The Morpheus network was established in close consultation with some of the biggest customs, shipping, and banking companies. Its aim is to come up with a fully-fledged supply chain platform that uses cryptocurrency payment protocols employing the blockchain technology.
Automatic digitization and generation of the original shipping contracts as well as documents
Well documented shipping and customs details that comply with international regulations
Integration of any other blockchain technologies to be incorporated as the main goals in any given smart contract
Layered security levels and high-tech encryption techniques with flexible permission settings
Furthermore, as other crypto based payment processing systems target the electronic retail business, the Morpheus Network main target is on the import and export field and global payments, in local currencies to more than 200 countries all over the globe.
When dealing with international money transfers, buyer assurance and security is of utmost importance. Morpheus rating system will give prospective network users assurance that they are dealing with a reliable company.
Who Can Use Morpheus Network Supply Chain Blockchain?
The Morpheus Network can be used by almost anyone. First, a wallet is created once you complete the registration process. The platform is easy to maneuver. A buyer can make whatever purchase they wish to make. This can range from a small transaction, to an intricate Smart Contract purchase that comprises of global money transfer involving conversions of currencies and documentation of goods to be exported.
Buyer, sellers, manufacturers, and exporters can sign up on the network to gain a wider international exposure, as well as all the other benefits that come with using the Morpheus Network when compared to traditional banking.
What Is The Role Of Morpheus Token?
The Morpheus Token (MORPH) is what powers the Morpheus Network.
The MORPH is a value-based utility. For global payments, the network has integrated Microsoft Dynamics 365 ERP system with SWIFT.
These tokens enable the user to access the Morpheus network. A vital objective in a Smart Contract of any international supply chain are payments that cross borders. The value of the Morpheus Token is based on the real time value of the currency required to execute a full payment as a Smart Contract objective. Through it’s integration with SWIFT, they are able to directly send payments straight into bank accounts of more than 1600 banks internationally in the given currency needed (fiat or crypto) through the Smart Contract.
Website: https://morpheus.network
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