SophiaTX highlights its success by continuously acquiring partnerships among distinguished business in the industry, invariably delivering on their 2018 roadmap promises. The latest was with Malaysia Automotive Institute (MAI) and Crypto Valley Malaysia (CVM), all of them aiming to make transportation more efficient, affordable, accessible, reliable, and greener.

With their mainnet launched back in July, supported by a fully-functional Explorer and Wallet, the company is currently advancing the adoption of blockchain across industries and recognizing the technology’s potential to become a significant reference for disruptive innovation in business and administration. The SophiaTX platform has the potential to fortify the connectivity of company operation and implement end-to-end transparency, from manufacturers to consumers.

The Unique Selling Point Of SophiaTX

Tailored specifically for optimal and efficient business use, The SophiaTX blockchain platform has been focusing on accomplishing three main functions with their system with the purpose of transforming various business practices across industries.

Their one-to-one document exchange employs the blockchain in a way that guarantees all parties sending and receiving documents within the network have to acknowledge their transaction.

Their multi-party information exchange secures efficient collaboration and transfer of information among many different parties. It is at the same time that it assures there is satisfactory transparency in place as a form of confirmation of a balance in the bonuses or penalties that are associated in the business setting. In practice, this, for example, could help synchronize delivery hours on a project in which multiple parties are working.

The multi-party collaboration over the value chain implies that the verified information can be tracked all the way from the manufacturer through the process until it reaches the end consumer. It means that all forms of good can be easily monitored and traced, as well as allowing for lengthened warranties and the likes.

The automotive industry could serve as a sample case. Forces like automatization and electrification in the last century resulted in long and unmanageable automotive supply chains.

Cars are becoming large smart devices with superior emergency braking capabilities, mapping technologies for autonomous driving, and of course greater fuel efficiency. These all can be heightened to a superior level in terms of convenience and reliability by utilizing blockchain for transparent collaboration and visibility across all tiers of the value chain.

Latest Development

On Thursday, December 6, 2018, SophiaTX hosted another live AMA session with their CEO Jaroslav Kacina and CMO Mirta Jarnjak to discuss all company developments and new years’ plans for 2019.

The company’s principal idea to succeed is that blockchain requires to be viewed as a proper business technology, entirely serviced and deployable, with the ability to connect with ERP systems. They further discussed their partnership strategy along with their plan for driving adoption and generating revenue, emphasizing the importance of events attended such as Evanta’s Global CIO conferences in spreading awareness and building productive relationships with global companies including Cheng & Co in Malaysia.

Jaroslav emphasizes that they have an exceptionally high conversion rate which is over 90% resulting from definite targeting of companies, referring to many valuable paying clients they have attracted this year which is unique and remarkable to the blockchain space.

A summary of the products and services deployed by SophiaTX as presented in the AMA, one is the Public Blockchain that highlights a fully operational Wallet and Explorer, which had recently been updated with new usability improvements. And API’s, that allows integration with systems such as SAP S/4HANA, SAP Business One, as well as programs like Microsoft Office, Java, and JavaScript. Also, new applications are also currently being tested, such as TX Docs, TX Origin, TX Connect, and many more.

Conclusion:

SophiaTX is a unique and promising project that can transform the world into a better and safer place. Better, because business practices, processes, and other aspects can be advanced and heightened to more convenience, not just to the manufacturers, but to the consumers. Safer, as consumers will be assured of products authenticity especially food and medicines.