INTRODUCTION
The world is gradually going digital as new technology emerges daily around the globe. The impact of this is seen in every aspect of human economy and development. This is why blockchain technology was a major hit at the point of its inception and was widely acclaimed to head the new industrial revolution with its value transfer impacts. With cryptocurrency and blockchain, users came to enjoy the level of effectiveness and independence of operations that has never been experienced before.
As the blockchain's success became more pronounced, industries and companies gradually buying into its sleek economy and methodology. New blockchain projects and enterprises started becoming a norm with varied related services. But just like any venture, even blockchain related projects ought to attain a certain level of recognition and commercialization before global success is acclaimed. Unfortunately, most blockchain company projects encountered rejection on the alter of instant success. This is because people mostly do not trust new ideas and technology unless there's a proof that they can work and when this proof takes time to manifest, the project stands the chance of being abandoned. This became the case of most company blockchain projects, where their owners stand a chance of loosing a lot of money drawn into brilliant projects that were ended prematurely. This affected blockchain adoption leaving room for more doubts than belief in its system. If companies cannot afford to take the chance at innovation in blockchain technology, does that imply that it should be abandoned all together? The Morpheus Labs project came out with a massive response to eliminate that question by creating an opportunity for every one to be a part of the ever growing blockchain process.
THE MORPHEUS LABS SOLUTION
Morpheus Labs is creating an enterprise grade inclusion blockchain with a unique Blockchain Platforms as a Service (BPaaS) mechanism that will ensure that all forms of institutions or enterprises can be able to carve a niche for themselves through blockchain technology. The Morpheus Labs vision was impacted by the original plan for the introduction of cryptocurrency which was done to give quality value transactions to everyone and not just to those who can afford it. It is their opinion that if they can provide background support and equipment, then developers can be pushed to bring more innovative technology to the core smashing the time and cost barrier to the barest minimum.
THE MORPHEUS LABS SETUP
Blockchain Design Lab And Equipment
It has to be noted that blockchain technology is a complex design structure full of technical mechanisms and process. Therefore setting up a blockchain process is not only going to take a lot of work but will also incur costs equipment and technology. Despite the cost of these projects, their is no guarantee that most of them will be a success, which leaves companies at the mercy of a trial and error process that is impossible to maintain. The Morpheus Lab network is creating an opportunity for all developers and blockchain designers to bridge the gap in terms of funds and equipment for their project. Morpheus Labs provides each of their users with a Lab environment equipped with right tools and inventory that will lead them to make the best out of their project design. In these Labs can also design applications and also get provisions to test them effectively saving a lot of time and money. With a healthy and cost effective environment to design and test their prototypes, more companies will be encouraged to embrace blockchain technology and decentralisation.
The Morpheus Labs Blockchain Platform as a Service (BPaaS)
At the head of Morpheus Labs services is it's BPaaS mechanism that offers its users a level of flexibility that will allow them make choices of various design coding languages depending on what suits their service. Most times, companies have identity issues when it comes to choosing the right type of technical setup that will suit their needs to the latter. To solve this dilemma, Morpheus Labs BPaaS provides a multiple blockchain technologies under one platform to give them the best possible options to choose from when designing their project. BPaaS also provides users and developers with specific tools to develop and test specific blockchain applications in a controlled environment where it can easily be deployed if found ready or edited when it's lacking. With a unique user based feature, the Morpheus Labs BPaaS hopes to provide the best root support for their users allowing them to do the more of the creative work of innovation.
THE MORPHEUS LAB COMPONENTS
The Presentation Layer
The presentation layer of the Morpheus Labs platform is made up of the following setup:
- The Admin Console which houses the administrative duties of the platform including management, security vetting, auditing and supervision of new projects amongst other supporting roles.
- The platform dashboard displays the workspace of the users in particular. This includes options to manage and monitor project process by users of the platform.
- The Blockchain operation console displays the list of blockchain technologies available for users in their respective labs and their management operations.
- The Blockchain Developers workspace displays the features available for blockchain DApp developers and the list of tools in their interface. It provides ghetto right technical backup and tools for most developers on the platform.
Morpheus Labs DevOps Library
This part of the Morpheus Labs platform provides blockchain developers with the right tools to render their desired blockchain applications. It contains templates or designs for each prototype a developer is working on. The DevOps library is also offers other services like code management, integrative collaborative protocols and others.
DApp Design Marketplace
This is the App Store version of the Morpheus Labs platform and it offers users the opportunity to procure the best curated application design on their app marketplace. It's also an opportunity for talented developers to show case their innovative designs and get rewards for them.
ADVANTAGES MORPHEUS LABS OFFER FOR USERS
- Morpheus Labs offers an opportunity for Low to High class companies to harness the power of the blockchain technology without breaking the bank.
- It also presents a cost effective design template for developers through their equipped labs with the right equipments to design quality blockchain applications that suits enterprise needs.
- The flexibility offered by Morpheus Labs through its multi blockchain and coding language in one platform feature will be a major assets for blockchain companies involved in varied human sectors.
- The Morpheus Labs network also presents an opportunity for users to express themselves using blockchain technology without necessarily being experts in the field.
THE MORPHEUS LABS MITx TOKEN
The Morpheus Labs Infrastructure Token (MITx) drives their entire blockchain economy and is an ERC-20 compliance token of the Ethereum network. It represents the core digital currency of the platform operations and services and can be used to establish cross chain and off chain application designs using Morpheus Labs network. The MITx token will also be used as subscription fee for all levels of service in the platform and also for payment in the App library and the DevOps tools market. It can also be used to get exclusive access to all of Morpheus Labs operations ranging from token reserves to priorities in regions and others.
USES CASE OF MORPHEUS LABS
Vector Electronics is a leading electronics design company renowned for manufacture of quality electronic products. Vector has recently adopted blockchain technology and we're willing to pay for the right developers to help design a blockchain network that will improve value transactions between them and their customers. Despite having spent millions of dollars in this project, Vector is yet to register a blockchain project that works well in improving their customer's user experience. A blockchain advisor in the company introduces Vector to Morpheus Labs and its unique inclusion enterprise grade blockchain and assigns their engineers to work using their design labs. Within the month, Vector was able to successfully design and deploy two tested blockchain projects through Morpheus Lab's technological support and ingenuity. Vector electronics experiences huge increase in customers due to their improved user friendly environment powered by blockchain technology.
MITx TOKENOMICS
The MITx Morpheus Labs reserves will see 45% of the entire supply being used.
Already about 200million MITx(20%) has been used while another 25% will be utilized within the next 5 years(2019-2023). A further 25% will be available for ICO and circulation. 10% will be for community engagement such as bounty, campaign and other games. 10% will be reserved exclusively only for the team of the Project, a further 10% will be for sustainability and root support of the platform while the remaining 5% will in the Morpheus Labs reserves.
CONCLUSION
To grow the blockchain, its usage has to be able to impact all aspects of human development and most importantly industries. This is why the Morpheus Labs project is one of its kind when it comes to human involvement in blockchain related enterprise operations. With the support they offer, blockchain technology's global adoption is just a few walks away from a big reality.
For more information and enquiries please visit
- Morpheus Labs Website
- Morpheus Facebook
- Morpheus Whitepaper
- Morpheus Twitter
- Morpheus Telegram
- Morpheus Linkedin
Author Information
Name: Onyeka Muoghalu
Email: [email protected]
Whatsapp: +2347031636166
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