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Morpheus Labs

Morpheus Labs Explained Part 2

Problem Statements

In this edition of the “Morpheus Labs Explained” series, we are taking a closer look at the problems that the Morpheus Labs ecosystem is aiming to solve.

Introduction

Distributed ledger technology (DLT), also known as blockchain, is a relatively new technology made famous by Bitcoin in 2008. Globally, governments, enterprises and idea owners are eager to find the best fit use cases in various industries. Restrained by global shortages of experienced blockchain talents, and challenged by evaluating and adopting blockchain technology, most projects were initiated as proof-of-concepts and most ideas died before they could pivot or mature for commercialization. Most of the time, these challenges can be identified as listed below:

Technology evaluation

Enterprises have difficulties evaluating multiple blockchain technologies and selecting which to use because they lack collective blockchain expertise and a single multiple-blockchain-enabled test environment. For example, many blockchain technologies are available now, such as Ethereum, HyperLedger, Multichain, Ripple and more, but no single platform provides a test environment for these blockchains, and no single technology vendor or consulting firm has deep collective knowledge of these blockchains to help enterprises select the best fitting blockchain technology.

Difficult to find fit use cases and evaluate business benefits

Companies have difficulties finding the use cases that will apply to their industry and knowing how to evaluate the return on investment.

No easy way to install and test

Piecing together the blockchain nodes, storage, cloud development environment and GitHub requires a lot of effort and time.

High development cost

The cost of blockchain project development, whether in-house or outsourced, is prohibitive for a lot of enterprises to build an application from scratch for idea validation, let alone going through trials and errors. Thomas Edison famously ‘failed’ 10,000 times before inventing the light bulb. Our platform makes failing less costly and allows innovation to go through its natural process.

In future articles of the Explained series we will discuss how Morpheus Labs will solve these problems and various other topics such as:

  • Value Proposition
  • Platform Architecture
  • Market Size
  • Business Model
  • Token Use Cases
  • and many more…

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Further Readings

The Blockchain-Platform-as-a-Service (BPaaS) for prototyping, deploying and operating Dapps at minimal cost and time. | https://morpheuslabs.io

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Morpheus Labs Team

Morpheus Labs Team

The Blockchain-Platform-as-a-Service (BPaaS) for prototyping, deploying and operating Dapps at minimal cost and time. | https://morpheuslabs.io

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