Update 14.03.2018: Adjusted the end date of the presale to March 17th. Extra 12% bonus period extended to March 17th.

The main sale will be 30 days starting 5 days later on March 22nd

Main sale from March 22nd to April 22nd. One of the probably most ancient occupations is bartering or trading. In the past, locally found resources were used, processed and traded with neighbors and neighboring towns. Nowadays resources need to be imported, products assembled, shipped and sold in stores. All of this no longer happens in just one location in just one country. Behind every trade and product now stands the supply chain. This distribution of processes over the whole world John Naisbitt described in 1982 using the example of the automotive industry. The term globalization was termed in that regard and now popular. The impetus of globalization was colonialism and later the fall of the Iron Curtain as well as the immense technological progress. Even if modern technology enables as well as eases global trade there are still many obstacles and a lot of room for improvement. The startup Morpheus.Network feel they are up to the task. Specifically, they plan to automate the supply chain(SC) and therefore make it more efficient as well as more cost-efficient. CryptoGo had a closer look at the project.

Problem:

Many nations are involved in the SC.

The companies have to work with diverse currencies, i.e. they are at the mercy of currency fluctuations. The transfer of currencies between different countries takes a lot of time.

Many different laws and import regulations need to be observed.

There aren’t trade treaties with all countries, custom duties apply. Delivery documents often need to be on hand in the original.

Data protection needs to be guaranteed, loss of data avoided.

Forgery or retroactive change of documents must be prevented.

The transport and protection of delivery documents are very elaborate, time intensive and expensive. Not every partner is trustworthy. Transparency

Blind spots in the SC hamper tracking and reduce transparency.

Solution:

Introduction of a hybrid blockchain and the MORPH token

No currency fluctuations

Instant execution of transactions

Laws, fees, tools and the like are researched beforehand by experts and added to the Smart Contract. Storage of original documents off chain.

Digitialization and maintenance with storj.io

Documents that are once in the blockchain cannot be changed without notice. Network offers an escrow service. The mapping of the SC on the blockchain makes every step of the process transparent and traceable.

Team:

The website already introduces a fairly extensive team and a large pool of advisors. The founders and staff members have encouraging experience in their respective areas and the distribution of staff members to required positions/tasks looks well-made.

Danny Weinberger, Co-Founder and CEO

Danny worked for a machine distribution and logistics company for 15 years. There he was able to build his expertise for transnational transport as well as a large network of partners and customers. Both are excellent conditions to lead a project like Morpheus.Network to success.

Noam Eppel, Co-Founder and COO

Noam studied information security and then consulted for international corporations for a long time. Moreover he taught web development and information security at a college in Toronto and developed an online class along with it, which is used by companies far beyond the borders of America. If you believe the statements on the website he contributed to projects like myetherwallet, ethereum.org and wordpress. How exactly and to what extent is unclear.

Furthermore the team consists of 4 blockchain developers, 6 marketing specialists, 3 legal consultans and one crypto kitty. All staff members can boast useful references and even awards in their areas. However, on the developers LinkedIn-profiles you don’t find Morpheus.Network but Winjit as their employer. But Winjit is a partner of Morpheus. Now if those developers have been deployed for that project or were on board with enthusiasm from the start and will stay on is uncertain.

The advisor-team also consists of some top-class people. The first person listed is Roger Crook. Crook was CEO of DHL but had to step down. Currently Crook advises a lot of blockchain-projects. Now if that speaks to his expertise and is good the startups or only serves to fill up his bank account we can’t say.

Further advisors are from relevant sectors (Banking, Logistics, Tax, Global Trade etc.). The selection of advisors seems to be well thougth out and turned out well.

So the token sale was acquired with Brian Taylor of Deloitte LLP.

Product

Goal is a network of payment service providers, banks, suppliers, manufacturers and customers. The base for this is a hybrid blockchain based on Ethereum, so a combination of private and public blockchain. If they developed the private blockchain themselves or used an existing solution, we don’t know.

Then, on this blockchain payments are to be made, documents transferred and stocks of inventory reported, among other things.

With the MORPH tokens you pay the transaction fees. If you want to, you can generally use MORPH for all payments, otherwise othe currencies like i.e. Dash or Ripple are available. These guarantee a fast transfer and avoid fees for foreign transfers and currency exchanges.

Transaction time:

Transaction fees/remaining amount:

The observant investor notices that after deductions of 1,5% fees $98,50 should be left over. Were the amount of $98,80 comes from remains questionable.

Both diagrams can also be found on monetha.io but with correct data there.

Through integration of the SWIFT system they are compatible with more than 1600 banks in 213 countries and all currencies. Morpheus.Network also offers an escrow service. With it they want to remove the problem of trust and guarantee their safety and their money to all participants.

Through integration of storj.io the necessary documents are digitalized, saved and transferred. This avoids the, until now, high transport fees and security measures for the transmission of the important original documents.

Also, by means of smart contracts, sales, deliveries and changes of inventory etc are mapped on the blockchain and transmitted to all relevant partners and, if desired, directly paid with MORPH tokens . Diese Automation der Supply Chain soll viel Zeit und Kommunikationsaufwand ersparen und verhindern, dass es zu Lieferengpässen oder ähnlichem aufgrund falscher oder zu später Bestellungen kommt This automation of the supply chain is supposed to save a lot time and communication hassle as well as prevent supply shortages, or similar issues, due to wrong or too late purchase orders.

Additionally, any and all logistics know-how is integrated so that it’s easy to get to know legal regulations and adhere to them and to calculate customs duties.