Modum

Modum
Overview
Modum is a supply-chain system that integrates Blockchain technology, smart contracts and sensory devices into a single, passive solution. This integrative solution aims to enhance data integrity across the entire supply chain. Modum’s ICO ended on the 22nd of September, 2017. (Read also: Beginner’s Guide to ICO Investing: How to Participate in ICOs)

Applications
Modum’s initial focus will be towards the pharmaceutical industry, where recent regulatory changes in the European Union requires proof that shipped medicinal products have not been exposed to conditions (particularly temperature) that may have compromised their quality. This, therefore, necessitates expensive procedures to transport medicinal products. In more technical terms, pharmaceutical companies must employ expensive temperature-stabilized trucks and containers via 3rd party logistics providers to transport medicine.

Modum offers the first solution to substantially reduce these costs, by integrating a temperature sensor into medicinal shipments to monitor its temperature. 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’s long-term strategy is to provide a platform for data integrity using progressive 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.

Unique Differentiator
Their unique proposition includes:

First-Mover Advantage: Modum aims to be the first integrated solution in the pharmaceutical supply-chain space. There is a real need for a cost-effective solution that extracts valuable data pertaining to medicinal transportation which is tamper-free, transparent and passive. Modum’s potential target segment could be 60% of the estimated 200 million shipments recorded in 2016
Wide-Range of Applications: In the long-term, Modum aims to expand the applications of its technology by integrating additional sensors that track not only temperature but also humidity, moisture, light and other environmental variables. This allows Modum to venture into the supply-chains of other industries and markets easily
Utilization of Blockchains/Smart Contracts: The use of Blockchain within the pharma supply-chain is a great use-case, especially in an industry that is highly regulated. Modum’s solution records environmental conditions that a medicinal package has been exposed to from the start of its delivery to the end, ensuring data integrity and immutability. This passive strategy makes meeting regulatory requirements extremely easy and efficient.The use of smart contracts serves as an auditing and compliance function that ensures quality assurance aligned with regulations and also consumer satisfaction. Smart contracts also allow pre-programmed parameters to be conceived and executed on the blockchain, ensuring the discovery of any anomalies that could affect the quality of the medicine
Token System
The Modum token (MOD) is a profit share token with voting and profit participation rights. This means that the value of the MOD token is directly linked to the perceived value of the company as well as expected earnings per token. MOD tokens are ERC20-compliant tokens and are similar in characteristics to shares of a company. (See also: Guide to Cryptocurrency Wallets: Opening a MyEtherWallet (MEW))
Voting: Voting rights for holders of MODs pertains to the 30% of MOD supply (9 million MODs) that have been kept on escrow for the Modum team; the holders get to vote on whether the escrowed coins will be unlocked and given to the Modum team contingent on the achievement of specific goals and milestones
Dividend Distribution: MOD holders would be conferred dividends derived from the financial performance of Modum’s business, which would be strategically established by Modum’s Board of Directors (BODs). The dividends will be given in the for, of Ether (ETH)
It is important to note that locked (escrowed) tokens do not have voting or profit-sharing rights.
Modum is spearheaded by their current CEO, Simon Dössegger, a mechanical engineer by trade and has held a senior product and technology management role at GoPro. Their development team is filled by individuals who specialize in sensory equipment, Internet-of-things (IOT) and blockchain technology.

Modum has an impressive list of strong advisors in the pharmaceutical, investment banking industry and computing industry. They include Michael Schaer (Founder of Schaer Pharma), Werner Sporri (Chairman of S&K Partners) and Pascal Degen (Director at Novartis).
Roadmap Ahead
Here is the roadmap outline by Modum’s whitepaper:

modum analysis, modum review

Milestone 1 (22nd October 2017): Management and finalization of the minting/token distribution process
Milestone 2 (1st Quarter, 2018): 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
Milestone 3 (1st Quarter, 2019): Delivery of the next-generation sensor integrated with emerging technologies and additional environmental variable (e.g. light/humidity sensor)
Milestone 4 (1st Quarter, 2020): Delivery of the next-generation sensor with an on-chip blockchain node with the integration of more environmental variables. The complete Modum software will be delivered in a fully decentralized architecture

