A company called Modex is looking to make it easier for companies to adopt decentralized computing solutions. To that end, it has launched what it claims to be the world’s first app store for the blockchain in order to tackle the “last mile” adoption problem that will bring blockchain technology into daily use for everyone.
The newly announced Modex Smart Contract Marketplace provides a forum for developers to showcase their skills, and offer smart contract solutions to buyers and/or other developers. It allows the real-world community to easily find smart contracts that meet their needs, without having to scout developers and manage development projects.
The platform incorporates significant advantages for consumer adoption, enterprise cost savings, developer tools, community trust and engagement, IP protection, and revenue opportunities for developers — all centered around the smart contract ecosystem that Modex has created.
Developers get to benefit, too
On the other hand, the Marketplace lets developers build a reputation and pipeline based on their accomplishments, allowing them to get clients and build recurring revenue against the ongoing sale of their smart contracts.
In that sense, Modex is more than just a marketplace — it is described as 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,” according to Modex’s CEO Mihai Ivascu.
“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,” Ivascu added.
Ethereum smart contracts are just a start
The platform has started with focus on Ethereum-based smart contracts, but will soon support other protocols that also have smart contracts functionality, including Waves, Coco, Komodo, Ark and others.
Modex’s Multi-Protocol Smart Contract Marketplace has been launched right before the company’s ICO, which began at the end of March. It is still relevant, so you may want to check it out.