Modum

Modum is a Switzerland-based startup that focuses on creating trusted digital ecosystems for sensitive goods with the slogan "From Finished Product to Consumer." Established in 2016, Modum offers a digital supply chain monitoring and optimization solution leveraging cutting-edge blockchain and IoT technology. The company collaborates with Swiss Post and SAP, reflecting its robust industry network. Modum's flagship solution targets the pharmaceutical industry, addressing the need for data integrity in supply chain operations. It enables pharma distributors to efficiently meet regulatory obligations under Good Distribution Practice (GDP) by providing user-friendly deviation management through a web application. Additionally, the solution offers instant notifications for temperature excursions and other relevant events, further ensuring product quality and compliance. The startup successfully secured a significant initial coin offering (ICO) investment of $13.20M on 02 September 2017, with Andreas Schwartz serving as the primary investor. This investment aligns with Modum's innovative approach to integrating blockchain, IoT, and enterprise management systems, such as SAP, into supply chain workflows. It sets the stage for further process automation and reliable track-and-trace systems, enhancing overall operational efficiency and transparency. Modum's expertise spans across blockchain, crypto, information technology, internet, life sciences, and supply chain industries, positioning it as a promising player in the digital transformation of sensitive goods' supply chains. This strategic focus and notable investor support underscore Modum's potential to address critical industry challenges and drive impactful innovation.