On November 7th, after four interesting days, Web Summit 2019 – seen as the best technology conference on the planet by Forbes – came to a close in Lisbon. Modex, the blockchain database company, attended the event with its own stand, where lots of developers and tech people came to discover, first-hand, the time and cost-related advantages that Modex BCDB (Blockchain Database) brings to the market.

Led by CEO and Founder Mihai Ivascu, the Modex team present in Lisbon included Alin Iftemi – Head of Modex, Dragos Rautu – Modex CTO, Florin Otto – VP Product, George Darie – Business Development Manager, Robert Gherghe – PR Manager, Bogdan Filip – Sales Lead, Dan Popescu – Team Lead and Claudia Iliescu – M3 Holdings Customer Support Lead. Over the course of 4 days, the Modex team welcomed at our stand many developers, guests and people from the tech industry eager to find out more about Modex BCDB straight from its architects. Those who took part in the live demos and presentation sessions held on-site acknowledged the innovative features of Modex BCDB and the advantages for enterprises.

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. 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. With our solution, clients are able to set up a network, regardless of the type of database employed.

Other highlights of Web Summit 2019

This year, over 70,400 participants from 163 countries, more than 11,000 CEOs and founders of the world’s biggest companies, promising new startups, influential investors, over 2,000 leading journalists and more than 1,200 speakers on 22 stages traveled to Lisbon for the 4th edition of Web Summit. Of all the attendees, almost half (46.3%) were women. “A large number of visitors came from the UK, Germany, Brazil and the United States, among others”, stated the organizers. “This year gender parity also surpassed all previous editions of the Web Summit, with 46.3% of women participants”, they added. Among the key-speakers were Microsoft President Brad Smith, EU Commissioner Margrethe Vestager, former British Prime Minister Tony Blair and EU Brexit Chief Negotiator Michel Barnier, as well as whistleblower Edward Snowden, who addressed the Summit from Russia through a video call. 

Founded in 2010 by Paddy Cosgrave, Daire Hickey and David Kelly, the Web Summit is seen as one of the world’s largest events in technology, innovation and entrepreneurship. The technology summit, which began in Ireland, has been held in Lisbon since 2016 and will remain in the Portuguese capital until 2028. “Most participants at Web Summit want to know where the future is headed,” organizer Paddy Cosgrave said to DW. “They want to know which companies will be the next big ones in the IT sector.” According to Cosgrave, one of the core areas is the future of the auto industry. “We were accused of taking the wind out of the sails of major car exhibitions such as the Frankfurt Motor Show”, Cosgrave said. “But that’s not true. For us, it’s all about IT innovations in this area.”