Distributed ledger technology is primed to become a force in the business world. There is a staggering number of governments and businesses expressing interest in adopting blockchain. Large enterprises such as IBM and JP Morgan have already integrated them into their processes.

Unfortunately, blockchain is complex to integrate into existing infrastructure, especially for smaller enterprises with limited resources. Conventional implementations of the technology usually require a large team of skilled developers proficient with the concepts of a blockchain.

The Opportunity

The overwhelming benefits that blockchain offers to business operations are undeniable. We're entering an age where every business is seemingly in a race to adopt. This has opened a huge opportunity for solutions that serve to reduce the time and resources needed to integrate blockchain technology.

That is why most of my investment focus in 2019 has been on finding and analyzing these soon-to-be highly sought after platforms.

Meet Morpheus Labs

One such solution that recently landed on my radar is offered by a company out of Singapore, called Morpheus Labs. They intend to solve this problem with a revolutionatry blockchain platform as a service (BPaaS).

The platform offers a lab-like environment with scalable and on-demand infrastructure. Not only can users benefit from the simplified experience of integrating blockchain into their business, but they can also experiment with multiple technologies without having to invest in infrastructure to validate each idea. Users are given the flexibility to choose between multiple programming languages and blockchain runtimes according to their current requirements.

CEO, Chuang Pei-Han estimates that the Morpheus Lab's BPaaS will reduce the necessary development resources and costs by 60-70%. This is a significant number and would allow for integration in a matter of weeks rather than months.

A common source of hesitation for enterprises to adopt blockchain at this early stage is the unpredictable development of the technology. What is best for their business needs today may not be the most efficient solution 2 years from now. The prospect of investing in additional infrastructure at any given time is a big deterrent. Morpheus Labs is working to remove that risk from the equation almost entirely. Their BPaaS platform will allow for seamless transitions as business needs or the overall technology in blockchain changes.

Here is an infographic I made to outline some of the key features:

Conclusion

Enterprise blockchain will undoubtedly become an enormous opportunity as more and more companies discover how the technology can improve their operations. The ability for an enterprise to access existing architecture that can be customized to their needs is nothing less than a game-changer in this space. The platforms that deliver these solutions are crucial to the blockchain development space, as they will eventually serve as gateways for mass enterprise adoption.

The only question that remains is, in a space that is rife with competitors, what gives Morpheus Labs the advantage? This is where the real fun begins. I explore that important question and more in the following article:

Why Blockchain Investors Should be Paying Attention to Morpheus Labs

Disclaimers: