looking ahead, Ivascu affirms Modex has plans to expand globally and open an office in Silicon Valley. Forging strong relationships with value-added resellers in the Middle East, Asia, and the U.S. is also on the cards. “But for starters, we plan to accelerate the adoption of the API by SMEs and top 5000 Fortune companies as we roll out our interesting approach to blockchain,” concludes Modex’s CEO.

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Modex and Modex BCDB praised by Technology Headlines

In its July issue, The Technology Headlines magazine, based in Texas, U.S. – a knowledge platform for industry leaders and professionals to share their experiences, ideas and advice within the enterprise IT community – named Modex as “one of the 10 best blockchain solution providers to watch in 2019”. In a four-page dedicated article titled “Meet the future of blockchain technology”, the magazine’s editors highlight the innovations that Modex BCDB (Blockchain Database) brings to the market, why it is a differentiating factor and how companies can benefit from the advantages (time and money related) brought by Modex BCDB.

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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 which 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.

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.