Oil And Gas Giant facilitates Modex’s development of the Modex Blockchain Database

Home » Oil And Gas Giant facilitates Modex’s development of the Modex Blockchain Database

Modex, a Blockchain startup, has recently made an announcement concerning the launch of its blockchain-based database platform. A major oil and gas firm Dietsmann has piloted this project that will facilitate simplified blockchain deployment.

The release of its latest product, Modex Blockchain Database platform (Modex BCDB) — Modex’s latest product which is anticipated to simplify the manner firms usually deploy blockchain technology projects— was released on Sept. 19.

With Modex BCDB, companies will not need months or even days to commence their blockchain projects but just a few hours.

In that perspective, Modex’s founder and CEO Mihai Ivascu said:

“With the launch of Modex BCDB, we’re excited to usher in a new era of enterprise blockchain adoption. 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.”

Ivascu even revealed to a Romanian local newspaper Economica, during an interview that he recently held a number of discussions with the Romanian Bank of Commerce (BCR) before Modex’s solutions were unveiled.

Being amongst the first partners to bring Modex BCDB to its industries, Oil and gas giant Dietsmann was founded in 1977 in the Netherlands. Its area of specialization is the maintenance of production facilities of other companies.

Dietsmann founder and President Peter Kutemann said that blockchain is beneficial to the company as it allows for main clients and suppliers to collaborate effectively, adding:

“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.”

In a nutshell, a higher level of data integrity, security and auditability will be achieved when enterprise’s existing databases are integrated with Modex BCDB.

Source: https://cointelegraph.com/news/oil-and-gas-giant-pilots-new-blockchain-platform-from-modex

Leave a Reply

Your email address will not be published. Required fields are marked *

The following GDPR rules must be read and accepted:
This form collects your name, email and content so that we can keep track of the comments placed on the website. For more info check our privacy policy where you will get more info on where, how and why we store your data.

Play Games for Bitcoins or $/€

Read Full Review at Tunf.com