Review on Modum by francis fernandez
Modum: Voting passport and profit sharing
Companies that function as supply chains for goods and services constitute a complex structure that includes the supervision and control of multiple departments and regulations; that it is impossible to manage efficiently through manual procedures.
In this sense; supply chains need to automate and systematize their processes and standards in order to give global coverage to the cycle of creation and delivery of their products.
Faced with this problem, Modum represents an ideal technological solution based on supplying software tools that allow automating procedures in industries, monitoring production and distribution processes, reducing costs of human and financial resources, quality control and compliance with legal regulations.
Modum connects the supply industry with blockchain transaction digital commerce.
Modum is a platform focused on blockchain technology that offers reliable solutions to industries and allows you to:
• Efficient exchange of valuable data.
• Reduce cases of unreliable providers.
• Privacy in your operations.
• Effective processes.
• Build automated systems for complex processes.
• Use smart and decentralized procedures.
• Comply with rigorous quality standards.
• Minimize risks of loss of goods and waste of materials and time.
For the digitization and execution of operations on your network; Modum uses its cryptocurrency, the MOD token. It is a digital asset dating from 2017 that also grants its holders voting privileges and profit sharing.
Pros
- Shareholders can obtain MOD for positive votes cast
- The MOD token grants benefit to share in profits to shareholders
- MOD tokens are guaranteed in smart contracts
Cons
- Low value of digital currency
