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Oil and Gas Giant Pilots New Blockchain Platform From Modex

Crypto Currency

Oil and Gas Giant Pilots New Blockchain Platform From Modex


Blockchain startup Modex announced the launch of its blockchain-based database platform for simplified blockchain deployment, which will be piloted by Dietsmann, a major oil and gas firm.

Simplifying blockchain adoption 

On Sept. 19, Modex announced the release of its latest product, the Modex Blockchain Database platform (Modex BCDB) which simplifies the way companies can deploy blockchain technology projects.

According to the announcement, Modex BCDB enables companies to start blockchain projects in just a few hours, instead of days or even months. Mihai Ivascu, CEO and founder of Modex said:

“With the launch of Modex BCDB, we’re excited to usher in a new era of enterprise blockchain adoption. We’ve developed Modex BCDB specifically with enterprise needs in mind in order to counteract the high barriers to adoption that have typically kept businesses on the sidelines.”

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In an interview with Economica, a Romanian local newspaper, Ivascu said that he was having several discussions with the Romanian Bank of Commerce (BCR). At this stage, the BCR is not yet using Modex’s solutions.


Oil and gas giant Dietsmann, which was founded in 1977 in the Netherlands, is one of the first partners to bring Modex BCDB to its industries. The firm specializing in maintaining the production facilities of other companies. 

Peter Kutemann, president and founder of Dietsmann said that blockchain will significantly benefit the company and open new ways of collaborating with its main clients and suppliers, adding:

“Modex Blockchain Database infrastructure allows Dietsmann to be up and running on a private blockchain infrastructure at low cost in a matter of days, with high efficiency and minimal effort from our technical team.”


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