One of the tokens (ERC20) I’m following, almost to the point of obsession these days, is Modum.
One reason for this is an overdue partnership announcement, to which I have big expectations for (as a token holder).
But, most of all, the wonderfully unique product it is building and how it fits perfectly into the ever-evolving Blockchain space. (Blockspace, anyone?🤷🏼…nvm, I’ll show my self out…)
Modum is creating a monitoring sensor, specifically suited for aiding logistics companies and medical companies assure that their shipments within Europe is compliant with the GDP 2013/C 343/01 regulation from the European Commission. Now, most people don’t memorize European Commission Guidelines — neither do I.
However Modum’s website elaborates more on the importance of this regulation on their website.
Chapter nine of this regulation requires proof that shipped medicines have not been exposed to conditions, particularly temperatures, that may compromise their quality. These regulations are now enforceable across Europe.
This is a requirement that a Blockchain solution is obviously suited for, and with 716 million residents within the EU, where these requirements can be enforced — Modum has the potential to seize a huge market for its products.
Another interesting factor about Modum is that it announced, in its CEO update of December 2017 , that it has closed a contract with a “$5+ billion revenue logistics provider”.
When those news hit, on December 30th at around 17:00 UTC+2 Modum was at 3,53$ — a few hours later, it had climbed to 7,79$.
It is also interesting to see that while Modum more than doubled its value in a few hours, it happened on a day where Bitcoin started at 14,650$ — and by the time Modum had reached its peak at 7,73$, Bitcoin was over 10% down.
Now, it is worth noting that in the same CEO update of that day, Modum announced that the name of the partner would be revealed within Q1 2018, and that deadline has since passed without the announcement.
However the CEO update specifically states that the contract is “closed” and in the March 2018 CEO update this partnership is reaffirmed, and it appears that some “final approval” from the partners PR department is whats been holding back this delay.
Now this, of course, opportunities to make fun of Modum, as a Swiss company not being able to keep time , I’m sure there’s a great amount of punchlines to extract from that simple fact. But I’ll try and focus my limited attention span back on Modum..
You see, there are other interesting factors about Switzerland, except chocolate and shitty timekeeping and (oops).
Switzerland is home of two huge pharmaceutical companies; Novartis and Hoffman-La Roche. These are both international, and with multi-billion revenue. And it just happens to be that in the back yard of these companies, Modum is gearing up production of sensors that might be essential, and perhaps even required by law in some cases, for these companies to ship their products.
Now there is no immediate indication (that I am aware of) that Modum will get these on a client list anytime soon, the partnership announced back in Dec’ 2017 was specifically named as a Logistics partner. But the fact that Modum did a 50% jump when news of that partnership was revealed is worth noting when you take into consideration that Novartis and Roche both had a 50+ billion revenue in 2017.
To me, Modum seems like a very promising investment. I am not in it for more than a few hundred bucks right now, but for reasons mentioned in another article i posted the other day, I have some months to decide what cryptos I am going to bet on for the next 5 years. So I am trying my best to do a complete due-diligence and thorough research of every investment that I make.
My conclusion so far is that Modum, as of right now, is not just a keeper. But one of the most promising discoveries that is on my watchlist.
I never mind any tokens of appreciation (pun intended) via the Blockchain, either. All contributions will be put directly into my 5-year-fund, which I will reveal more details about in coming articles.
Tip Jar:
BTC: 14iKgia5wtdjmLXs7QiJui3Sb6KVP6XebL
ETH: 0x913c1CD95Dc971B304C5217831102E350230efaB
BCH: qq5tjpm0jv460tvk4pa050pwc6u2aj46gs2tce2rd4
NEO: ARdd2cqCSajpzkSZGFtSqAPvBLYcquD7WH
Haven if you haven’t heard about XHV before, see this article :
hvxyCxSYVGLSysjcLhRUhEfpHX3p9wXjpGNFC7iR84DPewEuZ3BxoYAaC7uUVvMxxVVBWwsxWkzPLPfFqwtVxveE7S9tdCbok4
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