SophiaTX is a blockchain platform and a market that integrates business applications and solutions into a highly collaborative environment. This open source platform integrates mainstream business applications including SAP, ERP, CRM, SCM, and is customized to expand traditional enterprise applications and can help enhance and reshape the current business model.

1. Project introduction

SophiaTX is the first open source platform to integrate blockchain technology with SAP, allowing users and integrators to use blockchain.

The combination of SAP and blockchain can bring greater possibilities to every user and the entire world economy. 87% of global enterprises and 98% of the world's top 100 brands use SAP software, hitting $16 trillion in consumption and 74% of transaction revenue each year. This market is crucial to achieving the expectation that blockchain accounts for 10% of global GDP in 2027.

SophiaTX is three parts. The first part is built on the DECENT blockchain and is specially customized for the B2B transaction engine. The second part is the developer platform, which collects APIs suitable for various enterprise applications such as SAP. The third part is the APP market, providing buying and selling services to experts, consultants and developers. SophiaTX is an open source project, especially suitable for expanding traditional enterprise applications into more powerful, collaborative, and distributed blockchain business applications.

1. The SophiaTX blockchain must be commercially suitable for use in terms of functionality, security and compliance. 2. Use cases based on blockchain must have positive business impact enterprise use cases and must bring significant value to the enterprise and the entire ecosystem, such as increasing revenue, customer trust and satisfaction, eliminating waste, reducing time or saving costs. 3. SophiaTX must be easy to integrate with enterprise applications such as SAP, Oracle, Salesforce, Microsoft Dynamics, etc. 4. In promoting the use of SophiaTX, business community and system consultants must have a sense of participation, rich knowledge, skilled skills and willing to provide support. 5. End customers must have corresponding knowledge background and communicate actively.

Enterprises are currently facing many challenges, including trust in information exchange with other parties and agreement signing issues; blockchain provides a new capability for point-to-point information exchange; and establishing common ground in the field of dispute. Information exchange implemented by complex and expensive middleware interface products has its limitations and has not yet truly achieved point-to-point transparency and trust. For peer-to-peer information exchange, the SophiaTX platform provides a comprehensive set of tools that allow developers to build and publish applications, and then use these applications to use blockchain and distributed data integrated with ERP and CRM solutions. Once the SophiaTX blockchain is fully launched, it will use its own proprietary token SPHTX.

SPHTX tokens have many uses in the market and blockchain, and tokens will also be used as program tokens in many distributed applications (DAPPs): they can be used as transaction fees and forging rewards for miners to verify blocks and on-chain transactions; they can be used as access to subscription development platforms and markets; they can be used as rewards for buying and selling assets on the market (application market and development market); they can be used as rewards for developers when end customers installing and using SophiaTX applications (Dapp licenses); they can be used as transaction and data storage fees for document servers; they can be used as proof of private blockchain licensing.

2. Comment

SophiaTX is a Blockchain platform and marketplace integrating business applications and solutions into a collaborative environment. As an open source platform, it contains integrated APIs, SAP and other enterprise software covering leading ERP, CRM and SCM systems. SophiaTX blockchain is designed to extend traditional enterprise applications and to enhance and reshape existing business models. The platform is made up of a development platform that is used to pay for mining and transaction fees, allows access and subscription to market SPHTX (SophiaTX Token) and purchases in-app. It is designed for trading financial assets or micro-assets and services, proprietary technologies, process drawings and blueprints, integrated and professional consulting services to enable accelerated adoption and use.

Related links:
https://www.sophiatx.com/
https://www.sophiatx.com/wp-content/uploads/2018/11/SophiaTX_Whitepaper_cn.pdf
https://zh.coinjinja.com/ico/sophiatx