Blockchain News

Modex Announces Launch of its Latest Product Modex BCDB


In a bid to make it simpler the way companies set up blockchain technology projects, Modex has announced the launch of its newest product Modex Blockchain Database platform, also known as Modex BCDB.

As per the announcement, Modex BCDB will allow companies to begin blockchain projects in a time span of just a couple of hours. Earlier, for companies, it would take days or sometimes months to start blockchain projects. Now, Modex BCDB has curtailed the time period to just hours from days and months.

Mihai Ivascu, CEO and founder of Modex said, “With the launch of Modex BCDB, we’re excited to usher in a new era of enterprise blockchain adoption. We’ve developed Modex BCDB specifically with enterprise needs in mind in order to counteract the high barriers to adoption that have typically kept businesses on the sidelines.”

While giving his interview to a local Romanian newspaper Economica, Ivascu claimed that he held many rounds of conversations with the Romanian Bank of Commerce popularly known as BCR. Currently, BCR is yet to use Modex’s solutions.

Meanwhile, Dietsmann, leading oil and gas giant, which came into existence in the year 1977 in the Netherlands, has tied up with Modex BCDB in a bid to bring it to its industries. Dietsmann has great expertise and specialization in handling the production facilities of other companies.

Peter Kutemann, president and founder of Dietsmann, said that blockchain will effectively aid the company and chalk out new strategies of collaborating with its major suppliers and clients.

Peter Kutemann said that the infrastructure of Modex Blockchain Database will make it possible for Dietsmann to become operational on a private blockchain infrastructure at cost-effective prices in just a short span of time. We will try to create great effectiveness with least efforts from our technical team members.

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