The Limits of Supply Chains
An Overabundance of Stakeholders
With the advent of globalization, supply chains have become incredibly complex. To start, a typical supply chain involves an entanglement of stakeholders spread across the globe. Each subject to different regulations, languages, currencies, etc. It is also important to note that there are co-dependencies throughout the chain, as well as a multitude of intermediaries involved in the physical movement of goods.
As a result, in a typical supply chain, there are on average more than 40 contact points between the different entities involved. All these contact points are subject to irregularities caused by human factors: submission errors, delays in sending documents, lost packages, payment delays, etc. For sensitive products, a small oversight can have disastrous consequences.
A Multitude of IT Systems
Today, the backbone of supply chain networks relies on many different IT systems and platforms. This includes various Enterprise Resource Planning (ERP) platforms, Warehouse Management Systems (WMS), and order processing systems, to name just a few. Poor coordination of all these tools can harm the effectiveness of a logistics chain.
Additionally, all these IT systems generate a constant flow of data, which is often stored in massive databases. In addition to being very costly for businesses, the sharing and linking of these data is virtually non-existent.
The Benefits of an Efficient Supply Chain
Saving Time and Money
Efficient management of a supply chain is one of the key pillars of a profitable business. Efficient management not only allows companies to mitigate sometimes costly unexpected events but, more importantly, to create competitive advantages and new revenue sources.
According to the World Economic Forum's report, "Enabling Trade: Valuing Growth Opportunities," reducing inefficiencies in the supply chain could increase global GDP by nearly 5% and total trade volume by 15%. This equates to a potential global saving of up to $2 trillion.
Introducing Morpheus Network
Morpheus Network was created to help businesses maximize their revenue by eliminating the complex issues associated with supply chain systems. Morpheus Network is presented as a platform capable of automating the flow of goods based on each client's needs so they can achieve greater efficiency and cost savings.
How Does Morpheus Network Work?
Digitize and Automate
First, the platform gathers all the data from a supply chain in one place. To do this, it uses IPFS, a B2B content sharing protocol, so that all the involved entities can retrieve and store documents (customs, shipping proof, status, etc.) that are updated, authenticated, and verifiable.
Then, after digitizing previously manual processes, Morpheus Network connects and automates a range of systems through what are called "smart contracts," which serve as the system's cogs.
What is a Smart Contract?
A smart contract is a program whose execution does not require the intervention of a third-party trusted authority. In the context of blockchain, it is a program that automatically activates on the network when certain conditions are met.
These conditions are predefined by the contract's creator and are immutably written on the blockchain. The contract can then be automatically triggered when these conditions are met on the blockchain. Unlike a traditional contract, no third party will carry out the contract; everything is automated.
A Personalized Approach
Morpheus Network also allows its clients to integrate various technologies into their new supply chain (blockchain, IoT, artificial intelligence, machine learning, big data, etc.), so they can tailor their ideal logistics chain as they see fit. More than 100 modules, encompassing a wide range of technologies, are offered to allow each client to translate their specific needs into adapted and optimized digital processes.
Morpheus Network: A Project Full of Future Potential
A Demonstration of Strength
In search of legitimacy and new partners, Morpheus Network chose to participate in numerous international awards that recognize emerging "tech" companies. This approach has paid off, as the company already won the Future of Ports 2021 from Gulftainer, against 2,000 competitors worldwide.
The company was also a finalist in the Startup World Cup 2021, a prestigious competition supported by major industry and entrepreneurship names, which has awarded millions of dollars to the most promising startups since 2019. This is extremely powerful publicity for any company seeking recognition and legitimacy.
Market Giants as Partners
After these victories, it did not take long for Morpheus Network to attract the attention of the biggest players. The simple fact that they belong to the Blockchain Transport Alliance is proof enough. This organization brings together several industry giants from the transport and logistics sector who are interested in blockchain. Among these giants are: FedEx, DHL, UPS, JD Logistics, Penske, Salesforce, and SAP.
An Expert Team
The Morpheus Network team has extensive expertise to ensure the smooth operation of the platform. Each team member has significant experience in their field, whether it be in new technologies, logistics, accounting, or law. They have all previously worked with large companies such as IBM, Deloitte, DHL, BMO, GE, Canada Trust, American Express, etc.
Morpheus Network Token (MNW)
The MNW token acts as the fuel that powers the entire ecosystem of the Morpheus Network platform. The ERC-20 tokens issued on the Ethereum blockchain are subject to fees related to the execution of smart contracts. MNW is at the core of the exchanges that take place between all actors in the supply chain, making it a so-called "utility token."
The token has a total supply of 47,897,218 units and is ranked 624th in market capitalization. It has a daily trading volume of over $268 million and is valued at €0.62 at the time this article was written.
Should You Invest in Morpheus Network (MNW)?
Although the Morpheus Network project has a promising future, the price fluctuations of its token remain concerning. In November 2021, the token reached a peak of €4.36 before dropping back to its current price of €0.62. While it’s difficult to predict what will happen when the markets recover, speculating on this token seems like a golden opportunity.
However reliable it may seem, a cryptocurrency project is never without risk. The high volatility of this token is proof of this. This makes such an investment quite risky, especially for beginners in the cryptocurrency world. Therefore, it is recommended to exercise caution before jumping into this type of investment.
