MORPHEUS NETWORK - Supply Chain & Instant Payment Network On A Single Platform

Maret 05, 2018

MORPHEUS NETWORK - Supply Chain & Instant Payment Network On A Single Platform

Morpheus Network is an automated, supply chain platform with an integrated cryptocurrency payment system utilizing blockchain technology. Using smart contracts, AI and integration with incumbent payment and logistics companies, it aims to automate much of today’s supply chain.

Built on Ethereum, Morpheus Network uses smart contracts to drive automated work contracts, shipping and customs documents, as well as payments, allowing for supply chain tasks, such as ordering the parts to build a car when stock runs low, to happen with maximum efficiency and minimal human intervention.

Morpheus has a very strong team with a good mix of logistics, trade, tech, legal, and payment experience. Besides the team itself, they also have advisors at key firms including SWIFT, DHL and Deloitte.

Supply Chain Technology and Morpheus Network

In simple terms, you can share your important documents on a centralized platform backed up with blockchain technology to automatically process your document requirements at the Airports and different other counters in the process of Importing and exporting your goods. Global supply chain will get benefits from this portal. Through the use of smart contracts, the processes in the supply chain can be made efficient and reliable.

How it improves the function of supply chain

No matter how much the things turn digital but we still need to rely on the conventional ways of doing certain things. Let’s say we are exporting some goods and we have to show some documents to prove the validity and legality of our items to certain authorities at different locations and occasions. We are well aware of the strict rules of Airport authorities (and others), our shipment may not get approved from them even if there is a little typo error in our document. It’s painful when you do everything right but still can’t make it happen. The solution is Morpheus platform where you can save all the documents on a Blockchain. Your document will remain safe and private at this platform and no one will be having the permissions to view it or make amendments until you give the permission.

Smart Contract Technology and Morpheus Network

The smart contract technology made this platform more reliable and efficient. Because of this smart contract, our processes become automated which in return saves us a lot of useful time and improve the efficiency of our work.

How can use this technology

Virtually anyone can use this technology by simply completing a registration process and creating a wallet on this platform. Because of its global money transfer feature, a wide group of people can take advantage of smoother and faster transactions. However, it is more suitable for exporters, buyers and merchants for making transactions since they have to make extensive cash transactions. They can have a real monetary advantage by not paying the commission fees to the banks and other financial institutions.

How your data is more secure on Morpheus platform

Since the platform is suitable for the business personnel, there more significant concern about this technology is the privacy and security of their data, goods and financial records. Since every stockholder has its own goods, competitors and other important personal information shared on the same blockchain shared by others, the concern about the protection of this crucial data is most highlighted one. This system uses ZK-Snark technology which ensures that each transaction has been kept in a safe custody. No one else can ever have an access to your information until and unless you have granted the permission to view the information. Even the downstream or upstream players have no access to your information. Because of this features, it is gaining more popularity and momentum amongst the business community.

ICO INFORMATION AND TEAM

MORPHEUS NETWORK depends on people to expand and develop their platform. 20,000,000 MORPHEUS NETWORK Tokens will be utilised for the pre-sale which starts from 23rd February 2018 and continues until 4th March 2018. The main ICO sale dates have not been announced but a total of 52,000,000 MORPHEUS NETWORK Token will be up for sale.

The funds generated from the token sale will be utilised for the development and expansion of the platform. The team behind the project has years of experience in the fields of Global trade, Information Security and Business management. They are determined to create a sustainable platform for current supply chain industry.

Conclusion

According to an estimate, nearly 2 trillion dollars were lost in transferring money due to bank fee and conversion charges. MORPHEUS NETWORK allows Instant money transfer in 200 countries by integrating the SWIFT. Building automated systems is always a difficult process and in the industry where too many intermediaries are involved, it becomes a much harder job. MORPHEUS NETWORK has tried to include the latest technology to bring an authentic and reliable solution to the global supply chain industry.

One of the important and compulsory features on the platform is a rating system of the clients and users, which allows the platform to create a transparent and trusted resource for everyone. Other than that, they provide educational materials for businesses to understand the nature of the global supply chain in the changing scenario, which will help them better manage their trade.

I think that they will be one of the leading players in the automated supply chain and Global payment system. The performance of the platform on the real world problems remains to be seen as they plan to launch their application next year. The Process of the final application will take time and we are ready to wait for the final product.