Modex BCDB enables enterprises to get up and running with blockchain projects in days instead of months, and at a price point that small and mid-level enterprises can afford

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LONDON, UK�-�Media OutReach�- 23 September 2019 -�Modex, the blockchain enablement platform, announces the launch of their
enterprise platform for simplified blockchain deployment. The Modex Blockchain
Database platform (Modex BCDB) can enable enterprises to deploy their
first blockchain project in days instead of months. In addition to the platform
launch, Modex is also announcing that among their pilot enterprise customers is
Dietsmann, the global leader in energy maintenance
and operations.

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While blockchain can solve a number of complicated issues
related to security, auditability, and more, long development timelines and
large consulting fees have remained major barriers to blockchain adoption. By
simplifying the way enterprises can deploy blockchain technology, Modex BCDB
enables enterprises to get up and running with blockchain projects in days
instead of months, and at a price point that small and mid-level enterprises
can afford.

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"With the launch of Modex BCDB, we're excited to usher in a
new era of enterprise blockchain adoption," said Mihai Ivascu, CEO and founder
of Modex. "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. Our
platform and customers prove that it is possible to leverage the benefits of a
blockchain database without long development timelines or high implementation
and consulting costs."

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Modex BCDB ensures data integrity, auditability, and security,
all while integrating with an enterprise's existing databases. Modex BCDB is
deployed to work between your application and your existing databases, enabling
data to be written to both the BCDB, as well as your existing database while
allowing programmers to work within the systems they are already using. This
patented process enables greater security without sacrificing usability or
engendering the need for additional training. BCDB also enables enterprises to
easily permission data based on employee needs or regulatory compliance, like
GDPR or HIPAA.

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"Over the last 40 years we have managed to gain the trust of
the biggest actors in our industries, oil and gas, nuclear and mining,
operating all around the world in high risk conditions, delivering the best
maintenance solutions. Trust is the new currency today, and we're happy to
build that further by better processing the data and delivering better results
for our clients, teams and environment. Blockchain is one of the cutting edge
technologies that will significantly benefit Dietsmann's Data Lab and help us
not just secure our sensitive information but also open new ways of
collaborating with our main clients and suppliers," said Peter Kutemann,
President and Founder of Dietsmann. "Modex Blockchain Database infrastructure
allows Dietsmann to be up and running on a private blockchain infrastructure at
low cost in a matter of days, with high efficiency and minimal effort from our
technical team."

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Modex BCDB has been deployed to customers across the financial,
retail, transportation, healthcare, public administration, and energy sectors.

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Key features of the Modex BCDB platform include:

Easy Deployment

• Deployed on prem or
  in any cloud infrastructure (AWS, Azure, Google Cloud).
• Inserted between the
  server side code and your existing databases to allow data to be read from both
  the BCDB or your database directly.

Data Security and Traceability

• Ensure the integrity
  of your data by validating the record signature with a copy stored in the
  blockchain immutable ledger.
• Reconstruct any
  unauthorized record modification by restoring the data to the original version.

Real-Time Backup

• Maintain full data
  nodes capable of reconstructing new BCDB instances from scratch for every lost
  data node.
• Eliminate the need
  for storage-intensive snapshots.

Regulatory Compliance

• Define sub-networks
  to achieve specific configuration for restriction of data synchronization.
• Achieve data
  synchronization on the group level data based on regulatory needs related to
  industry and geography.

Encryption

• Default, continuous
  encryption.
• Database agnostic.

Pay-per-Use with Customized Enterprise Pricing

• License-based, with a
  pay-as-you-go model.
• Certain number of
  free transactions to support the growth of new adopters.

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Learn more and get started risk free at https://modex.tech.

About Modex

Founded in 2017 by Mihai Ivascu, Modex began as a platform
for developers to help them build DApps without learning blockchain-specific
code. Upon realizing the challenges of blockchain extended beyond development
into deployment itself, the company sought a way to bring blockchain to
businesses. Modex has offices in London, Gibraltar, Bucharest, and a newly
opened Silicon Valley location, where the team will focus on business
development. The company employs over 60 developers, business architects, and
designers.

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Modex - The Blockchain Database Company

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