Swiss Post will rely on Venture Kick alumnus ICT technology
30.04.2018
modum, provider of IoT and blockchain solutions, will cooperate with the mailing company to deliver safe drug shipments. Together, they work on a temperature-monitoring solution enabling regulatory compliance for shipments containing medical and other temperature-sensitive products.
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 Co Founder Malik El Bay and CEO Simon Doessegger
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The Swiss startup based in Zurich has started its collaboration with Swiss Post back in summer 2017. Since then, the two company have been running initial pilot projects and have been working towards the integration of modum’s temperature-logging devices within the Swiss Post’s track-and-trace system. Fully wireless and digital, the startup’s solution provides the pharmaceutical industry with a reliable and scalable process for monitoring the state of goods as well as demonstrating legal compliance to auditors. The solution is delivered to distributors on a per-shipment basis and its data is stored in a secure, blockchain-based data-management system allowing for efficient audit by regulators. Customizable, the solution will first demonstrate its efficiency with Swiss Post and will be then replicated for other major logistics providers across Europe.
About modum
Located in Zurich’s Technopark with links to Zug, the home of “Crypto Valley”, as well as Basel, a hub for major pharma players, modum is well positioned to be developing innovative and trusted monitoring solutions for pharma logistics. The company benefits from strategic partnerships with the University of Zurich and the University of St. Gallen as well as leading industry partners, including Variosystems AG and a co-innovation partnership with SAP SE. In 2016, the startup won CHF 30,000 of seed money with Venture Kick.
Based on press release from modum
About modum
Located in Zurich’s Technopark with links to Zug, the home of “Crypto Valley”, as well as Basel, a hub for major pharma players, modum is well positioned to be developing innovative and trusted monitoring solutions for pharma logistics. The company benefits from strategic partnerships with the University of Zurich and the University of St. Gallen as well as leading industry partners, including Variosystems AG and a co-innovation partnership with SAP SE. In 2016, the startup won CHF 30,000 of seed money with Venture Kick.
Based on press release from modum