SophiaTX is a blockchain platform and a marketplace that integrates business applications and solutions into a highly collaborative environment. This open source platform integrates mainstream business applications including SAP, ERP, CRM, and SCM. It is customized for extending traditional enterprise applications and can help enhance and reshape current business models.

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 even the entire world economy. 87% of global enterprises and 98% of the world's top 100 brands use SAP software, touching $16 trillion in consumption and 74% of transactional revenue annually. This market is critical to realizing the expectation that blockchain will account for 10% of global GDP by 2027.

SophiaTX is divided into three parts. The first part is built on the DECENT blockchain and is specially developed 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, which provides buying and selling services for experts, consultants and developers. SophiaTX is an open source project, especially suitable for expanding traditional enterprise applications into more powerful, more collaborative, and more distributed blockchain business applications.

1. The SophiaTX blockchain must be suitable for commercial use in terms of functionality, security and compliance. 2. Use cases implemented 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 SAP, Oracle, Salesforce, Microsoft Dynamics and other enterprise applications. 4. In promoting the use of SophiaTX, business communities and system consultants must have a sense of participation, rich knowledge, skilled skills, and willingness to provide support. 5. End customers must have corresponding knowledge background and communicate actively.

Businesses currently face many challenges, including trust issues in exchanging information with other parties and signing agreements; blockchain provides new capabilities for peer-to-peer information exchange; and creates common ground in disputed areas. The information exchange realized by complex and expensive middleware interface products has its limitations, and has not really achieved peer-to-peer 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 that then 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 on the blockchain, and the tokens will also be used as program tokens in many distributed applications (DAPP): they can be used as miners to verify blocks and on-chain Transaction fees and forging rewards for transactions; can be used as subscription access to development platforms and markets; can be used as rewards for buying and selling assets on markets (application market and development market); can be used as end customers to install and use SophiaTX applications (Dapp license), rewards for developers; can be used as transaction and data storage fees for document servers; can be used as proof of permission for private blockchains.

2. Comments

SophiaTX is a Blockchain platform and marketplace integrating business applications and solutions into a collaborative environment. As an open source platform, it contains integrated API, enterprise software such as SAP, covering leading ERP, CRM and SCM systems. The SophiaTX blockchain is designed to extend traditional enterprise applications and enhance and reshape existing business models. The platform is fueled by SPHTX (SophiaTX Token) which is used to pay mining and transaction fees, allows access and subscriptions to the developer platform, marketplace, and in-app purchases. It is designed for transactional financial assets or micro-assets and services, proprietary technology, process maps and blueprints, integration and professional consulting services to enable accelerated adoption and usage.

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