Morpheus Labs Works on VeChain to Create a Blockchain Service Stack
Morpheus Labs is working with VeChain to Create a Blockchain Service Stack
Morpheus Labs recently announced they would collaborate with VeChain, something that they consider a breakthrough for their ecosystem. The milestone came after various rounds of studies and trials. This would not have been possible without Mr. Gu Jianliang, the CTO of VeChain.
Details of the Deal
Morpheus Labs is a company based in Singapore that wants to develop a full-stack platform powered by the blockchain. The company creates the infrastructure that business and developers can utilize to create apps and experiment at a small price and minimal time. This will be a one-stop-shop for development of smart contracts, DApps, and back-end functionality.
VeChain and Morpheus Labs will collaborate on a project that will create templates for all the development needs of a developer. These templates will cover smart contracts, node deployment, SDKs, and even the front-end development. This solution will be ready for entrepreneurs with little further development required.
The core team has a lot of expertise in their respective fields. They are able to incorporate partners such as VeChain to scale the business towards the aim of being a dependable service provider that offer easy-to-use tools to develop and aid in the deployment of quality DApps.
VeChain was created in June 2015. It wants to bring DLT to the masses by offering a governance structure back by a strong economic model and great integration with Internet of Things (IoT). VeChain has helped bring various apps powered by the blockchain to the masses. It currently operates in Luxembourg, Paris, Shanghai, Singapore, San Francisco, and Hong Kong.
VeChain has homegrown IoT solutions and supply chain management solutions in tokenization of assets. It also has a VeChain twin-token system. All of these could be accessible via the Morpheus Labs platform once the integration is complete. The two companies are always consulting to ensure users get the best platform possible. Besides that, business will be able to test various use cases using the VeChainThor blockchain.
The Morpheus CTO Bruce Lu said that by working with VeChainThor, they would add value to their platform and boost the confidence users have in them. This is because the VeChainThor technology will allow users to rapidly prototype and deploy their projects and apps. This offers them a competitive advantage in the rapidly evolving digital world.
The CTO of VeChain said that he was happy the company was progressively working with partners such as Morpheus Labs to shape the blockchain world. He said that he personally believed in the Morpheus Labs model of offering developers a single platform where they could create DApps. This would help to ease the load for developers as they seek to deploy their apps. He added that this feature would assist developers to deploy their efforts to other important areas of the project.
The partnership’s goal is to increase the adoption of blockchain technology by the masses. Both companies want to explore other areas where they can work together. They intend to release details once they find areas where they corporate.