Morpheus Network

What is the Morpheus Network?

Morpheus Network is an integrated, international, automated platform for supply chain management that uses blocking technology, smart contracts and artificial intelligence to eliminate existing problems in this area. This is the solution that is aimed at the full automation of all processes related to international supplies.

This includes international transport, international payments, and related documentation. The task of Morpheus is to simplify these processes as much as possible, making them simple, accessible, transparent and at the same time reliable and safe for all parties. Thus, international supply chains will become available to every market participant.

The main trump card of the Morpheus Network is blockade. The technology proves its effectiveness for several years, so Morpheus will be another decentralized solution that will ensure maximum transparency along with reliability and security. Access to data that will be stored in the block chain will only have specific users, which will protect them from third-party interference from third parties.

At the same time, the concept, which Morpheus offers, combines transparency of actions and confidentiality of information. The data that is entered in the blockroom, on the one hand, can not be changed, but on the other - protected, because they can not be changed in any way. Thus, corporate information is always confidential.

Smart contracts, which will be created by the parties in advance, will reflect all the essential points that concern international supplies and management. They will be fully automated, just like international payments.

Smart contracts will be directly related to payments, since it is with their help that the terms of the supply chain will be respected. Depositing funds before they are transferred by one of the parties is not the first time used and has proven itself as a decentralized escrow procedure.

This will allow participants in the international supply chain to trust each other, since compliance with the terms of contracts is reliably controlled by a smart contract. In principle, this generally excludes the need for trust between the parties. They do not have to worry about the integrity of the counterparty, since after the depositing of funds, attempts at fraud and deception are impossible.

According to the World Economic Forum, eliminating flaws in the international supply chain can increase world GDP by 5%, and world trade - by 15%. This means that the problems that exist in this sphere hamper the world economy so much that it loses up to $ 3 trillion annually.

The sum is enormous, considering that the money goes not to participants in international supply chains, but to third parties - to banks. Fortunately, now work is actively under way on the project, which will be a solution for current market problems and will allow to save those amounts that the world economy loses every year.

This is the platform of the Morpheus Network, which we will talk about in the next three articles. We are going to tell what kind of service it is, what is its solution for international supply chains, why it is needed and how it will work. The creators intend to outrun absolutely all existing solutions before that, so Morpheus, unequivocally, should surprise.

What is Morpheus Network for?

There are two main problems in the sphere of international supply chains, they are also the reasons for creating a platform. First, these are the amounts that the market loses due to high commissions. And secondly, it is the complexity of the process itself, which is related to the documentation and its turnover. Now in order.

As we mentioned at the beginning of the article, the market loses from 2 to 3 trillion dollars a year only due to the fact that international bank transfers are on the one hand too expensive because of high commission fees, and on the other hand - too slow and unprotected. These are all costs of the traditional banking system, from which it is high time to get rid of.

International stands require a huge amount of money transactions. Quite large sums are lost due to incommensurable commissions in banks, which often becomes the reason for the non-existence of small companies in the big market. Commission in Morpheus is only 1.5%. This is several times less than bank commissions, so the amounts that used to fall into the hands of banks will be able to replenish the world economy.

In addition, due to the fact that payments pass through the block, they are, first, protected from interference, and secondly, they happen many times faster than traditional banking. This will make it possible to secure the supply management process and speed it up.

We will continue to talk about the purpose of the Morpheus Network and how it will change the current system of international supply chains in the next part of the survey, which will also tell you what the solution is and how it will work.

Official website: https://morpheus.network/
Telegram: https://t.me/themorpheusnetwork/

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