Morpheus Network utilizes a Permissioned Blockchain which provides a hybrid between the ‘lower-trust’ model of Public blockchains and the ‘single highly-trusted entity’ model of Private blockchains. The Morpheus Network Permissioned Blockchain maintains the privacy of user’s data, without consolidating power with a single organization.

A trusted Morpheus Network Consortium will be established to control access to the blockchain and will play a role in maintaining the blockchain in a decentralized manner.

Document records on the blockchain can be accessed only by authorized participants; this can be all participants or only those that need a particular portion of the data. Document ownership and access can be anonymous yet securely identified between partners who require verification. In short, it can be widely shared and protected at the same time.

Documents are stored in an off-chain container which allow Morpheus Network Smart Contracts to harness the full power of the blockchain’s capabilities while protecting private data. This ensures the correct balance of privacy and transparency. One feature of blockchains is data immutability; once data has been written to a blockchain nobody, not even a system administrator, can change it. This benefits the Morpheus Network users by creating a secure audit trail of all documents and transactions to ensure compliance with local regulations.

Noam Eppel, one of our founding team member has a speciality in information security, having run a successful security company for 5 years. He has taught web security at a college in Toronto and created an online security course used by companies across North America. He has also provided security consulting services on behalf of leading technical companies including IBM.

Additionally, to help secure funds raised during the pre-sale and Token Sale, all funds will be converted to Ethereum and stored in a multi-signature wallet. A multisig wallet is a technique that requires multiple people to approve of the release or transfer of funds. The multisig wallet keys will be held by founders of the Morpheus Network team as well as members of the advisory board from companies including Deloitte LLP, TD Canada Trust and Toronto General & Western Hospital Foundation.