Morpheus Network is working on developing the platform which may allow the business in utilizing the blockchain technology for export and import, to track the supply chain, payment, and inventory. The company will not only include all the elements in its platform but the action that will be required, they will be automated by the use of the predetermined Smart contracts. The completion of one of these tasks can trigger the new part of the smart contracts.
The components of the platform may be used alone or together. The platform will not require every party to be used in order to work more effectively.
Morpheus Network had been established after consultation with the biggest companies in banking, shipping, and customs. It wants to become the fully fledged supply of the chain platform which uses the cryptocurrency payment protocols under the blockchain technology.
What will be automated?
The first step is to know how the entire process will work:
- The importer will start by ordering the merchandise with an overseas manufacturer, and he can fill the order requests.
- The importer will then pay the percentage of this cost with his order
- The manufacturer will supply the products
- The product will be imported to where the buyer is
- The product will be taken through the customs
- The importer will get the products and then pay the balance to the manufacturer
- The product is then distributed.
The people who will benefit from the Morpheus Network are:
- Brokers
- Manufacturers
- Shipping agents
- Distributers
- Exporters
- Importers
Anyone who wants to join, he can join the Morpheus Network. The user will have to create the wallet first and afterward, he should complete his registration process. The platform is easy to use, and the buyer may buy anything he wants. It can be a small transaction or an intricate purchase. The exporters, manufacturers, sellers, and buyers who sign up at the network, they will be able to get a wider exposure and all other benefits that will come with using this network instead of traditional banking.
By now Morpheus Network does not use MVP; however they are providing the mock-up platform interface. Their UI does appear to be friendly, well designed and clean.
What are MORPH TOKENS?
The IPSX token offers the access to Morpheus Network with their smart contracts. The tokens can be transferred between the FIAT with their 74 cryptocurrencies by the use of SHAPESHIFT integration.
The token at Morpheus Network are called MORPH, and they are the power behind the network. The tokens will help the user in accessing the Morpheus network. They are the vital objects with smart contracts for international supply chain since they are the payments that can cross the borders. Even if the system may be integrated with SWIFT, the payment can be sent straight in the bank account using Smart contracts.
The system will use layered security levels with high tech encryption technique that have flexible permission settings.
You can find more information here:
Official Website: https://morpheus.network
Whitepaper: https://morpheus.network/whitepaper/
Twitter: https://twitter.com/morphcrypto
Facebook: https://www.facebook.com/themorpheusnetwork/
Telegram: https://t.me/themorpheusnetwork
Ann Thread: https://bitcointalk.org/index.php?topic=2723338.0