Finance

Morpheus.Network’s Masternode Program to Support the Digitization of Supply Chain Documents and IoT Data

Toronto, Canada, September 19th, 2024, FinanceWire

 

Pushing the boundary of blockchain usage in Enterprise Business

Morpheus.Network, the leading supply chain middleware, has announced that it has over 5000 nodes staked since it launched its innovative Trust.Supply Network. The program has already seen over 11.2 million MNW tokens bridged to Polygon Network.

“The uptake of token staking by the Morpheus.Network community points to a real understanding of blockchain tech in the supply chain. This is just one example and is mirrored by others such as the California’s Department of Motor Vehicles (DMV) digitization of 42 million car titles using blockchain to modernize the state’s title transfer process,” says Dan Weinberger, Co-founder and CEO of Morpheus.Network.

By leveraging blockchain technology Morpheus.Network is able to provide a seamless and automated supply chain middleware solution that addresses some of the most pressing challenges faced by businesses today from DePIN hardware logistics to food provenance.

In a note to their community the enterprise driven blockchain company announced that its masternode network, available at Trust.Supply is nearing full stake capacity.

Morpheus.Network’s vision to fix the world’s leading supply chain complications has attracted the attention of governments and private enterprises hoping to add an extra layer of efficiency to their operations.

The Power of Masternodes

Masternodes play a crucial role in maintaining the integrity and performance of the network. They provide critical services such as transaction validation, network security, and governance, ensuring that the platform remains reliable and efficient. The high level of participation is a clear indication of the trust the community has in Morpheus.Network’s technology and its future prospects.

Roadmap

In the months to come, Morpheus.Network has a robust roadmap with many announcements, including a planned roll out of their customizable SME solution that will provide blockchain and automation to a whole new layer of the supply chain market.

By joining trust.supply, users can view all of the details in the Morpheus Network customized dashboard. Users can learn more about Morpheus Network in their weekly spaces where the team regularly meets with the community.

About Morpheus.Network

Morpheus.Network is intensely focused on helping companies and government organizations eliminate inefficiencies and remove barriers to optimize and automate enterprise supply chain operations. Their multi-award winning supply chain middleware platform leverages transformational digital technologies such as ML/AI, IoT and Blockchain and has over 150 integrations with leading companies, including SAP, DHL, Fedex, Cargowise, Dimitra, Telefonica, Marsh, Swift and more. Morpheus.Network helps clients to potentially maximize revenue through digitization and process automation, protecting sensitive data, and untangling complex issues with the legacy supply chain system while delivering effective, equitable, and efficient global trade solutions.

Website | X

 

Contact

James Toland
Morpheus Network
hello@morpheus.network

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Uzbekistan-based Ecosystem Humans Releases H1 2024 Financial and Operating Results for Humans Pay

2024-09-18T15:17:51Z

Humans Ecosystem

TASHKENT, Uzbekistan, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The Uzbekistan-based Humans ecosystem brings together all payment and transfer services under the Humans Pay brand and releases financial and operating results for the Humans Pay for H1 2024.

Following the acquisition of the Maroqand LLC's payment service in 2022 (operating under the UPay trademark), all services have been fully integrated into the Humans ecosystem, providing seamless financial solutions to users across Uzbekistan. This has allowed the company to significantly increase its share in all segments of Uzbekistan’s fintech market.

In the first half of 2024 alone, Humans Pay achieved several impressive milestones:

  • Customer Growth: The number of Humans Pay users increased by 45% compared to the same period in 2023.
  • Revenue Growth: Humans Pay generated over $5 million in revenue in the first six months of 2024, which is 65% higher than in the first half of 2023.
  • Transaction Volume: The number of transactions also showed consistent growth, amounting to 60 million transactions, which is 21% more than in the first half of 2023.
  • Turnover: The Humans Pay turnover in the first half of 2024 increased by 85% compared to the same period in 2023, underscoring the growing demand for its services.

Vlad Dobrynin, CEO and founder of Humans Group

Commenting on this remarkable growth, Vlad Dobrynin, CEO and founder of Humans Group, said, “We are seeing how the convenient and accessible services of the Humans ecosystem are rapidly gaining market share. Our client base is growing, along with the service’s turnover and capitalisation, and all these indicators prove Humans' significant role in popularising cashless payments and increasing financial literacy in the country. According to Western experts, the capitalization of the Humans Pay service alone amounts to 60 million dollars today. In turn, we see prospects for further active growth of the ecosystem associated with the dynamic development of Uzbekistan’s entire digital economy.”

Due to the high demand for the payment and transfer service, the company’s management made the decision to further develop all fintech services within the Humans ecosystem under the Humans Pay brand. This strategic move aims to solidify the brand’s position as the core driver of growth within the Humans ecosystem and continue its mission of empowering users with convenient and reliable financial solutions. As Uzbekistan’s digital economy rapidly evolves, Humans Pay remains at the forefront of transforming the country’s financial services sector, ensuring that cashless payments and financial inclusivity are accessible to all.

____________________________________

About Humans ecosystem

Humans.uz is a super-app that combines financial services (Humans Pay), mobile services (Humans Mobile), and a product marketplace (Humans Market). The project was launched in June 2020 in Uzbekistan by the Humans Group, which is also developing the Humans.net employee search platform in the USA. The group’s offices are located in the USA, Uzbekistan, Poland, Singapore, and Germany.

Website: https://humans.uz/en/

Contact:
Natalia Ikonnikova
pr@humans.net

Disclaimer: This content is provided by the Humans. The statements, views, and opinions expressed in this column are solely those of the content provider. The information shared in this press release is not a solicitation for investment, nor is it intended as investment, financial, or trading advice. It is strongly recommended that you conduct thorough research and consult with a professional financial advisor before making any investment or trading decisions. Please conduct your own research and invest at your own risk.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/5404e971-246a-400f-8534-b75e7c90eeb3

https://www.globenewswire.com/NewsRoom/AttachmentNg/4f13e1a5-4250-4375-966d-b491ecd8da3c


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