The Morpheus
Every day, Dan Weinberger traverses the Skyway Bridge, a 1950s construction that spans Burlington Bay in southern Ontario. Opened in 1958, the Skyway was designed to be high enough to allow ships to pass underneath, and wide enough to handle the increasing numbers of privately owned motor vehicles
Global Supply Logistics is the ideal use case for blockchain, thinks Dan. “The way you can relate different aspects of the supply chain – take a simple example of money being transferred from one person to another – blockchain can hold the original documents and have them matched to the actual payments. When it comes to documentation right now there is no standardized method to do this on a global level, and b
Weinberger’s flair for business was obvious, even as he studied psychology at the University of McMaster. “I had a summer job, going door to door selling water coolers. I did really well at it. The next year they invited me back and made me a boss over ten other people who were doing the same thing I had been doing the year before. Right away I was attracted to running this as a business and making sure I maximized the number of sales that people could make. And that became my entire summer. In business, whatever opportunities are presented have to be grasped. I came to industrial equipment when I was living in China. This really opened my eyes and I made great connections. Next thing I knew I have importing and exporting. Industrial equipment was something I was excited to deal with, but I’m much more excited by what I’m doing now.”
That half-year in China teaching English when he was twenty-three continues to influence Dan’s worldview. “I really enjoyed it. I was excited to meet all these people from all around the world, and then, after China, I
These attitudes are typically Canadian, and Dan is quick to agree with the outside view of Canada as a country with a high quality of life, a liberal outlook and polite, accepting people, exemplified by current Prime Minister Justin Trudeau. “It is 100% true. Everyone here is just more polite and nicer to each other. I’m pretty well
Like most people, Dan’s introduction to blockchain was through Bitcoin. He quickly found himself disappearing down “the rabbit hole” to satisfy his thirst for knowledge on the emerging tech. “It’s like a vampire bite. Once I was bitten, I became addicted to knowing more. I was discovering as the world was discovering as well. I felt like I was living along with this technology as it was becoming popularized, matured and polished across all these different businesses.”
ICO scams have given the industry a bad name in some circles, but Dan has been struck by the community spirit amongst businesses working in
Morpheus
As far as adoption is concerned, however, blockchain is still in its infancy. “Even infancy is being generous. Adoption, though, is inevitable and will be widespread. Now the emphasis is on implementation. Businesses are seeing the benefits based on implementation, but that has to be scaled up on a global level. It’s going to happen a lot faster than people think, in my opinion. It will just take one large company delivering a real change that affects the speed of delivery, or cost to the consumer, and other businesses will have to follow suit or be left behind. Once it starts happening, it will be quite a rush when it comes to adoption.”
The only rush we have seen to date has been in terms of investment. “Bitcoin didn’t soar to $19,000 because of adoption. In fact, there has been little or no adoption of Bitcoin as a working currency. We haven’t seen the potential of cryptocurrency. We have only seen the tip of the iceberg. But for me, it’s 100% about the technology, and not about the volatile markets. Bitcoin is the Coca-Cola of cryptocurrencies. The name is so ingrained in the public consciousness that even if the technology behind Bitcoin changes over time, the ‘brand’ will remain.”
In October Dan will be back in China, where he will give a speech to the UN Centre for Trade Facilitation and Electronic Business (UN/CEFACT) on standardization of blockchain technology and implementation challenges. “It’s a tremendous honor and a validation of the work we are doing at Morpheus.Network. One of the great things about blockchain is that it is bringing industry voices together in an attempt to solve problems for the common good. Competitors in many industries are seeing how they can reach common goals with the aid of this technological advance, and the possibilities to humanity as a whole are still unknown. I find that very exciting.”
You can read more about Morpheus.Network by visiting their website. Connect with Dan on LinkedIn
