VeChain
$0.00447 -2.33%
VET · 28w

Forbes Morpheus & Vechain

Blockchain-as-a-serviceShutterstock

Still in its nascency, the blockchain industry is expected to grow to be a $23.3 billion industry with an 80% compound annual growth rate by 2023. Despite the buzz, the ecosystem is going through some expected growing pains with companies and stakeholders trying to find the best way to adopt and commercialize blockchain into their business plans

In the aftermath of 2018’s cryptocurrency market collapse, challenges in the industry include scalability, adoption, education, and bringing reputation back to the industry. Yet it is during traditional bear markets that builders lay the foundations to be used when the industry matures. Besides development, one way of doing so is by sourcing and securing strategic partnerships with companies that have complimentary models or services.

In fact Morpheus Labs, the Singapore-based blockchain firm, is helping to bridge this gap by providing enterprises with a full-service Blockchain-as-a-Service (BaaS) solution for easy prototyping, deployment, and integration. With a focus on Southeast Asia, China, and Korea, the Morpheus Labs team, led by CEO Chuang Pei-Han and Co-Founder Branson Lee, is the only end to end blockchain platform and app marketplace with a variety of active blockchain partners whose vision and goal are to find solutions to problems hindering mass adoption.

After a successful ICO in 2018, Morpheus Labs has developed a knack for creating meaningful strategic partnerships with other industry leaders, end user channels, and non-traditional blockchain clients that are interested in integrating blockchain into their business models. These include, among others, VeChain, NULS, QuarkChain, NEM, NeuroChain Tech.

Morpheus Labs CEO, Chuang Pei-Han explained: “We saw the gaps and understand the pain, thus, being the first-mover, we are committed to build an inclusive and comprehensive community and ecosystem. Having said ...

Continue on forbes.com
Recent news