I've been scrolling through coinmarket cap one day and saw a token with a cool logo, so I clicked on it and landed on modum.io . At the first glance i wasn't impressed. The only thing keeping me interested was that this project was based in my city - Zurich in Switzerland - so I took some time to get a grip of the project. I read the whitepaper and was very impressed by Modum. I thought it was a solid project and thought I could educate the community about this project. So withoutfurdadodoo, I give you a summary of the key facts:
Combination of IoT sensors and blockchain technology
Modum is a very anticipated blockchain project. With their pharma-first strategy they have made a very wise decision: They help the pharma producers to record environmental conditions while the product is in transit to the distributor or consumer. Thus serving a very big sector in the economy. They do this using their own sensors (which already exist and work) which senses only temperature at the moment but they say that they could easily add functions such as humidity sensors or photo sensitive sensors. As the European Union came out with new regulations which say that all pharmaceuticals need to be supervised during transit concerning temperatures.
Modum is currently running successful pilot tests with big pharma companies and last mile logistics provider in Switzerland.
Reasons for massive success for them and investors:
- Very Early Stage: The ICO has been in 2017 Q4. Market Cap sits at approximately 30 Mio. USD and has multiple billion dollar potential. Look at competitors such as Vechain or Walton
- Located in Switzerland, Zurich in the middle of Zug and Basel. Zug is the so called Crypto Valley and Basel is the Europes main vessel for big Pharma corporations. Besides that I don't think that I have to mention the Swiss quality. (Oops just did)
*Their Pharma First Strategy. After the successful implementation in this sector their vision is to launch in multiple other sectors such as Healthcare, Chemical Industry, Heavy Machinery and even in the Food sector.
*The MOD token serves as a vote and a profit right in the company.
What are your opinions on this project? Do you think it can be long lasting? Have a look for yourself https://modum.io
This is solely educational. If you would like to buy tokens and risk your capital you should do you own due diligence research.
Source: Modum.io