Modum

Data Integrity

Supply Chain Operations

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3 years ago

Modum: Still a Diamond in the Rough

modum.io, a Zurich, Switzerland company combines IoT sensors with blockchain technology to provide data integrity for transactions of physical products, streamlining supply chain processes in many sectors.

The modum system:

The modum system ensures compliance with Chapter 9 of the new EU GDP regulations (2013/C343/01)
The modum system uses a per shipment service model
The modum system consists of 3 key components:
— the app for all standard devices,
— a dashboard for automated controls, and
— sensor devices.
The modum system collects and stores immutable raw data and provides useful analytics tools
The modum system is autonomous and can easily and efficiently be integrated into your existing processes via an interface. The service includes set-up, training, customer support, and regular updates.

How modum works

The modum sensors record environmental conditions during shipments. When goods change ownership, the collected data is checked against the specific smart contract in the Ethereum blockchain. The contract validates that the transaction meets all of the standards set out by the customer, their clients or the regulator and triggers various actions: notifications to sender and receiver, payment, or release of goods.

A Real Company

Founded in 2016, modum.io AG is a tech startup developing systems to improve supply chain processes by combining the best of blockchain
technology and the Internet of Things. Based in Zurich, between the “Crypto Valley” in Zug, a hotspot for fintech and cryptocurrency innovation,and Basel, a European pharma hub, modum.io is perfectly located to bring an innovative compliance machine to market.