C5 Accelerate Advisory will assist Modex with its expansion into the U.S. market as the London/Bucharest-based company seeks to establish an office in Washington, D.C. to help businesses and municipalities secure their operations through blockchain technology.
With the innovative BCDB (Blockchain Database) product – which brings several firsts to the industry – leading its charge into the US market, Modex seeks to support businesses and municipalities secure their operations against ransomware attacks, protect their data from insider threats, and provide secure data sharing between distributed organizations. The Washington, D.C. office will be Modex’s second U.S. office, following its initial move into Silicon Valley in 2019. Modex has seen great traction in Europe over the last two years, having closed deals with leading companies across multiple industries, and now looks to bring the cost and time-related advantages of blockchain technology to US healthcare, finance, and public sector customers.
Mihai Ivascu, Modex CEO and Founder commented: “I am delighted to announce this partnership with C5 Accelerate Advisory, a valued industry player which will support our evolution in the U.S. market. Developed by leading blockchain professionals, our enterprise solution is a new take on blockchain technology which removes the need to invest resources in blockchain training and facilitates the fast adoption of the technology in businesses. Modex BCDB is able to transform, with minimal changes, any type of database into a decentralized database which holds the same valuable characteristics inherent to blockchain technology – transparency, increased security, data immutability, and integrity – bringing unrivalled advantages to enterprises through data security, and time and cost-related benefits.”
C5 Accelerate Advisory (C5A2) offers bespoke advisory services to private sector clients looking to break into challenging markets. We map, match, pursue, and monitor opportunities on behalf of our clients, continuously working to position them for success through thought-leadership engagements and targeted media strategies.
Daniel Dammann, Director of C5A2: “We are delighted to assist Modex with its expansion into the U.S. market bringing cutting-edge technologies to critical industries. Our team looks forward to building on Modex’ early success in Europe to expand into U.S. industries that stand to gain immensely from their BCDB solution. C5A2 is uniquely positioned to assist Modex with this expansion. Leveraging C5’s global, cross-industry networks and deep experience in U.S. public and private sector business development, the sky is the limit as to what Modex can achieve in the next couple of years.”
About C5 Accelerate
C5 Accelerate (C5A), of which C5A2 is a part, is a start-up accelerator enabling a secure digital future by accelerating world-class teams and technologies through its global business accelerator program based in Washington, D.C. We work with entrepreneurs to build a secure digital future while providing a turnkey solution to companies looking to provide their innovations to the frontlines of national defence.
C5A and C5A2 are both part of the C5 Group headed by C5 Capital, an investment firm that exclusively focuses on cybersecurity, space, artificial intelligence, and cloud-enabled technologies.
Modex is promoting the adoption of blockchain technology and strongly believes in a future built around blockchain. Modex offers fully integrated services designed to solve the last mile adoption problem of blockchain and aims to make blockchain user-friendly for every single device and person. At Modex, we can innovate thanks to our incredible team of experts and we offer services for the entire blockchain technology ecosystem: Marketplace for Smart Contracts, community tools for developers, and blockchain as database services for enterprises. In just over two years, using cutting-edge technologies and with a clear strategy, Modex has evolved from the world’s first app store for blockchain into a complex ecosystem designed for developers’ needs and enterprises looking for blockchain solutions. Our mission is to spread and facilitate the adoption of blockchain into society and to solve real-world problems using this revolutionary technology.