CEO Update, February 2019


CEO Update, February 2019

CEO Update

February 28, 2019

February has been an exceptional month with respect to so many metrics. New team members joined Modum and will start their work with us soon, we had important interactions with numerous major external stakeholders and are continuing to push our sales and marketing efforts. In this month’s update, I will provide a short outline of the most important advancements and events.


In last month’s CEO Update I talked about how our new team structure is already driving the business forward and what positions we were recruiting for. Today I am really happy to announce that, as of March 1, four new team members will join us in Sales, Finance, Engineering and Communications. Let me introduce Caterina who will start as our Public Relations & Corporate Communications Manager. In this role, she will be leading our external communications, interacting with media, clients, token holders, and the public. She is taking over from Mike who is leaving Modum to pursue new professional endeavors. Please join me in thanking Mike for all his work since the start of Modum and, wishing him all the best for his next adventure, please also join me in welcoming Caterina to Modum.



As outlined in the last update, we attended this year’s Temperature Controlled Logistics Conference (TCL) in London. Our presence at the conference was very well received and we were able to engage with several new high-profile targets. This outcome underlines the value of our next major business development conference, LogiPharma in Montreux from April 9-11. Please mark this event in your calendars, we would be thrilled to meet you there.

At the SAP Co-Innovation Day, our team also provided a sneak peek into how MODsense works together with SAP’s brand-new Global Track & Trace (SAP GTT) solution. SAP GTT is SAP’s latest solution for tracking the status and fulfilment of processes and goods in transit across a company’s global inbound manufacturing and fulfilment chain. Modum ensures interoperability with the integration of MODsense into SAP GTT, which closes the gap between sales-order processing, shipment localization, and monitoring of environmental conditions. This integration is an important step for MODsense in order to even more seamlessly integrate into existing process management software solutions. We will share more about this topic soon, watch this space.

The next months will be packed with exciting events such as the Swiss Federal Institute of Technology’s (ETH) career fair on March 2, the single largest academic IT recruiting event in Switzerland. In March, we will also be present at the sold out executive seminar "SCM 4.0 - Smartes Supply Chain Management im Digitalen Zeitalter", organized by the Institute of Supply Chain Management at the University of St. Gallen (HSG). On March 25, a delegation from Modum will attend the SAP Postal Innovation Council 2019 in Madrid. On April 3 and 4, we will be attending the SAP Campus Forum in Basel. In the next CEO update I will share more upcoming events.

Einstein, the Swiss television knowledge series has included us in their program about blockchain. The feature is called "Understanding Blockchain: the digital future is decentralized" (German title: "Blockchain verstehen: die digitale Zukunft wird dezentral") and airs on February 28 at 10:25 pm CET.


Community Engagement        

As we announced on our Telegram and Twitter channels, our MOD Token was delisted from Binance and Mercatox, the exchanges with the highest trading volume. We took the opportunity to address the questions of our token holder community in an "Ask Me Anything" (AMA) event where Marc Degen and myself participated as representatives of Modum. Many good questions were raised and it was great to see such commitment to the MOD token and the level of support for Modum. You can read a summary of the AMA hereIn fact, we are evaluating holding AMAs on a more frequent basis – I’ll keep you posted.



This month, I also had the chance to do an interview with Altcoinspekulant, where I was asked to give an outlook on what Modum is currently working on and will be tackling in the coming months. To summarize, our core goals are commercial growth and international expansion. Our focus lies on establishing a strong market position in the DACH region (Germany, Austria, Switzerland) with a profitable product offering. As we continue to learn from our customers, we will evolve MODsense by exploring new use cases in addition to pharma. For example, the transport of medical supplies, perishable food, or sensitive electronics. As the industry becomes more familiar with IoT and blockchain applications, the demand for using our solution to serve other phases of the supply-chain is increasing. We are in the process of singling out the most profitable use cases to work on. As you can read, there is a lot in the pipeline – stay tuned for more. 

I am looking forward to a successful March and wish all of you the same. Thank you for your support.


– Simon Dössegger, CEO

February 28, 2019