[Crypto Currency] Morpheus Network (MORPH) Dreaming of a global trading platform
According to a report by Transparency Market Research (TMR), a global market research firm in the US, the global logistics market is expected to grow at an annual average growth rate of 7.5% by 2024, to about $ 15.5 trillion.
The global logistics market is estimated to be about $ 8.7 trillion by 2016, which is expected to double in the year to 2024.
So, in a fragmented market structure led by four major logistics companies, investment in product innovation and physical expansion plans will be an important requirement for future market leadership.
The Morpheus network tries to build a network of global trade utilizing block-chain technology. SWIFT's payment method and MS ERP method are connected within the Morpheus network, allowing the system to be settled in over 1600 banks around the world, trading contracts between customs, customs and customs clearance through smart contracts.
In such a smart contract, it is also possible to automate transactions such as other block chains or block chains (RFID scanning, barcode data), etc. so that transactions are facilitated. In this process, symbolizing the value of the Morpheus network becomes a MORPH token It is.
Importers and exporters to improve the purchasing process and to close complicated contracts with SWIFT in more than 200 countries around the world.
We will build a large-scale remittance platform to cover the world's banks to do this, and we will make it possible for importers and exporters to trade directly through the platform instead of banks.
We will also introduce an escrow system that will allow us to bundle up the amount we have paid after the completion of the smart contract to reduce contractual flaws.
This is a table showing that the Morpheus network connects to the block chain for the international payment method.
The Morpheus Network team, which was formed in 2016, will form the North America and Asia branch in June 2016. In August 2016, we initiated contact with industries entering the network and began discussions and negotiations with Deloitte LLP or TD Canada Trust.
In May 2017, Wilson International became an advisor to the shipping industry and has a partnership with Winjit.
In October 2017, we will try to connect with SWIFT and bring in William Liu, the area manager, as an advisor.
In January 2018, the BiTA is included in the block chain transport alliance.
We plan to develop and test the Morpheus network in April with the future plan, expand the Morpheus network operation team, and plan to discuss with several exchanges for listing in May.
We will test for network use in July, plan to make deals through simulation in September, offer a platform for use in December, and launch a formal service in 2019.
Team member. You can see that this is a project created by experienced people with experience in the direction of the Morpheus network.
Danny Weinberger has worked in Stronghold Equiment for strategic marketing, operational efficiency and international customs regulations.
Noam Eppel has a history of working with security companies, teaching web security at a university in Toronto, online security courses used by companies throughout North America, and running security consulting services.
Roger Crook is a logistics specialist with global logistics at DHL.
It is an adviser.
Max Rive, consultant to Chinese companies, Gaurav Sharma, business consultants, Benny Pereira to complement the Atlas Cargo and Morpheus network logistics regulations, and William Liu, SWIFT corporate regional manager.
Crypto Kitty is a cat director.
Partners. Logistics companies belonging to BiTA and several software companies are shown.
And, you can see that it also includes banknotes from various regions.
In other words, we think that we are divided into three categories and are working together.
Deloitte, IBM, DHL, Standard Charted, American Express, Chase, and Sony.
Conclusion.
I think the Morpheus network is a project that can greatly shorten the issues of contracting, fulfillment and payment among the international logistics industry.
Automatic digitization of generated contracts, transportation information according to international regulations, customs and customs information, security contract execution and certification through smart contracts in the block chain, bank transfer, faster than bit coin of cryptography This can be seen as a way of solving a payment problem
We are also exploring why we chose the ERC20. It is easy to implement a variety of applications, including incentive schemes, and it also reveals the corresponding code structure.
I can express it as a functional configuration of the banking system, and I am aware that it is possible to implement their own network.
However, there is no doubt about the lack of specialists in the block chain, and whether real firms can introduce between transactions.
When we look at team members and advisors, we can see that there are people who are not well known to us, but who have been successful in their respective areas, but their experience and influence ensure that the morpheme network can actually be introduced I will not.
Personally, I think the Morpheus network includes transactions between logistics companies in Ripple's bank transfer system. So how much you can bring companies into the Morpheus network is the key to project success.
Morpheus Network: https://morpheus.network/
White paper: https://morpheus.network/whitepaper/
Facebook: https://www.facebook.com/themorpheusnetwork/
Telegram: https://t.me/themorpheusnetwork/
Twitter: https://twitter.com/morphcrypto
Medium: https://medium.com/@themorpheus
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