SophiaTX – is the first open source blockchain-platform of its kind, intended for use in business. It stands out with its increased authentication requirements for counterparties, privacy and confidentiality of transferred data, high speed of transactions, flexible integration tools for existing corporate systems (including ERP SAP), and well thought out scenarios with support for both 1-to-1 and 1-to-many operations.
The platform’s manufacturer (Equidato Technologies AG) is convinced that all existing blockchain products, such as Bitcoin, Ethereum, Hyperledger and even SAP BaaS are not suited to actual requirements.
The SophiaTX ecosystem consists of three large blocks: 1. Blockchain platform, proposing a DPoS model of consensus (Delegated Proof of Stake), 2. SDK, API, and a utility & service package, required by developers for creation of end-use business applications, 3. marketplace, through which developers can distribute their applications.
A knowledgeable team of experts, technical specialists and business consultants. The members that stand out in particular include Jaroslav Kacina, chairman of the board of directors at Equidato Technologies AG & SophiaTX, Switzerland. Jaroslav has practical experience in implementation of blockchain based innovations in the B2B segment. Martin Harler, technical director with 20 years of experience, founder of Octocloud, providing cloud SAP Business One services on the HANA platform. Advisor Magnus Akesson, GE Digital, IT director and vice-president of global repair solutions.
SophiaTX uses the SPHTX token, which is used to pay for subscription to the platform, reward miners who verify transactions, purchase business-applications in the store, pay for the license for use of SophiaTX private version (if required by a client), etc.
SophiaTX stands out in a positive light among other blockchain-platforms thanks to its well defined business focus. The developers have identified critical requirements for business, have defined and examined typical use scenarios (based on pharmaceutical industry), offered reliable architectural solutions, all while maintaining the flexibility, safety and performance of the platform. The development team is experienced beyond a doubt and lets us assume they are up to the task at hand. The project has already caught the eye of one of the branches of General Electric (GE Power) and to sign a letter of partnership intention in the field of blockchain initiatives based on SophiaTX.
We rate SophiaTX highly and strongly recommend adding it to your list of most promising ICO-events of this outgoing year.
SophiaTX ICO datesexport to calend
SophiaTX is a public blockchain platform with a focus on use by businesses of all sizes, i.e. from large global enterprises to small local businesses and eventually to end consumers. It allows for businesses to join and participate across the entire value chain, enabling SophiaTX the best possible drive for global adoption. This choice, over the alternative of a private blockchain, supports the goal of creating a truly holistic collaboration.
The flexible and scalable solution will serve as the foundation for new applications with specialized processes and modules for companies where peer to peer architecture and decentralization is desired and beneficial.
The adoption of the platform is supported by a marketplace which includes process flows, use case designs, APIs and common building blocks, specifically developed for widely-used ERP and CRM systems and other business applications. The inter-connectivity with respective APIs is reinforced by the blockchain network.
The platform is fuelled by SPHTX (SophiaTX Token) which is used to cover mining and transaction fees, allowing access and subscription to the development platform, marketplace, and in-app purchases.
It is designed for trading assets or micro-assets and services, know how, process maps and blueprints, integration, and professional consulting services to enable accelerated adoption and use.