SophiaTX is a civil association aiming to expand the possibilities of enterprise applications with the trust and security that comes with blockchain technology and launch the world’s first open source blockchain platform to primarily integrate blockchain technology with enterprise applications.
The SophiaTX Blockchain, aimed at such peer to peer information exchanges, provides a comprehensive set of tools allowing developers to build and publish applications which utilise the power of the blockchain and distributed data integrated with ERP and CRM solutions.
- Activate your network on a platform that grows with you — from a proof of concept to a fully functional product.
- Browse your blockchain for blocks, transactions and many other contents.
- Discover, develop, deploy and sell the assets addressing your business needs.
“SophiaTX Blockchain enables a large number of use cases combined with individual variations across industries and segments. In our initial efforts we went through all standard modules of ERP (SAP) including Finance, Controlling, Procurement and Logistics, Sales and Distribution, Manufacturing, Project Management and others, and have detailed more than 15 uses cases. ”
Positives -
- The Advisory Board Really Stands out Here as Being Extremely Suited to Their Roles. Magnus Akesson Led the Deployment of SAP in All Americas Markets, Is the CIO of GE Digital and Has Previous Experience as the Vice President of Business Transformation at Alstom Power. Jason Mckay Is the CIO and Vice President of Business Process at NAPEC. If Anybody Knows ERP and the Nuances of Business Planning like the Back of Their Hand, It’s SophiaTX’s Advisory Board. Seriously Impressive.
- With SAP Serving over 360,000 Companies and Spanning 190 Countries, Many of Which Are Ranked near the Top of the Forbes Global 2000 List, If SophiaTX Can Integrate and Work with SAP, They Have an Extraordinary Opportunity to Take Advantage of Blockchain Technology and Gain Access to the Same Target Audience. This Makes SophiaTX’s Potential Value Extremely Hard to Calculate Due to the Enormity of the Industries They Have Access To. Companies That Embrace Blockchain Technology Will Thrive and SophiaTX Has Their Hands up Waiting to Help.
Concerns -
- SophiaTX Offers Businesses a Way to Integrate Their Current Business Models with Blockchain Technology. Unfortunately, Some High Profile Companies Have Expressed Interest in Creating Their Own Blockchains. Although These Blockchains Would Be Centralized, the Technological Benefits Are Pretty Much the Same for These Companies. If They Aren’t Concerned with Immutability/Transparency, the Blockchain Offers Numerous Other Benefits for Them. SophiaTX Will Need to Entice Companies to Use Their Technology, Rather than Create Their Own.
- We Can’t Seem to Find Much in the Way of Github Activity for SophiaTX. Their Github Is Pretty Much Empty Apart from One Repository That Has Received Minor Commits. Not Much for Investors to Keep an Eye On. Not a Lot of Ways to Follow Development. It’s Completely Possible That SophiaTX Are Developing Their Platform Privately to Protect Their Code from Competitors. Not a Huge Concern but Something Investors Should Keep in Mind.
Official SophiaTX Links -
the project seems new but I wouldn't mind waiting as long as it goes ok. And besides, I've also read the article from this tweet which somehow caught my attention saying sphtx will do good most probably until 2020