Saturday March 06, 2021
Bitcoin (BTC) $47,930.00   Ether (ETH) $1,586.77
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Featured

Morpheus Labs joins with veriTAG to advance food safety in China with blockchain

Published by CryptoNinjas.net
08/25/2018
Morpheus Labs joins with veriTAG to advance food safety in China with blockchain

Morpheus Labs, the full-stack Blockchain-Platform-as-a-Service provider based in Singapore, has entered into a commercial agreement with veriTAG to design and implement the latter’s veriHUB blockchain platform.

In an official signing ceremony witnessed by Singapore’s Minister of Trade Chan Chun Sing, the two parties agreed to leverage on the veriHUB Blockchain Platform to track food product for food data transparency, immutability, and provenance.

veriTAG is working with Morpheus Labs to create a one-stop solution platform into China for food using its patented authentication system, veriHUB, to build a central database system with applications and a rules-based engine.

Powering veriTAG’s solutions is the company’s cloud tagging technology; which uses digital tags (such as QR codes and NFC protocols) linked to the cloud and includes applications optimized for users via ubiquitous devices such as smartphones.

For the implementation of veriHUB in China, Morpheus Labs will work closely with veriTAG to build the entire platform and provide token-enabled food trade finance, namely by using private Ethereum nodes to run smart contracts using the Morpheus Labs BPaaS platform.

Pei-Han Chuang, the founder, and CEO of Morpheus Labs explained that the partnership will seek to leverage on the blockchain to help tackle the safety and fraud challenges present in China’s food industry.

“By using the blockchain, we can record the complete supply chain of food production from start to finish, allowing for greater transparency and better fraud prevention as every transaction is immutable and traceable. This collaboration also marks a significant milestone for Morpheus Labs, as it validates our continuous efforts to bring our solutions abroad to help solve real-world problems in China and beyond.”

Pei-Han Chuang

Besides the MoU with veriTAG, Morpheus Labs has also joined the Food Chain Alliance with Y3 Technologies (a subsidiary of YCH), Sakae Fintech (owned by mainboard-listed company Sakae Holdings), veriTAG, NULS and Reefic Protocol.

The alliance aims to use blockchain technology to connect international resources and promote the safe and healthy development of the Chinese and international food industries and help relevant enterprises develop together through blockchain technology. Within the Alliance, Morpheus Labs will bring in their expertise as an enterprise-level platform and play an important role in facilitating the overall blockchain governance, implementation, and deployment.

13
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Blockchain supply chain platform Morpheus.Network releases new SDK
Vendor Technology

Blockchain supply chain platform Morpheus.Network releases new SDK

02/04/2021
VeriTAG moves anti-counterfeiting tracking system to NULS blockchain
Vendor Technology

VeriTAG moves anti-counterfeiting tracking system to NULS blockchain

02/07/2020
Morpheus takes blockchain development platform to Europe with S2BConnected
Vendor Technology

Morpheus takes blockchain development platform to Europe with S2Bconnected

12/02/2019
Blockchain development platform Morpheus adds CloudHUB as new distribution partner
Vendor Technology

Blockchain development platform Morpheus adds CloudHUB as new distribution partner

11/19/2019
ICON joins Morpheus Labs blockchain services platform - CryptoNinjas
Vendor Technology

ICON joins Morpheus Labs blockchain services platform

10/28/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

03/01/2021
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

03/04/2021
Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

03/05/2021
P2P crypto escrow platform Escaroo adds staking function from Moonstake

P2P crypto escrow platform Escaroo adds staking function from Moonstake

03/05/2021
SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

03/05/2021
NFT platform Curio closes seed funding of $1.2M to fuel expansion

NFT platform Curio closes seed funding of $1.2M to fuel expansion

03/05/2021
IOTA token added as collateral asset on Bitfinex Borrow

IOTA token added as collateral asset on Bitfinex Borrow

03/05/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version