Morpheus Labs aims to simplify and expedite blockchain application development. Find out how they plan to accomplish that goal today in our review.
What Is Morpheus Labs?
Morpheus Labs, found online at MorpheusLabs.io, is a blockchain application development environment that allows developers to choose between available programming languages and blockchain runtimes to better suit their needs. Morpheus Labs offers business process as a service, or BPaaS.
The goal is to create an environment that simplifies and speeds up blockchain application development. It’s a collaborative development environment with workspace management tools, a version control repository, and preconfigured tasks, among other features.
As the Morpheus Labs website explains, “Let our platform do the heavy lifting while you focus on value-adding work such as application creation and experimenting with the blockchain technologies at a fraction of the cost and time.”
What Problems Does Morpheus Labs Seek To Solve?
Morpheus Labs believes today’s developers face a number of major problems when creating blockchain applications. Some of the identified problems include:
Enterprises and developers struggle to choose the right blockchain technology. With dozens of major blockchain platforms from which to choose, it’s difficult to know which one best suits your needs.
Which Use Cases?
Enterprises and developers struggle to decide on use cases for their application. Companies may not understand the use cases that apply to all industries, for example, nor do they know how to evaluate their return on investment from developing the application.
How Do I Deploy And Test My Application?
Developers often struggle to piece together blockchain nodes, storage solutions, a cloud development environment, and github. It takes a lot of effort and resources. This process can exclude many companies or startups – except those with deep pockets.
How Does Morpheus Labs Work?
Morpheus Labs aims to solve all of the above problems by creating an environment where developers can try new blockchain technology, then evaluate how that blockchain technology meets their needs. developers can solicit new ideas or tools from the community, deploy their app for testing, and enjoy a scalable enterprise-grade blockchain environment.
Morpheus Labs Features
Some of the key features of the Morpheus Labs platform include:
Evaluate And Try Different Blockchain Technologies:
Experiment with different types of blockchains on a single platform. Don’t waste time switching between platforms, applications, and providers.
Solicit new ideas or tools from the community. Get expert advice via crowd wisdom. Aggregate innovative solutions in a short period of time.
Enjoy a scalable, secure, and robust enterprise blockchain platform for rapid prototyping and easy production deployment.
Deploy Your App:
Morpheus Labs makes it easy to deploy blockchain applications within a safe environment.
Morpheus Labs Features And Advantages
Other blockchain application development environments exist. What makes Morpheus Labs different? Here are some of the advantages of the platform:
- Robust and scalable
- Turn-key solution where users can quickly build and validate blockchain use cases, lowering the cost and shortening the time it takes to create a safe development environment
- Trusted (Morpheus Labs mentions that it was accepted into SGInnovate, the Singaporean government’s list of hand-picked startups)
The Morpheus Labs Token Sale
Morpheus Labs is holding a token sale from February 24 to April 15, 2018. Bonuses of up to 35% are available during the early days of the sale (until March 9).
The tokens are Morpheus Labs Infrastructure Tokens, or MITx. They’re designed to be used for all transactions within the Morpheus BPaaS network. They can be used for all products and services, for example, as well as platform subscriptions, distributorship licensing, and more.
Of the total supply of tokens, 30% is going to the community, 25% to the token sale, 20% to a reserve fund, 15% to the Morpheus Labs Foundation (for strategy and research) and 10% to the team.
The proceeds from the token sale will be used for platform development and operation (35%), sales and marketing (30%), R&D (20%), and legal and other expenses (15%).
There will be a total supply of 1 billion MITx tokens. 250 million tokens are allocated to the public for the token sale.
Who’s Behind Morpheus Labs?
Morpheus Labs is based in Singapore. The company is led by Chuang Pei-Han, a serial entrepreneur, Branson Lee, former member of the Singapore Fintech Association, Dorel D. Burcea, Bruce Lu Yang, and Xiao Lei.
Morpheus Labs has received investments from TopFund. The company’s partners and clients include Campflex, Proline, Gazeru, Contec Technologies, and MQ Studios. Morpheus Labs is a member of the Singapore Fintech Association as well as the Association of Crypto Currency Enterprises and Startups in Singapore (ACCESS).
The initial design and alpha launch of the Morpheus Labs BPaaS platform took place in Q3 2016. Morpheus Labs deployed its DevOps tools in January 2018, and they plan to continue enhancing and marketing the platform throughout 2018.
Morpheus Labs Conclusion
Morpheus Labs seeks to offer BPaaS (business process as a service) in order to simplify and expedite blockchain application development, giving users the flexibility to choose between available programming languages and blockchain runtimes. Morpheus Labs has created a platform that aims to do the heavy work, allowing developers and enterprises to focus on building the best applications at a fraction of the cost and time.
To learn more about Morpheus Labs, visit online today at MorpheusLabs.io.