Modex’s Smart Contract Marketplace aims to tackle the ‘last mile’ adoption problem by bringing to market an app store for the blockchain. It aspiration is to bring blockchain technology into daily use for everyone, by facilitating access to multi-protocol smart contracts.
Mihai Ivascu, Modex’s CEO said: “Modex is more than a smart contract marketplace. It’s a suite of tools designed to help blockchain developers write, deploy, manage and monitor both smart contracts and private blockchains in an easier and more seamless way.
“On top of the dev tools, the platform will provide enhanced blockchain tools that enable developers and companies to easily deploy multiple types of private blockchains. The purpose is to make running and deploying to a blockchain as easy as building a simple web app.”
Modex Smart Contract Marketplace
The Modex Smart Contract Marketplace provides a forum for developers to:
- showcase skills
- offer smart contract solutions to buyers and/or other developers.
It provides a way to find smart contracts which meet real-world needs. For enterprises the attraction will be that they can avoid having to scout, then hire developers and manage one-off development projects.
At the same time smart contract-competent developers can build a reputation and pipeline based on their accomplishments. This should enable developers to win clients and deliver recurring revenue against the on-going sale of their smart contracts.
Modex platform implementation
The Modex platform starts by focusing on Ethereum based smart contracts. Later it will support various other protocols which possess smart contracts functionality, such as:
Designed to serve as a central hub for multiple thrd party applications and web platforms to plugin with and deploy smart contracts, the Modex platform will offer advantages for:
- consumer adoption
- enterprise cost savings
- developer tools
- community trust and engagement
- IP protection
- revenue opportunities for developers.
All centers around the smart contract ecosystem which Modex creates. With these, Modex hopes to encourage developers’ initiatives, stimulating creativity and innovation. Modex’s Smart Contract Marketplace launch comes before its ICO, scheduled for the end of March 2018.
What does this mean
Modex wishes to bridge the gap between businesses and developers, thereby:
- accelerating adoption of blockchain technology
- becoming the ‘App Store for the Blockchain’.
Building ecosystems which work is an ambitious target. That said, the smart contract ‘world’ is a confused place. There are many contradictions and stories like the DAO implosion have not communicated reliability.
If Modex can deliver, the smart contract environment may gain higher ground. The presence of an ICO does not give ET as much confidence as Modex might like.