Following a ground-breaking partnership with SAP, Morpheus.Network is excited to announce the signing of a strategic partnership with Cubic, an online platform that allows warehouse owners to rent out unused space!

Based in Mexico with ties across Latin America, Cubic currently works with 18 warehouses nationally, acting as an intermediary between warehouse owners and those looking for storage space. Cubic uses its industry expertise to identify the best warehouse for its clients and negotiate all aspects of the contract and subsequent service with the warehouse owner. Cubic’s use of the Morpheus.Network platform will allow them to optimize various processes within their operation through a blockchain-based ledger, cryptocurrency payment solutions, and smart contracts.

One of the first adaptations will be within the payment mechanism, where fiat and cryptocurrency-based payment systems will be implemented for client convenience. The payment system is being developed through our partnership with the 2017 Swift GPI award winning payment processor AccessPay. The multi-flow payment system will result in savings and increased speed on domestic and international payments sent and received, as well as the ability to accept a wider variety of global currencies. This blockchain-based system will also streamline how Cubic deals with SAT and PECA duties, taxes, and payments to service providers.

Following these financial improvements, Morpheus.Network and Cubic will begin work on document/contract generation and storage. This critical element of the new infrastructure can digitally generate, verify, and store original documents using the blockchain to prove authenticity and ownership. Authenticity carries tremendous weight within the industry, so the ability to quickly and accurately prove legitimacy and ownership will benefit both warehouse owners and tenants. The next stage of development will involve pallet tracking within the warehouse, using Bluetooth devices to report directly to the Morpheus.Network platform. This will allow them to instantly locate any particular pallet and track its location history, contents, and ownership details on the blockchain.

In line with Morpheus.Networks’ vision for the supply chain of the future, Cubic will implement a variablized fulfillment supply chain featuring a local supply chain for products sourced within Mexico and cross border/ocean shipped imports into Mexico. Cubic will complement the huge advantages of blockchain technology with the latest innovations in RFID, QR, and IoT to use as tracking tools until point of delivery. Cubic will also work with Morpheus.Network to build a distributed database of logistics assets, such as warehouses and trucks, using a permissioned blockchain that will add transparency while retaining customer privacy, and promote trust between parties.

Cubic CEO Gemma Ixtla Garriga said:

“Cubic is extremely excited to be working with Morpheus.Network in implementing the newest and best technologies available to optimize all areas of our business. We are of the strong belief that blockchain will revolutionize the shipping and logistics sector in the coming years, as well as many others, and we are proud to place ourselves at the forefront of this revolution. We couldn’t be more thrilled to work with Morpheus Network, whose vision and expertise we feel will assist us in shaping the future of Cubic.”

Morpheus.Network is committed to the concepts of blockchain and associated technologies as the future of global logistics. We are thrilled to have the opportunity to work with Cubic on a framework that will not only boost their business today, but put them firmly at the forefront of tomorrow’s technology.