Hello everyone, in this era almost all business in the world are connected by highly sophisticated technology, a technology that allows us to conduct transactions globally safely and quickly. In every transaction with the help of technology, we will be able to minimize all forms of cheating and help our business to get maximum results.
Looking ahead, we must anticipate the entralling possibility of a world where end-to-end supply chains really change — highly connected, flexible, efficient, resilient and completely responsive to customer needs. However, if large global companies reach this peak, they need to reinvent themselves.
While no one underestimates the scale of change required, especially if a company tries to take advantage of multiple technologies at the same time, doing nothing is not an option. Too slow to accept change and companies you’ve never heard of can be very disturbing to your market. Put all your eggs into the wrong tech basket and the consequences can be catastrophic. Failed to experiment and opportunity will undoubtedly be lost.
Okay, now we are going to tell you all about a new revolutionary global supply chain technology initiated by Morpheus Network.
What is Morpheus?
Morpheus is an innovative international company that has been established to undertake major currency transfers in cooperation with over 1600 international companies in the application of modern and fast “blockbuster” technology. The platform is especially intended for importers and exporters who have been replaced by standard worldwide bank transfers, expensive, long, unsafe and just too outdated.
This project was developed by the best specialists in the industry to prevent malfunctions and shortages of the world supply chain. As a result, the company received a comprehensive, integrated integrated program to manage the world’s supply chain, which is based on “blockade” technology. The team believes that this technology can be used at a new level in working with the supply chain and will help make revolutions in automation, optimization, security, visibility and forecasting.
What is being automated?
First lets give a very simple overview of how the import business works.
- Importer orders merchandise from overseas manufacturer to fill order requests.
- Importer pays percentage of costs upfront.
- Manufacturer supplies product.
- Product is imported to destination.
- Product passes through Customs.
- Importer receives product and pays manufacturer the balance.
- Product is distributed.
Now let’s see how these are automated:
Order Requests
Morpheus Network will use smart contracts to automatically place orders for businesses. For example, if a retailer would like an additional shipment of women’s dresses their order will trigger a smart contract to place an order with the manufacturer. The smart contract will collect and transfer money between individuals at each step as needed.
Payments
Morpheus Network address payments in two ways. The first is by using SWIFT, a messaging system that allows the transfer of money between over 1600 bank brands. SWIFT is the dominant form of money transfer for businesses and institutions. The Morpheus Network will also allow itself to work with other systems like Ripple, FedWire and CHIPS. By using SWIFT the Morpheus Network will allow customers to be paid in the currency of their home country regardless of where the customer is.
The second means of addressing payments is by using the MORPH token as a form of payment. MORPH would used a cryptocurrency and could be converted to FIAT via an exchange.
Payments will be handled via smart contract and can be tied to milestones such as location or time. In order to prevent loss of money the platform will have an integrated escrow system that will allow parties to lock payments in until the milestones are met.
Shipping
The Morpheus Network will utilize Artificial Intelligence to identify the most efficient method, route, cost and timing of shipping. Morpheus will work with all forms of transport including trucks, ships, airplanes and trains.
Customs Documentation
Customs and government required documentation is still heavily reliant on physical paper. Morpheus will digitize much of this paperwork and store it on the blockchain (providing ownership and immutability) via SIA.
The platform will also autogenerate required Customs documents for importers, exporters and shippers. The platform will make it simple for first time importers to tackle the entire process and will even link customers with brokers and other necessary third parties.
Tracking
Tracking will be conducted utilizing the blockchain. The tracking of products and inventory will require location, shipping and receiving information to be logged onto the blockchain. The information will be recorded in a similar way to a transfer of cryptocurrencies. This supply chain data will be immutable and will provide a detailed overview of all shipping information.
There are many other players in this flow that weren’t mentioned including overseas shipping agents, customs brokers, distributors and end-users. All of these players are integrated by the Morpheus Network in some fashion.
Benefits
On a global scale, the Morpheus project can save companies hundreds of millions of dollars. Following the calculations of the World Economic Forum “Helping Trade Promotion: the Importance of Growth Opportunities,” reducing barriers within the global supply chain can raise GDP around the world by almost 5% and the total trade by 15%. That will lead to an international economic recovery of up to 3 trillion dollars!
The company will also help to reduce the process of international import and export. Whenever your security or any document has to go through a large number of different institutions or inspections, you just need to put it in the locker room. Similarly, it will be possible to see all the updates and updates that are made in real time. In this case, no person, except those who have access to this document, will not be able to change anything in this document. This will save you the most time and money and at the same time convince you that the system can be completely trusted.
How it works?
Suppose, in order to send a batch of flowers to another country, you may need more than 200 papers and documents from a dozen sellers. On paper that confirms that your product is completely safe, is hygienically clean and does not carry a variety of parasites, there must be seals and signatures of numerous agencies, after all this your documents will be required to be separately transported to the country to which you are going to send your goods , as customs officers only require the originals of all your documents to completely eliminate the chance of cheating. If you allow at least one small mistake, it can cost you a lot of your time, because of this your cargo may become worthless and lose its marketable appearance, and payments — be delayed. Exactly according to the same scheme, different participants in the process use a bill of lading. Most often it is forwarded by courier mail the next day after the seller is informed that his cargo has arrived at the right place.
The platform modernizes and improves the logistics required for most labor-intensive transportation around the world for various companies of organizations, as well as individuals. All this became possible thanks to a team consisting of 100% of experts and professionals in customs, banking and accounting. Each of the workers has deep knowledge and extensive experience in various fields.
What benefits will investors have?
The site is operated by MORPH tokens. The system Microsoft Dynamics 365 ERP is implemented in the platform in conjunction with SWIFT for direct international payments. Morpheus tokens can be purchased when converting almost any paper currency or more than 74 different crypto-currencies directly through the platform and integration with Shapeshift. Tokens give participants access to the Morpheus platform. An important point in the Smart Contract of any international supply chain is international payments. The value of Token Morpheus is based mainly on the derivative financial instrument of the currency needed to make payment as a Smart Contract item, in real time.
TOKEN DETAIL :
· Token name: MORPH
· Type of the token: ERC20
· Price of the token: 1 MORPH = 0,45 USD
· Softcap: 1,800,000 USD
· Hardcap: 36,000,000 USD
· Total number of tokens: 100,000,000
· Total available tokens: 52%
What about the team?
The team is stacked full of individuals with specialized experience in a diverse selection of fields. The teams experience varies from Global trade, marketing, blockchain tech (4), web security and legal.The advisers are even stronger featuring Robert Crook, Former CEO of DHL. The advisory group contains individuals from Global Trade, banking, accounting, cryptography, blockchain and SWIFT payment systems.The website indicates that the team has had experience with IBM, MIT, GE, Chase, Sony and more.
Links to Core Team Members and Advisors Are Below:
· Danny Weinberger, Co-Founder & CEO
· Noam Eppel, Co-Founder & COO
· Nikhil Sethi, Director of Marketing
· Vignesh Iyer, Blockchain Solutions & Evangelist
· Priyanka Pareek, Blockchain Solution Architect
· Priyank Sharma, Blockchain Solutions
· Pravin Tambe, Blockchain Delivery Manager
· Vijayta Bhatt, Lead Blockchain Developer
Advisors
· Roger Crook, Lead Advisor for Global Logistics, Former CEO of DHL
· Jonathan Lucas, Fundraising
· Benny Pereira, International Logistics & Compliance
· William Liu, SWIFT Connection Advisor
Road Map
More Information Here:
Web site: https://morpheus.network
Telegram: https://t.me/themorpheusnetwork
Twitter: https://twitter.com/morphcrypto
[Bounty] Bitcointalk: https://bitcointalk.org/index.php?topic=2818233.0
White Paper: https://morpheus.network/whitepaper
Author: Kolya Albina
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1880310
ETH : 0x4506B1E0413E516Fb9A0F5082d513C4F0c75323f