Morpheus.Network Partners With Geeq To Accelerate Blockchain Adoption In Logistics

3y ago•

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Morpheus.Network has partnered with multi-blockchain platform Geeq to accelerate the adoption of blockchain technology in the supply chain and logistics industry.

Morpheus.Network will integrate Geeq’s feature-rich data services into its global supply chain middleware platform to benefit its international clients, which includes Federated Coop, the 3rd largest food distributor in Canada, and leading shipping operators like Gulftainer. The two have signed a pre-service level agreement under which Morpheus.Network will pilot Geeq’s industry-leading attestation services, integrating the latter’s proprietary technology into its platform. Integrating Geeq data layer into its system will allow Morpheus.Network to share critical data in such a way that it is credible to all the partners. This will help us in building a trustworthy relationship with enterprise clients globally.

“Geeq is developing innovative technologies to offer our clients attractive and highly competitive alternatives for blockchain services. The flexibility to provide private, public, or hybrid networks according to client need is a great strength. Working together to provide first private instances, and later a fully decentralized public infrastructure, we expect to accelerate commercial uptake of this promising technology,” Morpheus.Network CEO & Co-founder Danny Weinberger.

The key reason behind the delayed adoption of blockchain in logistics is the high cost and complexities of the existing solutions — the partnership between Morpheus.Network and Geeq is aimed at solving these problems to accelerate the adoption. Geeq has a mechanism that uses very few resources computationally. As a result, thousands of transactions can be put in blockchain per second at the cost of a hundredth of a percent or even less, compared to existing solutions. The partnership will help Morpheus.Network design its services around the principles of trust and integrity, providing value to the customer. The evolution of the partnership will be marked by the development of NFT, digital payments, and other services.

“We are delighted to be working with Morpheus.Network, a deeply connected industry leader, one that shares our passionate commitment to next-generation blockchain for real-world needs. For Morpheus.Network clients, Geeq can be that one-stop-shop private to public pathway perfectly tailored to their current and future needs. For Geeq, Morpheus.Network is an ideal channel partner, giving us access to marquee customers in logistics and supply chain, in much the same way that our recently announced deal positions us to serve major fintech enterprises. One by one, tackling these key verticals is setting us up for rapid adoption and represents confirmation of a pattern forming.”

About Geeq

Geeq is a multi-blockchain platform secured by an entirely new, patent-pending blockchain consensus mechanism, which radically reduces the cost of securely transacting value at scale. It is safe for precious data, fast and cheap for IoT, and flexible enough for any use.

Geeq was founded by a team of expert economists and technologists who see unrealized opportunities in decentralized technology, as existing blockchains are caught in a trade-off between scalability and security. Geeq resolves the dilemma, enabling an entirely new category of solutions that unlock blockchain’s real potential for the real world.

About Morpheus.Network

At Morpheus.Network, we are intensely focused on helping companies and government organizations remove barriers to digitizing, optimizing, and automating their global supply chain operations. Our team and international partner network have extensive experience implementing cutting-edge solutions leveraging technologies such as IoT, blockchain, and our award-winning supply chain platform. In addition, we help clients maximize revenue through digitization and process automation, protecting sensitive data, and untangling complex issues with the legacy supply chain system while delivering practical, equitable, and efficient global trade solutions.