Morpheus Labs Explained Part 2
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.
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:
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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Morpheus Labs Explained Part 1
In a new series of articles we went want to give you more insights and background about Morpheus Labs.
The Morpheus Labs Revenue Model
We are excited to share with you further details on the revenue model of the Morpheus Labs…