- Morpheus Labs has announced their technical collaboration with VeChain—something they considered a breakthrough for their ecosystem.
- The Singapore startup is looking to develop a comprehensive full-stack marketplace and platform.
- The partnership hopes to increase blockchain technology adoption significantly.
After numerous rounds of on-boarding trials and studies with VeChain’s CTO, Mr. Gu Jianliang, Morpheus Labs announced their technical collaboration—a move they consider a breakthrough within their ecosystem.
Details of the Deal
Morpheus Labs is a Singapore-based startup offering infrastructure for developers and enterprises so they can create and experiment with their own blockchain applications more seamlessly at a fraction of the time and cost.
One of their primary aims is to build a comprehensive full-stack blockchain marketplace and platform that will also function as a one-stop development tool for back-end services, smart contracts, and front-end applications (DApp).
VeChain and Morpheus Labs will collaborate to create comprehensive templates that will cover four-stack development needs which includes smart contracts, node deployment, back-end SDKs, and front-end applications. This turn-key solution will be available for enterprises with minimal secondary development required.
The collaboration with tech partner VeChain is expected to help scale the business towards the goal of becoming a dependable service provider that offers easy-to-use tools that can help aid in the deployment of quality DApps.
Considered a pioneer of real-world applications utilising public blockchain technology, VeChain was first introduced in June of 2015. Their aim is to connect blockchain technology to the real world.
They intend to achieve said objective through the provision of a robust economic model, a thorough governance structure, and IoT integration. To date, they have international operations in Luxembourg, Tokyo, Singapore, Shanghai, San Francisco, Hong Kong, and Paris.
Upon integration, VeChain’s supply chain management capabilities in assets digitalisation alongside its proprietary IoT solutions as well as VeChainThor’s twin-token system will become available via Morpheus Labs App library.
Both camps are in constant discussion and are working to provide users with a thorough platform that will focus on the latest technology and will allow businesses to adopt validation of use cases as well as rapid prototyping through the VeChainThor blockchain. As per Bruce Lu, CTO of Morpheus Labs:
“By onboarding the VeChainThor Blockchain we will add value and further boost confidence to the ecosystem as the platform provides the global community a competitive advantage enabling rapid prototyping and deployment of VeChainThor-powered projects and applications.”
The partnership also looks to promote blockchain mass adoption in the near future. In addition, both companies have committed to exploring other blockchain business verticals, the specifics of which will be announced later.