INTRODUCTION
World trade has many difficulties in its field of activity. This includes bureaucracy, filling in a variety of documents, disrupting timely delivery of goods, etc.
The world economy relies on the rapid import and export of goods involves some difficulties:
execution of documents in accordance with local rules.
cash transactions missing income from bank charges, conversion rates and costs.
reliable business partners. The fear of threats from competitors. organizations try to protect their data by not sharing with partners.
In the organization, there is a loss of products and documents, which leads to ignorance of the location of the goods. One small mistake in the execution of documents can lead to delays spoiling the cargo and withholding payments. Indeed, in the process of processing and forwarding documents, many people take part. These are exporters and importers, insurance companies, customs agents, terminal operators, freight forwarders, carriers. They all use the bill of lading. It is sent after the seller receives a message about the arrival of the goods.
ABOUT MORPHEUS LAB
The network Morpheus removes the complexity of this process. When a document needs to be exchanged with several institutions, it is placed in a blockchain, which allows you to view updates in real time, but not to change and tamper with it. All this saves time and costs and provides an opportunity to provide a high level of trust. The Morpheus network uses blockchain technology to integrate it into the supply chain in order to see breakthroughs in automatization, optimization, security, visibility and prediction. Implementing automation through Smart Contracts provides a supply chain with pre-established automated agreements, transport and customs documents, and automatic international payments.
Other blockchain technologies, as part of the Smart Contract, are an important feature that helps automate the logistics system. This is all about integrating with other blockchains used by the Walton Blockchain to indicate the arrival of a shipment using an REID scan or using Sia to check the data transfer as a target in Smart-Contract.
ADVANTAGES
The Morpheus network has many advantages: No need for courier services to send documents (reduces the risk of delayed blasted or late documentation). The ability to view all the flows of funds and documentation in any transaction, using the functionality of Morpheus.
The lowest cost of sending money abroad. Provides complete data privacy. Using the ability of the blockchain to connect different ecosystems to a common platform, the Morpheus network uses a permitted blocking chain that provides a hybrid between the model of "lower trust", public block chains and the model of "single highly receptive entities" of private chains.
Based on this, a network consortium of Morpheus will be created protecting access and blocking of certain data.
The Morpheus network has a simplified and optimized dashboard view.
Allows you to make instant money transfers to more than 200 countries.
It makes major transfers to more than 1,600 banks internationally. To do this, it uses the latest and fastest blockchain technology, as a member of the Smart Contract for companies engaged in large-scale business, with the ability to connect to the SWIFT system. It will be used by exporters and exporters to replace bank transfers, which are expensive, slow, unseemly, and outdated.
Automatic international payments and employment contracts ..
Morpheus has a great future, as other companies and platforms based on the blockchain, such as TenX, Monaco, Paypal, Alipay and Wechat, do not provide such security when it comes to international transfers related to import and export operations. Creating and storing source documents on a blockchain such as production or work contracts and delivery forms (commercial invoices, packing lists, insurance documents, bills of lading) are key features of the network.
The import and export process of the Morpheus Network platform reduces to a minimum by introducing blockchain technology, artificial intelligence and instant calculations in cryptocurrency into the logistics system.
**FOR MORE INFO VISIT **
Website - https://morpheus.network
White paper - https://morpheus.network/whitepaper/
Facebook - https://www.facebook.com/themorpheusnetwork/
Twitter - https://twitter.com/morphcrypto
Telegram - https://t.me/themorpheusnetwork/
Bitcointalk ANN tread - https://bitcointalk.org/index.php?topic=2723338.0
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