BitCart Ditches Bitcoin Over Transaction Times, Accepts Dash
5 stars based on
34 reviews
The document was last updated: The information in this document is subject to change periodically. The world economy relies on fast, efficient, international importing and exporting. However, running a globally trading amazon releases its blockchain template that allows ethereum eth mining contains many inefficiencies.
Something as simple as sending a bulk shipment of flowers internationally can generate amazon releases its blockchain template that allows ethereum eth mining hard copy documents from from over a dozen sources. Certification documents are couriered around the world to be stamped and signed by numerous handling points to prevent fraud. Any error in the documentation can ruin the entire shipment or hold up payments. Multiple parties importers, exporters, freight forwarders, customs brokers, shippers, terminal operators and more use the bill of lading which is also traditionally couriered around the world causing many delays.
The Morpheus Network can remove the complexity from this process. Any time a document needs to be shared with multiple institutions, putting that record on the blockchain enables real-time updates that can be seen, but not tampered with or inadvertently altered.
This can create significant savings in time and cost while at the same time, ensuring a strong level of trust. The Morpheus Network was established by industry veterans to address global supply chain inefficiencies, resulting in a full-service, global, automated, supply chain platform for the global trade industry, utilizing blockchain technology.
We recognize blockchain as a technology to be leveraged across supply chains to see breakthroughs in automation, optimization, security, visibility and forecasting.
The layering of other Blockchain technologies, as a part ofor an objective in the Smart Contract, is another key feature further enabling supply chain automation. This involves the integration with other blockchains such as using the Walton Blockchain to signify the arrival of a shipment with an RFID scan, or using Sia to verify the transfer of data as a single objective in amazon releases its blockchain template that allows ethereum eth mining supply chain Smart Contract.
At scale, the Morpheus Network has the potential to save the industry billions of dollars. Valuing Growth Opportunitiesreducing barriers within the international supply chain could increase worldwide GDP by almost 5 percent and total trade volume by 15 percent.
This equates to a global economic boost of up to 3 trillion USD! The Morpheus Network enables suppliers, manufacturers and exporters from around the world to receive their local currency in over countries globally. This is accomplished through integration with SWIFT which allows a direct transfer of funds into over banks. Therefore, the network allows any company or individual to complete any complex international purchase and shipment, no matter the scale of the transaction, smoothly, easily and instantly.
The Morpheus Network is the first platform designed to execute large money transfers to over banks internationally, using the newest and fastest blockchain technology, as an objective in a Smart Contract for globally transacting businesses. It is designed to be used by importers and exporters replacing traditional bank wire transfers which are expensive, slow, unsecured and simply outdated. Morpheus Network simplifies and automates the logistics needed for any complex, international shipment for any company or individual.
This is achieved by our talented team containing shipping, customs, banking and accounting experts with deep knowledge and extensive experience in their respective industries.
Also included is the automated generation of digital, ORIGINAL shipping documentation and contracts for the first time ever which are predetermined and templated. Another advantage of the Morpheus Network which increases importer or buyer assurance, is our escrow payment service. Complete trust in a seller is achieved since all the objectives in the Smart Contract must be completed prior to the automated releasing the funds to the merchant! These objectives may include a necessary data transfer using Sia, or a Walton RFID entry, or even a Ripple transaction which is integrated into the Smart Contract and sets off the rest of the automated objectives.
In addition, the Morpheus Network is using Artificial intelligence AI to further optimize any supply chain by gathering vast amounts of logistical data off of the blockchain. These findings allow container shipping ports to be planned and routed in advance and as necessary based on global traffic, port delays, weather as well as many other factors and sources of data. AI is also being used to prepare compliance documentation for an import, generated by the Morpheus Network, by more accurately estimating port arrival times.
Furthermore, our user rating system gives prospective Morpheus Network users assurance that they are dealing with a reputable and experienced business partner. A trusted Morpheus Network Consortium will be established to control access to the blockchain and will play a role in maintaining the blockchain in a decentralized manner. Document records on the blockchain can be accessed only by authorized participants; this can be all participants or only those that need a particular portion of the data.
Document ownership and access can be anonymous yet securely identified between partners who require verification. In short, it can be widely shared and protected at the same time. This amazon releases its blockchain template that allows ethereum eth mining the correct balance of privacy and transparency.
One feature of blockchains is data immutability; once data has amazon releases its blockchain template that allows ethereum eth mining written to a blockchain nobody, not even a system administrator, can change it.
This benefits the Morpheus Network users by creating a secure audit trail of all documents and transactions to ensure compliance with local regulations. Noam Eppel, one of our founding team member has a speciality in information security, having run a successful security company for 5 years.
He has taught web security at a college in Toronto and created an online security course used by companies across North America. He has also provided security consulting services on behalf of leading technical companies including IBM.
Additionally, to help secure funds raised during the pre-sale and Token Sale, all funds will be converted to Ethereum and stored in a multi-signature wallet. A multisig wallet is a technique that requires multiple people to approve of the release or transfer of funds. Lastly, our team is filled with experts in their perspective fields from a functional standpoint including blockchain, global trade, international customs regulation, accounting compliance, payment processing platforms, legal, information security, website and DApp development.
