Review on Morpheus Labs by Robiul Islam
Power inclusive full stack blockchain platform as a service for enterprise.
They has a straight-forward concept with a live product and is already generating real-world revenue. Blockchain certainly solves various problems of enterprises, which are not able to adopt this technology due to current constraints. The team has already proven their expertise in delivering their vision, as well as an impressive list of partners that further understands the value that ML offers 'BPaaS'.
To address issues that businesses are currently discouraging from adopting blockchain technology, Morpheus Labs (ML) comes up with a solution called "Blockchain Platform as a Service" or BPaaS. With this, ML aims to provide an end-to-end full stack service and solution. Through the entire process, clients are able to save 70০% of their time and expense compared to current solutions by optimizing, proactively deploying and consulting for their problems. Additionally, their platform is built on various built-in blockchain protocols, which will expand further in the future. As a result, clients are not forced to choose a specific DLT solution, but can play with different blockchain protocols to find the most suitable solution to their particular problem.
MITx has significant upside potential. As the platform grows further, it will raise the price of MITx due to real demand. As a result it can lead to more conventional hype and speculation.
Pros
- Morpheus Labs BPaaS facilitates blockchain adoption for enterprises, saving significant amounts of money and time.
- An impressive list of blockchain projects has already been shipped to the ML platform, including NEO, Vechain, Tomochain and Waves.
- To move forward with blockchain education, ML has partnered with Dreamplus, a startup incubator for Hanwha, one of Asia's largest companies.
- MITx has a number of utilities and the demand is directly related to the use of the platform.
- According to the CEO, ML has already been able to make $350,000 since launching in January 2019.
Cons
- The concept of BPaaS is not entirely new and thus ML is not the only team working on that.
- It remains to be seen if ML will be able to continuously innovate with new business clients and individual customers, as well as new blockchain partners integrated with the platform.
