There is a lot of enthusiasm in the technology community about the recent advances of blockchain use-cases which reach far beyond the financial industry.
One area which offers significant value is the use of blockchain in a company’s operational and management processes. Effectively all companies run these operational processes on enterprise resource planning software (ERP) which often includes a variety of modules such as accounting, controlling, procurement, logistics, warehousing, manufacturing, project management, quality management, and sales and distribution.
To advance blockchain into business operations, the blockchain must integrate with ERP and other enterprise applications such as SAP. As an example, 76% of the world’s transaction revenue touches SAP systems. This sector has been relatively untouched until recently when SophiaTX announced their first project , an open source blockchain platform and marketplace designed for businesses of all sizes (“SophiaTX Blockchain”).
SophiaTX Blockchain is the first platform focusing on integrating blockchain with SAP and other major ERP, CRM, and SCM systems aiming to expand the possibilities of enterprise applications with the trust and security that comes with blockchain technology.
The SophiaTX Blockchain can be thought of as three components: a blockchain designed and built specifically for business environment, a development platform with integration APIs to SAP and other enterprise applications, and a marketplace for both industrial companies and a global community of experts, consultants, and developers to buy and sell apps.
SophiaTX Blockchain 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 Blockchain 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 SophiaTX Blockchain 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 SophiaTX Blockchain is fuelled by the SophiaTX Token (SPHTX) 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.
1 https://www.sap.com/corporate/en/documents/2017/04/4666ecdd-b67c-0010-82c7-eda71af511fa.html 5 SophiaTX will hold a Token Generation Event (TGE) later this year where the general public can be the first to obtain the SPHTX before its release on any major exchanges. It is a chance for supporters of the project to be directly involved. The token will be used in the marketplace for a wide range of engagements.
The funding accrued from the TGE will go directly to the development, marketing and ongoing management of the project and overall platform. Token owners can feel confident in knowing that behind this project is an excellent team backed by stellar experience and know-how in blockchain and business application integration (“SophiaTX Team”).
As technology veterans and pioneers in the area of blockchain, the SophiaTX Team is well positioned to lead in this space. It is the SophiaTX Team’s ambition to become the principal platform for blockchain adoption by businesses of all sizes.
Sophia tx whitepaper