Our team includes talent and contributors from:. Generating and storing original documentation on the blockchain such as the manufacturing or work contracts and shipping forms commercial invoices, packing lists, insurance documents, bills of lading is a key feature to the network and not a part of the retail, payment processing world whether written on blockchain technology or not.
The Morpheus Network links traditional, international transacting with the newest, blockchain technology! The Morpheus Network features a simplified and streamlined dashboard interface.
Interacting with the network by revising or adding Smart Contract objectives in your supply chain is designed to be intuitive and easy to navigate. You can easily view the flow of the funds and documentation within any transaction as well as utilize any of the Morpheus Network features such as escrow payment services and document digitization.
It also features the permission settings which establish which documents or Smart Contract objectives are kept private, and which ones are visible and shareable with your shipping agents, customs brokers and freight forwarders. Only the highest level of quality will be attained though testing and maintenance.
Joe has family back in Ecuador. The simple shipping documentation for setting up shipments and clearing customs caused delays which were fatal on many occasions for the Heliconia, which require lots of sun and heat.
The Morpheus Network employs Smart Contract system to pre-empt your business needs. The Heliconia flower shipment to Amazon releases its blockchain template that allows ethereum eth mining, France is a simple, automated company structure which includes automated documentation for shipments and customs amazon releases its blockchain template that allows ethereum eth mining, as well as payments back home for the Heliconia flower production process.
The Morpheus Network employs automated Smart Contract amazon releases its blockchain template that allows ethereum eth mining to ensure the delays Joe has seen in the past, are a thing of the past. Anna lives in Moscow and started her own graphic T-shirt company with common Russian phrases written in Spanish. Her online store was a huge success in Spain, Argentina and the US.
Only the logistics of getting the T-shirts into Moscow were holding her back. Graphics are custom and printed in Moscow and sold by distributors around the world. The completed graphic T-shirts are shipped from Moscow, Russia to:.
They produce eco-friendly vehicles using the best part suppliers from around the world. The logistics in their business structure is very complex and time consuming.
The Eco-Friendly Cars are sold by distributors around the world. The fully assembled equipment is shipping directly amazon releases its blockchain template that allows ethereum eth mining China to:. With over a dozen different shipments all involving varying shipping and customs rules and regulations and over a dozen currency conversion payments, it would take hundreds of hours of manpower to keep up with all the documentation and policies of each delivery and payment.
Our Network simplifies, and automates the entire process using the power of Smart Contracts! Completion of one objective activates the next part of the Smart Contract and so on and so on. The Morpheus Tokens can be attained converting from virtually any fiat currency, or over 74 different cryptocurrencies directly through the platform and our Shapeshift integration.
The tokens give users access to the Morpheus Network. A crucial objective in a Smart Contract of any global supply chain are international payments.
Our integration with Swift allows us to send payments directly into the bank account of over banks globally in the specific currency required fiat or cryptocurrency by the Smart Contract. Payments are held in by the Morpheus. Network until a contract is completed with uploaded shipping documentation and loading confirmations or other specified Smart Contract objectives.
This feature increases the level of security for purchases when dealing with new suppliers, as well as for suppliers knowing the funds are secure prior to contract completion. Ethereum is an open-source, public, blockchain-based distributed, Turing-complete computing platform which can run Smart Contracts. Smart Contracts are applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
Ethereum could be described as highly programmable digital money. Imagine automatically sending money from one person to another but only when a certain set of conditions are met. For example an individual wants to purchase a home from another person. Traditionally there are multiple third parties involved in the exchange including lawyers and escrow agents which makes the process unnecessarily slow and expensive. With Ethereum, a piece of code could automatically transfer the home ownership to the buyer and the funds to the seller after a deal is agreed upon without needing a third party to execute on their behalf.
Many of the slow, insecure centralized systems we use today can be built in a decentralized manner on the Ethereum platform. Decentralization is important because it eliminates single points of failure or censorship. Decentralized platforms cut out the middlemen which can ultimately lead to lower costs for the user. How does Ethereum differ from other blockchains such as Bitcoin?
Ethereum has a number of advantages:. The Ethereum blockchain is in many ways similar to the Bitcoin blockchain, although it does have some differences.
The main difference between Ethereum and Bitcoin with regard to the blockchain architecture is that, unlike Bitcoin, Ethereum blocks contain a copy of both the transaction list and the most recent state. Aside from that, two other values, the block number and the difficulty, are also stored in the block. The basic block validation algorithm in Ethereum is as follows:.
The approach may seem highly inefficient at first glance, because it needs to store the entire state with each block, but in reality efficiency should be comparable to that of Bitcoin. The reason is that the state is stored in the tree structure, and after every block only a small part of the tree needs to be changed.
Thus, in general, between two adjacent blocks the vast majority of the tree should be the same, and therefore the data can be stored once and referenced twice using pointers ie. Additionally, because all of the state information is part of the last block, there is no need to store the entire blockchain history — a strategy which, if it could be applied to Bitcoin, can be calculated to provide x savings in space.
This has a simple answer:
