Modum has a working temperature logger prototype, which was used to track shipments in several pilot projects within Europe and to the Middle East. modum is currently launching the first generation of its own, proprietary sensor device based on findings from each pilot. go-to-market strategy is regulatory driven, based on new requirements placed on the pharma industry.
Blockchain for supply chain
“Blockchain for supply chains” has become a prominent, and very promising application scenario for blockchains, enabling transparency between untrusted partners and traceability throughout production processes.The advantage of using blockchain technology in the supply chain is that it provides an open, immutable, global, online ledger for transactions, which includes a verification mechanism. resources to building new platforms
and fostering international collaborations.
The first product of modum.io offers an efficient system to comply with recently tightened regulatory requirements for the transport of medicinal products for human use in the European Union. Chapter nine of the Good Distribution Practice regulation (GDP 2013/C 343/01) now requires proof that shipped medicinal products have not been exposed to conditions (particularly temperature) that may have compromised their quality. National regulatory bodies enforce GDP regulations on the over 10,000 wholesale distribution.
modum.io offers a more efficient supply chain solution, which enables companies to prove compliance with GDP regulations using blockchain and Internet-of-Things (IoT) technology. The modum solution allows significant cost savings for the distribution of medicinal products that do not require active cooling. Easily integrated with existing customer systems, capable of being rolled out painlessly, with no gateways. Designed for pharma standards with a calibrated temperature sensor.
modum.io has developed a system with the above design focus, leading to the following features and USPs Before shipment occurs, the temperature logger ID, shipment ID, and
alarm criteria are fixed within a shipment-specific smart contract. Upon receipt, this smart contract will allow receivers to check that regulations have been met. The evaluation criteria cannot be changed retroactively. During the shipment, the temperature monitored, whereby the data is stored in the internal flash memory of the logger.
Users will first set the temperature ranges, measurement intervals etc. using dashboard. During the packing process, the operator scans the shipment information (e.g. tracking number), receives the serial number of the temperature logger and places it in the corresponding package. This process can be accelerated in an industrial setting, using NFC. In the back-end, shipment-specific smart contract is called. The temperature measurement starts either immediately or after a predefined time.
The modum temperature loggers must mitigate various risk and attack scenarios. With potentially thousands of loggers in circulation there is a credible risk that the hardware is subjected to physical disassembly, tampering, or manipulation of its firmware and flash memory. The housing itself is tamper-resistant and water-proof. All components with a serial number are registered in the authorized device database to identify forged, tampered-with, and stolen loggers.
Business & pricing strategy
By using modum system, depending on market segment and volume, costs per shipment can be reduced by up to 60%. With respect to the 200 million shipments of pharmaceutical products in the EU, a widespread adoption of the modum system or competing services has the potential to reduce industry-wide expenses by approximately 3 billion USD. The modum.io solution is offered in an easy “pay-per-shipment” model. It has been shown in the market studies and pilots that customers would pay up to 10 USD per shipment.
Malik El Bay CEO
Sacha Uhlmann CTO
Dr. Stefan Weber COO
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