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Following a 50,000 EUR investment, Modex will open a blockchain laboratory at the University of Economic Studies (ASE), Bucharest this autumn. Here, Modex’s blockchain experts will regularly hold educational events, workshops, scientific conferences for students and the academic community.

The agreement was signed in Bucharest on March 2nd by Mihai Ivascu, Modex CEO and Founder, and prof. univ. dr. Nicolae Istudor, Rector of the University of Economic Studies. The 80-seat university hall will become, starting this autumn, a blockchain laboratory for students from all of ASE’s faculties, and Modex will contribute to developing the students’ digital skills, regardless of their faculty profile (IT or business). Modex estimates that 50,000 Euro will be needed to equip the future Blockchain Lab with all the equipment and features required to organize dedicated courses, thus attracting students, teachers and people from the academic world to this innovative technology. Thus, ASE will become one of the first universities in the world with a blockchain curriculum.

blockchain laboratory

Commenting on the signing ceremony, Mihai Ivascu stated: “As a graduate from ASE I am thrilled to be here, with Rector Istudor alongside me, in the same hall where I took classes many years ago. A hall which I’m proud to modernize as the founder of a tech company, so that students can learn properly and benefit from my colleagues’ blockchain experience and from these classes. Modex is a world-class state-of-the-art tech product developed by Romanian programmers and it’s in our DNA to give back something to the society that has shaped us.

The University of Economic Studies (ASE), Bucharest deserves such a blockchain lab which meets the high standards of today’s digital world in which we live in.” Founded in 2017 by Romanian entrepreneur Mihai Ivascu, Modex raised investments of over 12 million Euro by the end of 2019.

Prof. univ. dr. Nicolae Istudor, Rector of the University of Economic Studies, added: “We are extremely happy to seal this partnership with Modex which will result, as a first step, in creating a Modex blockchain laboratory at ASE. This is another proof of the closer relationship between universities and the business world, a collaboration from which both sides gain multiple advantages. Moreover, it all translates into the investment we are doing together in our most precious assets: today’s students, tomorrow’s specialists.”

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According to a Deloitte study, blockchain ranks amongst the top five strategic priorities for enterprises around the world, and educating the public and Romanian authorities about the benefits of blockchain technology becomes a must in order to have a sustainable development of the Romanian society in this digitalization era. 

About Modex and Modex BCDB

Blockchain company Modex 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.

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.