Modex, a blockchain technology provider, today announced it has selected C5 Accelerate Advisory to assist Modex with its expansion into the U.S. market. The London/Bucharest-based company will open an office in Washington, D.C. to help businesses and municipalities secure their operations with blockchain.
With its flagship BCDB (Blockchain Database) product — Modex brings several firsts to the industry, which lead its charge into the US market. Modex seeks to support businesses and municipalities to 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.
“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 unrivaled advantages to enterprises through data security, and time and cost-related benefits.”
– Mihai Ivascu, Modex CEO and Founder
C5 Accelerate is a London and Bahrain based technology investment firm. C5 Accelerate Advisory (C5A2) offers bespoke advisory services to private sector clients looking to break into challenging markets.
“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’s 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.”
– Daniel Dammann, Director of C5A2
