A DING IN THE UNIVERSE
The world of the blockchain continues to expand at a geometric rate, development and changes in all sphere seems alarming. Such is the hallmark of this revolutionary technology. As fast as the train of events moves in the blockchain space, small scale, institutions and big corporations are also pitching their tents with different experimentation on the best use case for the technology.
At its core, the very nature of experimentation usually does not preclude some level of high cost implications, tardiness in deployment and execution, risk of failure in commercialization and above all a lab-like settings to explore the feasibility of such projects before it hits the mainstream.
Morpheus labs is about to redefine how we interact with the blockchain technology. To a layman, it is some sort of computer jargon and high level network systems. But Morpheus labs makes simple what’s viewed as complicated and technical. Applications development would take a new form through the flexibility of choosing what programming languages and run time any developer would love.
Anyone armed with a sufficient beginner to intermediate programming ability, developers, managers and any blockchain enthusiast would be able to experiment with creating applications in a collaborative controlled environment.
About Morpheus Labs Blockchain As A Service (A layman version)
At its core, Morpheus Labs provides a comprehensive enterprise-grade blockchain platform as a service (BPaaS) with an additional blockchain app marketplace that enables organisations of any size, regardless of whether they are a two-person company or a Fortune 500 company, to rapidly design, deploy and operate distributed ledgers.source
For example, suppose a person named Andrew is a startup owner. He’s read so much about the blockchain and now aims to incorporate his business leveraging the unique capabilities of the blockchain technology. But Andrew is limited by capital and time, even, he cannot afford to loose on his first attempt because he’s putting all at stake.
The solution to Andrew’s predicament is a lab-like environment with scalable and on-demand infrastructure in the cloud. He can experiment his idea on multiple technologies (provided by Morpheus labs BPaas) to see which one will exactly suit his business needs. And all these can be done without upfront capital expenses and establishing physical infrastructures.
He can access Morpheus labs library for a ready-to-use apps related to his business which he can quickly customize himself. This shortens the time of creation and also lowers costs significantly while the unique business idea is not compromised in any way.
The unique advantage in a model like this…( bit nerdy here)
Leveraging the use of blockchain technology through a simplified and less complicated channel is the desire of many non-technical business people and idea originators. With Morpheus, the heavy-lifting job is done for you, all you need to do is continue to generate ideas and run it as experiments till you get the exact tech. that best fits your idea.
Integrating a platform to offer multiple experiments has never been easier. Morpheus Labs serves as a front burner in minimizing the time to experiment on various platforms while simultaneously switching between any. Morpheus labs will provide individuals and organizations easy access to a platform that enables them to test different blockchain protocols.
Morpheus labs also supports distributed hosting for blockchain network nodes and off-chain apps while providing a centralized platform service. They also offer a turn-key solution for enterprises.
The platform architecture is such that it supports multiple blockchain technologies. The blockchain platform Morpheus labs supports are ethereum, hyperledger, multi-chain and there is plan of extending beyond this in the future.
Morpheus Labs Tokenomics
It is worthy to mention that the platform is not only a lab-like platform, Morpheus Labs also offers hosting services, bockchain app deployment and a marketplace for buying and selling blockchain projects.
The business model is somewhat subscription based as its no surprise as this form of business model is currently gaining momentum in the business world. The reason for this is to ensure sustainability and at best reduce cost significantly. The business model is based on a combination of fixed, recurring fees and one-time initial fees under three tiers (for enterprise).
There is also an income generating model tied to the app library, wherein a certain commission percentage goes to Morpheus Labs on any of the purchase made. All these are done with the MITx token.
As a result of this, the ecosystem continues to expand as the mainstay of major stakeholders in telecommunications, software development houses, blockchain protocols, innovation labs etc..
This owing to the value adding services Morpheus Labs deploys for this companies and it has led to numerous signing of partnerships and MOU deals.
Finally
Morpheus Labs aims to demystify blockchain technology and break down traditional barriers to entry by removing obstacles for individuals and corporations. Morpheus Labs’ mission is to make blockchain protocol accessible to the average user. By allowing average users to easily and safely create apps, test multiple blockchain protocols and have an environment to learn and experiment with different ideas.
Great and promising project, thanks for breaking it down
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit