On September 19th
Modex announced the launch of its blockchain database platform (BCDB), aiming to reduce project deployment time. Leading oil and gas firm Dietsmann is participating in the pilot. The BCDB platform will be applied to the company’s Data Lab to increase efficiency and security in oil rig operation.
Modex was founded in 2017 with an initial focus on developers as a platform for building decentralized applications (DApps). Last week’s pilot heralds a move by the firm to enterprise products. Its BCDB integrates with existing databases, allowing fast and cost-effective deployment while providing the immutability and security afforded by blockchain.
Dietsmann primarily works on maintaining oil rigs to ensure efficiency and safety. With blockchain, the firm hopes to modernize its database without having to integrate an entirely new system.
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