Modum MOD

Market Cap $ 5.067 MM (#322)
24h Volume $ 970.861 K
Chg. 24h: -22.34%
Algo. score 2.9/5  (#612)
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Modum project purpose and description

Modum clarity of purpose

Modum purpose and aspects offers an alternative supply-chain solution, ensuring GDP compliance and auditability by using blockchain and IoT technology. modum’s passive temperature-monitoring strategy offers significant cost savings over the active-cooling methods currently used.

Modum categories

Supply chain

Short description combines IoT sensors with blockchain technology, providing data integrity for transactions involving physical products. offers a passive monitoring solution to streamline the supply chain processes in many sectors.

Abstract sensor devices record environmental conditions while physical products are in transit. When a change in ownership occurs, the collected data is checked against a specific smart contract in the blockchain. This contract validates that the transaction meets all of the standards set out by the sender, their clients, or the regulator and triggers various actions: notifications to sender and receiver, release of goods, payment, etc.

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