Swiss B2B blockchain company Equidato Technologies has reported the release of its SophiaTX blockchain ‘mainnet’.
SophiaTX is developed to disrupt the present business models by providing a decentralized enterprise computing system which exceeds traditional enterprise applications. Some of the popular traditional enterprise applications include Enterprise resource planning (ERP), supply chain management (SCM), and customer relationship management (CRM), into the blockchain environment.
The company provides important value by utilizing blockchain in a firm’s operational and management processes “to ensure maximum transparency, traceability, and trust”.
From the beginning of 2017, SophiaTX was only the open source blockchain focusing on incorporating blockchain with SAP, Oracle, Microsoft, and popular ERP, CRM, and SCM systems.
SophiaTX has earlier declared multiple partnerships as well as collaborations such as working with Ernst and Young for the only aim of incorporating blockchain technology into the automotive industry and also working with Hyperledger in research and development sector. Also, the firm has made collaborations with BizCode in Poland, and Cheng & Co in Malaysia. SophiaTX was ranked in the top 10 best blockchain solutions companies by two magazines, Enterprise Security and CIO Application Magazine.
Jaroslav Kacina, CEO of SophiaTX and Equidato stated that “We’re pleased to go live with our much-anticipated business blockchain, which we consider a crucial step towards unveiling the immense potential of blockchain to the world”. He further said, “We can finally start engaging with businesses and lead them through the next wave of digital transformation.”
He also said, “It’s only a matter of time until enterprise-grade blockchain becomes an essential part of the business world. The conception of a smart global economy built on this technology of trust is already at work as we speak, and we are proud to be a part of it.”
SophiaTX’s distributed data technology will be useful to a wide number of industries which distributes with slow, complex, and complex processes, less security and high fees. The new blockchain is built to authorize businesses to track and trace the ownership of assets around trusted boundaries, provide opportunities for cross-organizational partnership, and build new business models. It will also help to grow digital transformation from a single organization to the workflows it divides with suppliers, customers, and partners.
SophiaTX is being developed on Graphene blockchain, which is the same protocol used by Bitshares, Steem, and EOS. Hence, SophiaTX allows a quick and safe, developer-friendly platform to build as well as deploy distributed blockchain-based solutions.
The marketplace has already accepted the SophiaTX Blockchain. This will result in essential processes flows, use case designs, API’s and other building blocks, particularly developed for ERP and CRM systems.