The system of modum.io records environmental conditions while physical products are in transit. When a change in ownership occurs, the collected data is checked against a specific smart contract in the blockchain. This contract validates that the transaction meets all of the standards set out by the sender, their clients, or the regulator and triggers various actions: notifications to sender and receiver, release of goods, payment, etc. In the last months modum.io successfully completed paid pilots. “Now we are integrating our system into the offering of a last mile service provider and entering the market together with a significant pharma distributor in Switzerland”, explains modum’s CEO Malik El Bay. The hardware engineering of the sensor is completed and modum.io is ready for mass production in Q4/2017.

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