Morpheus.Network - Automated Global Supply Chain 🌎
If you are a company working internationally, you are in trouble. Different countries have all kinds of different regulations, they all have their own money, and every culture is different, some of them are drastically different. In such an environment everything is slow to a dot. You have to pay a lot of people to take care of different logistics and paperwork. Some countries even require bribes when they see paper contracts, payments and people they can deal with. With the Morpheus platform, smart contracts of the Ethereum network is used to take care of business and everything is automated. Smart contracts make things easy by automating buying and selling and the money transfer. If the responsible party did not do its part, the payment does not occur. If the deed is done, or the goods arrived, or the service is satisfactory, the payment is automatic.Ethereum network is called “the World computer” and it can handle all kinds of complex operations.This is similar to what Walmart has now. They have some kind of online inventory and when they run out of goods, their computer places the orders automatically. For example, when they are about to run out of 1 Liter milk, their computer orders that from the supplier. The disadvantage of that is that it cannot do complex orders and it is centralized, and thus, vulnerable. It also has to use real money transfer, which takes time for the transaction to go through and may delay arrival of the goods at the actual store. The good thing about Morpheus is that it can do a lot more complex operations than what Walmart computers or any other centralized computer can do in terms of money transfer or transactions and it is a lot safer and more secure. It can do more complex operations such as ordering different parts of a car for a car production company when they are about to run out of the said car parts. Because it can do that quickly, the car production company never runs into the problem of being late. Instead of sending money manually after the order, the smart contract can transfer the Tokens. The information stated on their website https://morpheus.network clearly shows the superiority of their platform over centralized systems. Here is a video to showcase some of these:
Former DHL CEO Roger Crook is the Morpheus network team and all the other team members are high-quality individuals. You can click on their Linkedin page to see their bios, which is very good because not a lot of ICOs are made up of people with backgrounds experienced in their subject. These are not just developers, but people experienced in these matters of money transfer and supply chain.
What I love about this network is that they are integrated with the SWIFT system (Society for Worldwide Interbank Financial Telecommunication), which is the traditional way of sending money internationally. People use this every day to send money worldwide using normal banks and being integrated with the SWIFT system would provide the Morpheus network great legitimacy.
The smart contract can also send all the customs and shipping documents to the producer automatically. Your factory is doing almost everything automatically, why not have the same convenience with the money and supply system right? That is what Morpheus provides, and you can sit back, relax, and watch the money flow :)
Their website: https://morpheus.network/
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My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1114493