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Home News Social Payments App Moneymailme Announces Development Of A New Blockchain Platform Called...

Social Payments App Moneymailme Announces Development Of A New Blockchain Platform Called Modex Marketplace

The award-winning fintech social payments app company Moneymailme has announced that Modex — its smart contract marketplace — will open to a wider participation base with its much-anticipated ICO scheduled for early October.

Modex aims to bridge the gap between businesses and developers, in order to vastly accelerate global adoption of Blockchain technology. Given the emerging norm for ‘borderless’ transactions, distributed ledger technology (aka the Blockchain) has opened the door for a new world of “data exchange”, facilitated through Smart Contracts.  

Mihai Ivascu, Moneymailme CEO and founder, stated in London: “Moneymailme’s next chapter centres on Modex Smart Contract Marketplace, the infrastructure needed to integrate Blockchain capabilities with apps like ours. The fact that we’ll be packaging and delivering the platform with our financial partners who’ve developed practical uses for the tool in the UK and rest of Europe is really exciting. Modex is a game-changer.”

Designed to serve as a central hub for multiple 3rd party applications and web platforms to plugin with and deploy smart contracts, Modex Marketplace will incorporate significant advantages for consumer adoption, enterprise cost savings, developer tools, community trust & engagement, IP protection, and revenue opportunities for developers, all centered around our smart contract ecosystem.

The infrastructure will initially be built on top of the Ethereum Blockchain protocol and will eventually incorporate emergent protocols that also support smart contracts. Ethereum is by far the most trusted, and widely used smart contract platform making it an obvious place to start.

The Modex team brings together some of the most experienced individuals from across Europe, North America, and Asia with specialized talent in financial, security and Blockchain development, and senior experience at Fortune 100 companies such as Oracle, and IBM. The team is tasked with building a one-stop solution for value- based transactions within the Modex ecosystem. This includes an all-in-one stop for developers and buyers of Blockchain-based smart contracts, and an infrastructure to facilitate widespread deployment.

Strategically timed for an October opening, the Modex ICO will last for 30 days or until its cap is reached, which may be as short as three days according to some experts in initial coin offerings. Precise dates will be announced shortly. Modex implementation is programmed to begin in late December 2017 with the official launch in Q1 of 2018.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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