What is great about the Modum’s token economics is that its circulating supply is low, and therefore has good potential to exponentially increase in value. Given that only 17 million out of the allocated 20 million MOD (hard cap) were minted, its maximum totally supply is decreased from 30 million to approximately 27.2 million MODS. Add that to the fact that their market capitalization is hovering at $37 million USD, I would opine that they have much more room to expand given the success of their pilot tests and the lucrative pharma market they’re trying to enter.
Strengths
Compelling Business Case: Although Modum’s aims to be the Blockchain leader in the supply-chain sphere, they deliberately chose to focus on Pharma industry as their initial focus due to the compelling need of the industry for a viable enhancement solution. But what’s great about this strategy is that the high standards and requirements of tackling the Pharma industry create a feasible precedent for use-cases in other industries. Also, Modum’s solution tackles a relevant, business need
Blockchain Agnostic: Although Modum is built on top of the Ethereum Blockchain, it is currently testing integrations with other Blockchains to expand its applications and to avoid dependency on a single platform. They’re also exploring integrations with Rootstock, NEO, IOTA, Tezos, Hyperledger and Waves blockchain
Broad Applications: 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
Promising Track Record: Modum has had successful pilot tests of its integrated technology, with each successive test churning better results. Their last pilot tests achieved an average readout of 8 seconds for 100% of the shipments, which blew away the customers objective of 95% readouts within 30 seconds
Strategic Partnerships: Modum has a is supported by a wide range of partners, from The University of Zurich to the Swiss Commission for Technology and Innovation, which is an agency of the Swiss Government. This is a positive sign of credibility
Low Coin Supply: MOD’s coin supply is fixed at 30 million, with 17.36 currently in circulation. As the business value of Modum increases, the value of MOD tokens will also increase as it is backed by Modum’s earnings. And considering MOD’s supply is fixed, its value will increase with time as it’s a deflationary token
(Blockchain Service)
Modum combines IoT sensors with blockchain technology to provide data integrity for transactions of physical products, streamlining supply chain processes in many sectors.

Token Sale ended
22 SEPTEMBER
$13,350,000
OF
$16,400,000 (81%)
WEBSITE
WHITEPAPER
social links

MARKET & RETURNS
MOD token price $11.0179 (+0.25%) 0.0081427695 ETH 0.00074134 BTC
24h Volume
$11,832,700
Market Cap
$201,255,165
Returns since ICO
11.02x
USD

2.14x
ETH

2.70x
BTC
These numbers show how much the token price has changed relative to the initial ICO token price.
OUR RATING
Hype rate
NOT RATED
Risk rate
NOT RATED
ROI rate
NOT RATED
ICO Drops score
MEDIUM INTEREST
TOKEN SALE: 1 SEP – 22 SEP
Ticker: MOD Token type: ERC20 ICO Token Price: 1 MOD = 1.00 USD Fundraising Goal: 16,400,000 USD Total Tokens: 30,000,000 Available for Token Sale: 60%
Bonus for the First: 15-30% (SEE SCREENSHOT) Accepts: ETH, BTC, IOTA
SHORT REVIEW
Social Activity Level: NORMAL Number of Team Members: 13 ICO Active from: APRIL 2016 Team from: SWITZERLAND Prototype: YES Registered Company: MODUM.IO AG (SWITZERLAND)
MODUM

$10.90 USD (-0.91%)
0.00074047 BTC (0.47%)
0.00821911 ETH (-10.18%)
Market Cap
$199,108,886 USD
13,526 BTC
150,132 ETH
Volume (24h)
$11,689,800 USD
794.10 BTC
8,814 ETH
Circulating Supply
18,266,200 MOD
Total Supply
27,266,200 MOD
Max Supply
27,266,200 MOD