In a statement announced yesterday on the website of the Singapore based Blockchain company, it confirmed that it had partnered with Nervos Network to build a new Blockchain Solution in South-Eastern Asia. The partnership is expected to add value to both companies as it will scale their business offerings.
With a lot of firms and organizations looking to integrate Blockchain into their services, this move will not only be beneficial to both parties alone but also to many businesses across the Asian continent, analysts confirm.
The partnership between both firms tipped to thrive
This is the big question in the mouth of most analysts who observe that although there are a few similarities in the modus-operandi of both firms, their differences cannot be ignored. Morpheus Lab will promote this partnership and will offer Nervos services to its customers as one of their products.
The target of the partnership is particularly to allow enterprises to integrate cryptocurrency into their operations seamlessly. The e-commerce, banking, and health care sectors are the main target before other sectors are integrated in due time.
Training and industrial workshops will be provided to the targets of this partnership. There will be organized webinars where trainees will learn how to build on the Nervos Network. Nervos Network will anchor the training and onboarding process of the partnership.
Morpheus Lab in June launched a 2.0 version of their SEED platform, which comes with advanced features and applications for enterprise clients and developers. This upgrade aims to provide an environment with Blockchain solutions. It features an AppLibrary on which Nervos is listed, and it will be used to list their applications for enterprises that choose to build their solutions on the Nervos Network.
Nervos to provide privacy and security to partnership
Nervos, on the other hand, will use their platform, which focuses on privacy and security solutions, to foster this partnership. The two firms plan to work together to promote their resources and tools. They will also work on new enterprise use cases to mainstream adoption of the Blockchain technology by organizations.
The CEO of Morpheus Labs, Chug Pei Han, believes that with the resources of Nervos in Tech solutions, the partnership will ensure that firms globally will get high-quality, cost affordable, and adaptable Blockchain solutions on their platforms.
He further stressed that Morpheus is also in talks to work on a similar engagement model with few other blockchain companies to provide tele-consultancy and payment clearance in the professional consultancy and e-commerce markets. The CEO of Nervos, Kevin Wang, believes that barriers such as local regulations had prevented many firms from adopting Blockchain technology.
He believes that Morpheus Lab is the perfect partner for Nervos because it aims to provide business solutions across Southeast Asia to other parts of the world. He further stressed that Morpheus’s experience in the industry would allow many firms to reap the benefits of Blockchain technology.