Introduction
Morpheus Lab is a blockchain based platform that helps to speed up applications development for enterprises and gives them the flexibility to choose between prototypes of different programming Language at minimal cost and time.
Morpheus Labs hopes to assist individuals and businesses to easily integrate blockchain technology into their enterprises with as little effort as possible. DApps development, ICO Platform for startup businesses, a mobile version for Dapps to enable optimal project tracking are some of the services that the platform would be rendering.
Problems associated with Blockchain Adoption
From scalability to insecurity, there is no shortage of problems that has hindered blockchain technology adoption throughout the world. Below are some of these problems and Morpheus Lab Solution to them.
Indecision on multi blockchain Usage
Since the discovery of the blockchain technology, there has been no shortage of emerging blockchains of different techniques. This makes it hard to choose for the entrepreneur who has minimal knowledge of the technology but seeks to benefit from them.
Morpheus Lab Platform allows its users to experiment with different blockchains and make better decisions as to which one best suit their needs. The platform also supports multi blockchain as a way to encourage enterprises with multiple blockchain needs. This helps reduce costs and helps save time
Installation and Testing Issues
Many Enterprises lack the technological knowhow associated with installing and testing many of the available blockchains. This, in a way, makes it hard and discouraging for them to integrate blockchain into their businesses.
Morpheus Lab Platform offers various pre deployed blockchain prototypes which are easy to install and even easier to use.This prototypes allow the users to experiment and learn about the technology at their own pace.
High Development Cost
The cost of launching a blockchain project is immensely high. This, in itself, is one of the most discouraging factors for enterprises. Many enterprises can’t afford it and as such, don’t bother with advancing their businesses via Blockchain.
Morpheus Labs Platform allows you to play around different blockchain Prototypes which reduces the cost of building from scratch considerably. They also offer ICO services and would work hard to assist company startups who are users of the platform. This way, the company would not be the one sourcing for funds.
Scalability and High Performance with interoperability are also features that come naturally with the Morpheus Lab Platform.
Principles of the Morpheus Labs Platform
There are various principles that guide the Morpheus Lab Platform to ensure maximum functionality. Some are;
I) Provide a secure environment for Platform users to host their blockchain network, thus maintaining data privacy.
II) Provide a defined way to integrate middleware services in the platform for additional integration with external world and other private or public blockchain networks.
iii) Build on cloud technology to further ensure scalability, elasticity and auto-provisioning of compute resources.
iv) Due to constant evolution of blockchain technology, the platform has been built to readily support new blockchain protocols that users may be inclined to install.
Platform Layers
The Morpheus Labs Blockchain Platform consists of different components integrated to ensure optimal users satisfaction. They are:
Platform Presentation Layer
This layer has components such as the Platform dashboard, admin console, operational console and blockchain developer workspace. The admin console will be used by the platform system admins for monitoring, management and security purposes. The platform dashboard is the users’ interface where they can create their workspaces. The blockchain operation console will be used by blockchain network owners, auditors and member operators for managing the platform blockchain network.
The dev workspace provides capabilities for the app developers to develop, test and display codes on test environments before moving them to Smart Contracts.
Blockchain Middleware Layer
This layer has components that provide services such as API management, cryptographic and security services, blockchain event hub and gateway adapters and application services. This layer is responsible for smooth integration of blockchains with enterprise systems and consists of a collection of application software and APIs that are to be used in developing blockchain applications on the platform.
Infrastructure Services Layer
The infrastructure Services Layer has components such as Virtual Machine infrastructure and Docker containers infrastructure. The Docker container infrastructure provides a complete suite to manage Docker containers on the blockchain platform. Virtual machine infrastructure provides a complete virtual suite to manage the hardware infrastructure of the Morpheus Labs platform.
Platform Management Layer
This layer consists of components such as Platform Catalogue Management, Blockchain Monitoring Dashboard, Blockchain Permission Management and Blockchain Audit Management.
This layer has components designed to create and manage middleware services and blockchain specific services such as blockchain development sandbox and coding languages. This layer also provides audit management capabilities to blockchain network auditors in addition to network management and provision on the blockchain network.
Token Metrics
The token for the Morpheus Lab Platform is the MITx. This token is used to drive incentives amongst platform users and to subscribe to the platform. The token is also used by the platform enthusiasts for staking access exclusive features in the platform. The token would be used as a means of payment for transaction carried out on the network as ‘gas’ for blockchain transactions. It would also be used to pay developers who have developed apps in the appLibrary. The total supply of the token is 1billion; with a total of 450m to be burnt within a period of 5years. The token metrics of the Morpheus Platform is unique and speculations of increase in price would not be farfetched.
Conclusively, the Morpheus platform hopes to provide the much needed ‘infrastructure’ needed to bridge the gap between the enterprise world and blockchain technology. With scalable and high performance features, the platform would achieve the much needed connectivity and extend the full benefits of the blockchain world to enterprises. With a team of over 70years combined experience in blockchain and business technology, it is easy to see how the platform would make the huge difference required to move blockchain adoption globally.
For more information, please visit the website at https://www.morpheuslabs.com