On June 6, 2019, Modex, a blockchain company, will deploy its special ops team to London at the Startup Grind Europe Conference, a global event which aims to stimulate collaboration, growth, and friendship between the world’s entrepreneurs and startups.

The road to Startup Grind

Between March 25th and June 14th, Modex took part in the boot camp of Romanian Commercial Bank (BCR) InnovX accelerator program alongside other nine start-ups. Modex ensured its place at the Startup Grind Europe Conference by showcasing its new project, Modex BCDB, a solution which facilitates a seamless transition to a blockchain infrastructure.

InnovX is a business accelerator partnered with Mindspace, Startup Grind, European Center for Services Investments and Financing and other Financial Institutions from Bucharest which aims to attract the most promising startups from FinTech in Bucharest to access the European market and European Commission grants and loans for innovation.

Startup Grind Europe Conference

This year the Startup Grind Europe Conference aims to build upon the foundation laid in previous editions but increase in scope and magnitude. As such, the conference will welcome over 3 000 startups, investors and innovators at the London stage to shed light on the current situation and future of startups, venture capital, artificial intelligence, fintech and more. Key players in the industry will attend the events and act as speakers in order to talk about the latest trends and shifts in the market. Participants will get the opportunity to integrate into a cohesive and friendly environment, ideal for networking, building friendships, and of course engage in discussions and exchange ideas with like-minded individuals. What set Startup Grind apart from other similar events is a set of core values which they do not stray from: “We believe in making friends, not contacts. We believe in giving, not taking. We believe in helping others before helping yourself.”

2019 brings forth a series of changes. The Europe Conference Exhibitors list is split into two programs: grind and growth. Grind startups are earlier stage and have raised under USD 3 million in funding, whereas Growth startups are situated into their growth phase, having raised over USD 3 million. The top exhibiting startups (all Growth and Top 20 Grind) will also be inducted in the brand new, invite-only community, Accelerate. Accelerate is designed to give fast-growth startups from across the world the tools and resources they need to accelerate their business.

Modex at Startup Grind

Modex will be represented at the conference by CTO, Alin Iftemi and Head of Custom Development, Dragos Rautu who will set up an exhibition stand to showcase Modex Blockchain as a Database (BCDB), a new innovative take on blockchain integration which fuses the disruptive technology with a traditional database system.

In general, enterprise products are structured in three segments: a front end application, application server, and database. Modex BCDB is a solution which enhances the communication between the application server and database with a blockchain layer. This innovative approach allows companies to tap into the benefits of both worlds, to maintain the familiarity and advantages of a traditional database front end, with all the advantages of a blockchain back end. What makes Modex BCDB stand out is the fact that it has a minimally intrusive approach, which means that enterprises are not required to rewrite their entire database and migrate it to another system. Clients maintain their database framework and accumulate the advantages of blockchain technology, like data decentralization and immutability. Blockchain technology has a game-changing impact, but it is a waste of resources to migrate the whole database to the blockchain. With our system, clients are free to choose relevant data which makes sense to be on the blockchain, cryptographically secure it and control access through a permission management system.

Modex BCDB is system agnostic. This means that we are able to connect our blockchain solution to every relevant database from the market with a plug and play approach to implementation, which drastically reduces the transition process from a couple of months to a matter of hours.

About Modex

Modex is a blockchain enabling platform which radically simplifies blockchain deployment so businesses can balance security and innovation. Designed from the ground up as an on-demand enterprise blockchain infrastructure, the company started from a simple question: what if blockchain was as easy to use as an API? Our solution is a platform which has you up and running with your first project in under 48 hours. The Modex platform was built for businesses frustrated with expensive consulting contracts and prolonged development timelines. Now you can secure and share your data without handing it over. With Modex, blockchain becomes a simple utility you can use when and where you need it.

About Startup Grind

Startup Grind is the world’s largest independent startup community, which actively educates, inspires, and connects more than 1 500 000 entrepreneurs in over 500 chapters. The community nurtures startup ecosystems in 125 countries through events, media, and partnerships with organizations like Google for Startups. At the heart of the Startup Grind global community are monthly events which feature successful local founders, innovators, educators, and investors who share lessons learned on the road to building great companies. Founded in Silicon Valley, Startup Grind has helped millions of entrepreneurs build their businesses, connect with strategic partners, and secure funding.

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