The world economy relies on a fast and efficient global supply chain which is an industry valued over 15 trillion USD. However, global trade contains various challenges and inefficiencies. The World bank has defined supply chain inefficiencies as the #1 WORLD PROBLEM TO SOLVE in order to stimulate economic growth. And according to the World Economic Forum’s report Enabling Trade: Valuing Growth Opportunities, reducing these barriers to global trade could increase worldwide GDP by almost 5 percent and total trade volume by 15 percent. This equates to a global increase of over 2 trillion USD boosting economies and creating jobs!
The Morpheus Network was designed in consultation with some of the world’s largest shipping, customs & banking firms to create a full-service, global, automated, supply chain platform with an integrated cryptocurrency payment system utilizing blockchain technology. This is achieved with Smart Contracts driving the supply chain with predetermined, automated work contracts, shipping & customs documents as well as fast international payments to over 1600 banks globally.
Morpheus Network’s blockchain-powered platform is a game changer that can solve these inefficiencies and enable truly integrated and automated supply chains.
We are part of the Blockchain Transport Alliance – members include FedEX, UPS, SAP, Penske, JD Logistics, Salesforce, Convoy, etc. BiTA is a consortium of the foremost leaders in the freight industry forging a path towards industry standards in blockchain use. Their goal is to bring together leading companies in the freight technology industries that have a vested interest in the development of blockchain technology.
We have a strategic alliance with WINJIT Technologies Inc – they have over 200 clients across 44 countries globally – including some of the leading Fortune 500 companies – and 17+ years of experience delivering enterprise software solutions. Winjit has extensive experience with Blockchain, Fintech, Product Engineering, Artificial Intelligence, Machine Learning, IoT, etc. They are the creators behind innovative products such as IoTsense.io – a smart, secure and scalable IoT platform – as well as Predictsense.io – an automated machine learning platform – which we will be utilizing in the Morpheus.Network platform.
Our platform integrates with SWIFT for international payments, connecting us to over 1600 banks and financial institutions in 200 countries worldwide!
Also, our user rating system gives prospective Morpheus.Network users assurance that they are dealing with a reputable and experienced business partner.
We have a highly experienced team – one Co-Founder has 15+ years in global trade, the other has 15+ years in software development and information security. Our team has proficiency in importing and exporting, web and blockchain security, banking platforms, payments, tax accounting and Smart Contract law and experience working with companies including IBM, Deloitte, MIT, National Bank of Canada, TD Bank, Bank of Montreal, Wilson International, American Express, and more! Our advisors include the former CEO of DHL Roger Crook (one of the largest international shipping companies), Jonathan Bootle, inventor of groundbreaking “Bulletproof” Blockchain privacy technique, Daniel Eidan, Blockchain Solutions Architect at R3 and more..
The world economy relies on fast, efficient, international importing and exporting. However, running a global supply chain business contains various inefficiencies:
For example, sending a bulk shipment of flowers overseas can generate as many as 200 paper documents from a dozen vendors. The document that certifies goods, such as flowers, to be hygienic and free of insects must be stamped and signed by numerous agencies, and then transported separately by air to the import destination because customs agents require original documents to help prevent fraud. One small error on paper documents like these can result in delays that spoil a shipment or hold up payments. Likewise, multiple parties, such as exporters and importers, insurance companies, customs agents, terminal operators, freight forwarders, carriers, use the bill of lading. Typically, the bill of lading is sent by courier overnight after the seller receives word that the shipment has arrived.
The Morpheus Network can remove the complexity from this process. Any time a document needs to be shared with multiple institutions, putting that record on the blockchain enables real-time updates that can be seen, but not tampered with or inadvertently altered. This can create significant savings in time and cost while at the same time, ensuring a strong level of trust.
The Morpheus Network was established by industry veterans to address global supply chain inefficiencies, resulting in full-service, global, automated, supply chain platform for the global trade industry, utilizing blockchain technology. We recognize blockchain as a technology to be leveraged across supply chains to see breakthroughs in automation, optimization, security, visibility and forecasting.
Automation is achieved utilizing Smart Contracts , driving the supply chain with predetermined, automated work contracts, shipping & customs documents as well as automated international payments. The layering of other Blockchain technologies, as a part of , or an objective in the Smart Contract, is another key feature further enabling supply chain automation. This involves the integration with other blockchains such as using the Walton Blockchain to signify the arrival of a shipment with an RFID scan, or using Sia to verify the transfer of data as a single obje
The Morpheus.Network was designed in consultation with some of the world’s largest shipping, customs & banking firms to create a full-service, global, automated, supply chain platform with an integrated cryptocurrency payment system utilizing blockchain technology.
The World Bank has defined supply chain inefficiencies as the #1 world problem to solve in order to stimulate economic growth. To be successful in global trade, every firm needs to run efficiently. Smart Contract technology allows steps within a company’s supply chain to be automated thus maximizing its efficiency. To complete a transaction properly, the objectives within a Smart Contract need to be triggered with precise accuracy when it comes to international customs compliance and in a timely fashion. The Morpheus Network allows globally transacting companies to take advantage of a Smart Contract structure for their supply chain. Additionally, the real rate currency conversions and automated international payments further enables the Morpheus Network to automate virtually any supply chain!
The Morpheus Network can be used by virtually anyone. A wallet is created for you when you complete your registration on the easily operated platform. Any purchase can be made by a buyer, from a small transfer within the Morpheus Network, to a complicated Smart Contract setup involving an international money transfer involving currency conversions and exportation documentation.
Merchants, manufacturers and exporters can register on the network for greater global exposure, along with all the added benefits of using the Morpheus Network over a traditional bank wire transfer (preferred conversion rates, drastically reduced transaction fees, added security of the network, over 30% of proceeds back to Morpheus token holders, ease of distribution of shipping documentation and more).
Our team possesses expertise in the proper and specific fields, from a functional perspective, to make the Morpheus.Network run as smoothly and safely as possible. This includes team proficiency in importing and exporting (shipping and compliance), web and blockchain security, banking platforms, tax accounting and Smart Contract law. Please read more about our team here.
We don’t believe any one company should own or control the blockchain supply chain. We believe in interoperability and partnerships over competition.
One of the most exciting properties of Morpheus.Network is the ability to connect disparate ecosystems – and competitors – onto a common platform. However, there are privacy and confidentiality concerns as companies using a single blockchain would be sharing sensitive data around trading partners, shipping patterns and volumes which can become available to competitors through their participation in the network.
Morpheus.Network builds on innovative zk-snark technology. This enables the confirmation of every transaction of physical goods in the chain of custody, so that a connected record of provenance can be maintained, without any of the players upstream or downstream of the transaction having access to information not related to that specific transaction.
Document records are stored encrypted in off-chain containers and can be accessed only by authorized participants; this can be all participants or only those that need a particular portion of the data. Document ownership and access can be anonymous yet securely identified between partners who require verification. In short, it can be widely shared and protected at the same time.
One feature of blockchains is data immutability; once data has been written to a blockchain no one, not even a system administrator, can change it. This benefits the Morpheus Network users by creating a secure audit trail of all documents and transactions to ensure compliance with local regulations.
Morpheus.Network is a solution with the power to meet the industry’s security and privacy requirements and serve as a backbone for an open supply chain network with full data privacy built on a decentralized blockchain infrastructure.
Related FAQ: How is Morpheus Network Secure?