Review on Modum by Fanuel PORPORTY
Modum is a blockchain project focused on the supply chain of the pharmaceutical industry.
Founded in 2016, modum AG is a technology startup that develops systems to improve logistics processes by combining the best of blockchain and IoT technology.
Modum strives to make all customer business processes more efficient and streamlined through the use of emerging technologies. Modum works with its customers to find pragmatic solutions that allow their own customers, often end users, to benefit from the most innovative technologies on the market. These same technologies are to help customers reduce costs and increase security, transparency and profit
Pros
- The Modum token (MOD) is a profit share token with voting and profit participation rights.
- Modum already has a prior track record since 2016, with numerous pilot tests being completed on its technology.
- Modum has also forged key partnerships
- The pharma industry is only the first use-case for Modum’s technology, and given that Modum plans to extend their tracking sensors by integrating other environmental variables (e.g. light, humidity, acceleration) gives them an edge in penetrating supply-chains in other industries. This will open up different markets for Modum for future expansion
Cons
- Modum’s foray into the Pharma industry – though solving a real business need – is contingent on the enactment of EU regulations that strictly monitors deviations of the temperature of medicinal products.
- MOD tokens could very well be under the definition of a “financial security” as it mimics the characteristics of shares in a company. Since holders of MOD tokens are entitled to voting and profit-sharing rights, different countries may impose regulatory tax burdens on holders
- Not listed on coinmarketcap
