Blockchain is a hot topic in the business world for its potential to disrupt various industries. It is going to change our lives — the way we store information, the way we transact, the possibility of streamlining business processes to achieve cost efficiency, and much more.
Since the Morpheus Labs BPaaS launched in October 2018, the Morpheus Labs team has been working on intensive and important development steps on the platform. The platform was first conceived with a purpose to simplify the process of building blockchain applications to meet business needs in the future. Along the way, we want to ensure that the platform components are enhanced and optimized for building blockchain solutions quickly and easily.
Adapting to Growth
As we move towards Morpheus Labs BPaaS V2.0, we are pleased to share our growth reports. The metrics are as follows:
- Project and application downloads
- Number of subscriptions
- Blockchain network set up and utilization
The above chart shows the aggregated trend of projects initiated in the CDE (Collaborative Development Environment). This indicator shows a growing trend of platform utilization for application development using our stacks to create new code or re-use the code downloaded from the AppLibrary.
The number of subscriptions does not equate to the number of users on our platform. As we have a team management feature on the platform, one subscription may consist of one or more users.
The demand curve is not linear as the subscription growth was highly influenced by the gradual integration of new protocols and features. However, the second quarter of 2020 shows a growing trend for both individuals and enterprises.
The above graph shows the upward trend of the overall utilization of private blockchain networks for application development and training purposes. V1.0 does not take into account the platform utilization in conjunction with public networks. In the future, we will capture this data, in particular, as V2.0 will allow users to smoothly use public blockchain networks (eg. Baseline APIs).
Morpheus Labs wants to thank each and every one of you for believing in us and for your continued support. The road to success is often challenging but our passionate and talented team members continue setting ambitious new goals and making progress behind the scenes. We are lucky to have such a great community and we appreciate your support throughout our journey. We hope that you will continue to support us as we strive to expand and innovate in the blockchain and technology space.
The Morpheus Labs Team
About Morpheus Labs
The team at Morpheus Labs comes from diverse backgrounds banded together, has created Morpheus Labs BPaaS (Blockchain Platform as a Service), a go-to platform offering mission-critical tools, infrastructure, various blockchain protocols, and blockchain use case references for enterprises and developers to build, experiment and manage their own applications effortlessly at minimal cost and time.
Refer to https://docs.morpheuslabs.io for further information about Morpheus Labs BPaaS.