Sleeping Giant #3 - MODUM (MOD): An Incredible Long Term Hold

SLEEPING GIANT #3

MODUM (MOD)

Modum plans to join WaltonChain in disrupting the supply chain industry. It will use blockchain technology, smart contracts and sensory devices to ensure the safety of products being transported over large distances.

Its initial focus will be towards the pharmaceutical industry. It is essential that shipped medicinal products have not been exposed to conditions (particularly temperature) that may have compromised their quality. By integrating sensors into medicinal shipments MOD can monitor temperature while the product is in transit. All data is recorded into the Ethereum blockchain, ensuring full transparency, accountability and data integrity. If there is a temperature deviation at any point during the entire process, the sender/receiver will get a notification to inform them of the anomaly. This represents a cost-effective way of monitoring temperature changes along the medicinal supply chain.

In the long-term, Modum will aim to provide a platform for data integrity using IoT technology to monitor all of the conditions that affect physical products while in transit. They are interested in monitoring a wide range of environmental variables from moisture, light, acceleration, and sound to chemical exposure and specific levels or balances required.

Modum's team looks solid, including their CEO who is a mechanical engineer and has held a senior product and tech management role at GoPro. Their development team is filled with individuals who specialise in sensory equipment, Internet-of-things (IOT) and blockchain technology.

Modum also has an impressive list of strong advisors in the pharmaceutical, investment banking industry and computing industry, including Michael Schaer (Founder of Schaer Pharma), Werner Sporri (Chairman of S&K Partners) and Pascal Degen (Director at Novartis).

With a road map that extends to 2020, Modum is a long term hold. In Q1 of 2018 they plan mass production of their sensory devices and the development of the product ecosystem, together with integration with Ethereum blockchain. They’re also looking to explore integration with other blockchains that includes IOTA, NEO, Fabric, ETC or Rootstock. Full product completion is estimated to occur in Q1 of 2020.

Modum has a market cap of $33.7 million and a circulating supply of 17 million, therefore it certainly has plenty of room to grow. It is currently trading at $1.94 and is #146 on CoinMarketCap. You can pick it up on Binance.

https://coinmarketcap.com/currencies/modum/
https://modum.io/