Modum is a data integrity platform that uses Internet of Things sensors together with blockchain technologies to provide security to physical products and their supply chains. Modum Internet of Things sensors are continuously recording environmental conditions around a product and then streams the information to Modum’s Ethereum smart contracts. Using this information, the time and place of a change of ownership can be determined and checked against pre-set values to see if it follows the supply chain plan. When it has validated all the details, the smart contract can trigger payments, notifications, or the release of other goods. Modum offers users a fully functional back-end analytics system.
Modum (MOD) Ethereum tokens will be used to fund the bug bounty program and incentive users to use the platform through its profit-sharing program.