MORPHEUS LABS: LEADING THE WAY FOR THE BLOCKCHAIN REVOLUTION

sonypapulous (37)in #blockchain • 6 years ago

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The wave of blockchain technology is spreading fast all across the globe because of its effectiveness and its amazing features such as immutability and its ability to save time and cost. Blockchain is a digital distributed ledger that records transactions (or any kind of data) transparently and securely. For instance, payment (peer to peer) transactions can be made between two parties using a blockchain saving time and cost as the need for intermediaries is eliminated. The technology of blockchain can be applied in different fields or sectors for several things such as digital voting, real estate, medical record keeping, weapons tracking, expediting energy future trading and compliance, tax regulation and compliance, copy right and royalty protection and many more.

With blockchain technology, individuals or groups of people with great ideas can nurture and develop their ideas into maturity. The Morpheus Labs team understands the power of blockchain technology and how significantly impactful it can be to mankind generally hence the team came up with the idea of Morpheus Labs blockchain platform, a platform which provides idea originators with an environment to test different blockchain technologies, explore their functionalities and uniqueness then choose the technology that appropriately supports the proposed or created idea.

Morpheus Labs blockchain platform is the remedy to most of the challenges associated with adoption of blockchain technology by some companies or organisations. These challenges are outlined below:

Lack of trained personnel
not many companies understand how blockchain technology operates. The technology is relatively new to some companies hence they lack the proper expertise to capitalise on and take advantage of the technology.

No Test Environment
there are many blockchains in existence today and it’s difficult for companies to choose the one that best suits them because there’s no test environment to experiment with these blockchains and ascertain which one is most suitable.

High project development cost
:some companies who have an appreciable knowledge of blockchain technology are still hesitant to build projects on a blockchain because of the high development costs involved. There’s no sure way of knowing that the outcome of the project would be successful hence they’d rather not employ the trial and error method since there’s so much uncertainty in the success of the project and expenses would be incurred either way.

Morpheus labs Blockchain Platform as a Service (BPaaS)
Morpheus Labs Blockchain Platform as a service allows for multiple blockchains to be experimented on at the same time on one platform with flexibility in switching from one blockchain to another during experimentation. The platform enables its users to develop, test and manage blockchain applications in a simplified way in an integrated collaborative development environment. The platform users get to enjoy the benefits of having a version control repository and many tasks preconfigured, with these and other structures put in place on the platform, users only need to focus and spend more time on creating and developing applications, the platform lifts the burden of handling other stuff saving cost and time. Also the platform users can source for blockchain based tools, services and solutions from contributions made by a wide range of partner experts on the platform enabling the platform user achieve success in creating or developing applications quicker.

COMPETITIVE ADVANTAGES

The Morpheus blockchain platform as a service provides preconfigured ready-to-use blockchain solutions leveraging ready to deploy blockchain apps available on the platform’s app store saving time and reducing cost. With the test environment available, the platform offers services that tackle major issues that affect companies.
The platform provides a reliable safe and scalable environment allowing its users customize and deploy applications anytime and anywhere; resources and support are made ready on the cloud.
The Morpheus Labs project has been approved or endorsed by the Singapore government through a start-up group called SGInnovate, hence the Morpheus Labs team has some level of integrity. The platform is trusted. SGInnovate is experienced in implementing large scale and complex platform applications and comprises skilled engineers.
Morpheus Labs blockchain platform offers products and services of high quality and great value without attaching or including extra costs

PARTNERS/CLIENTS

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MITx (Morpheus Infrastructure Token)

Morpheus Infrastructure token also known as MITx is an ERC-20 utility token used officially on the Morpheus Labs network to render or pay for all kinds of services and products. MITx is primarily used for both platform subscription and application-related usage. This includes, payment of transaction fee in app store, staking some to get exclusivity in one’s region, staking some to access exclusive features on the platform and some others.

TOKEN DISTRIBUTION

MITx has a total supply of 1 billion tokens out of which 45% (maximum) are to be burnt.

20% have been burnt already, while the other 25% will be burnt over a period of 5 years (2019 – 2023)

25+%: sales and in circulation

10%: community

10%: team (locked)

10%: foundation (untouched)

5%: reserve

More information on the tokenomics can be found here: https://medium.com/@morpheuslabs_io/mitx-token-economics-38b17d870ab9

BUSINESS ROADMAP

Phase 1: 2016-2017

● Idea and founder was hand-picked by SGInnovate (a government initiative)

● Partnered and in discussion with global names on distributorship

● Top 5 (out of global 22 bidders) in Smart Dubai Government Blockchain Competition

● Received initial seed investment from BANSEA (ASEAN Most Established Angel Fund)

● Signed Memorandum of Understanding with Proline Integrated Intelligence (one of the biggest System integrators) on Turkey smart nation projects.

Phase 2: 2018

● Successfully Closed ICO event in April, 2018

● Official sales partnership formed with Sure International (Part of Batelco)

● Signed partnership with Vechain, QuarkChain, NULS and Neurochain, and officially the

Number 1 Blockchain Platform as a Service with most blockchains.

● Collaboration with Hanwha starts.

● Signed partnership with KMSIM and Smartmind.

Phase 3: Q1, 2019

● Official signed partnership with Hanwha (Hanwha DreamPlus) to promote blockchain course and Morpheus Labs Platform in Korea and across Asia

● Official signed on MoA (Memorandum of Agreement) with Vechain on technology, Business development and Marketing.

● Official signed partnership with AWS.

● Official collaboration starts with Vechain, QuarkChain and NULS in bringing on board their enterprise clients to Morpheus Platform, and joint events.

Phase 4: Q2-3, 2019

● to sign in major education partners across Asia in distributing Morpheus Course & Platform, to increase subscription users pool.

● to sign in more blockchain protocols for collaboration .

● to sign in more System integrators and key channel partners.

● moving into new region after May 2019

Phase 5: After 2019

● Expansion in new regions.

PLATFORM/TECHNICAL ROAD MAP

Phase 0: Design and Version Alpha

Sep 2016

Develop alpha version, which is focused on the implementation of Platform Presentation Layer. The purpose of this phase is to create a fundamental set of user-facing functionalities and applications catered for the public to try.

Phase 1: Version 1.0 Beta version completed

Oct 2018

Beta version launched to private testing with selected partners to get feedbacks for upgrades and improvements

Phase 3: Version 1.0 Official Launch

End Jan 2019

With all feedbacks gathered, move into UX/UI enhancement and delivering a powerful and user friendly platform for commercial use which targets rapid prototyping and testing environment.

Phase 4: Version 2.0 BETA

June 2019

Moving beyond prototyping, this phase enables enterprises to host real applications which are revenue sensitive and process driven. Functionality and security is key.

Phase 5: Version 2.0 Production Environment

Oct 2019

Moving into complete end-to-end development environment in order to provide a cohesive service.

Phase 6: Interoperability between blockchains

Future, end 2019

CORE TEAM MEMBERS

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