With the release of the E-XRBL platform, SophiaTX has solidified itself as one of the first blockchains to boast real enterprise use. A unicorn in the making? Time will tell, but SophiaTX continues to develop real solutions for real problems.



What is E-XBRL?



E-XBRL is a MBRS (Malaysian Business Reporting System) compliant solution powered by the cutting-edge SophiaTX Blockchain platform; which offers major advantages at all stages of business reporting and analysis over previous methods. E-XBRL is based on the extensible business reporting language format which is more commonly known as XBRL. The Malaysian Business Reporting System is the first major player to implement the E-XBRL platform which allows for the annual submission of monthly financial reports and statements, annual returns, and other related documents.



The benefits of the E-XBRL platform over previous methods include ease of use, cost/time savings, automation, superior security, and last but not least MBRS compliancy. All businesses in Malaysia are required by law to report the documents stated above. Will they continue using the old financially inefficient methods or will they use a compliant solution which simplifies the process and makes it much easier? Check out E-XBRL here exbrl.com.my



Development and Growth



While many projects struggle to find solid ground to stand on, SophiaTX continues to focus on business and product development. The project prides itself on operating as a true business which provides real value rather than empty promises and hype-based propaganda. The blockchain space is still relatively young, celebrating its 10th birthday this year. Blockchain as a technology has many different use cases, from payments to supply chain management, but this technology is still widely perceived as experimental and speculative.



SophiaTX is seen as one of the front-runners — bringing real use and adoption to the blockchain space. SophiaTX plans to gain adoption through the addition of VAP’s (Value-Added Partners) in prime locations around the world, where their blockchain can benefit small, medium, and large enterprises. Currently, SophiaTX has VAP’s in the USA, Malaysia, Poland, South Africa, Slovakia, and several other regions; these partners will help gain clients interested in deploying the benefits of a secure, transparent, and trustworthy blockchain. Is this project really a unicorn to be born in the blockchain era and what secret projects are they planning to release into the market? Soon we will know.



What is SophiaTX Academy?



If you have been staying up to date with what’s happening with SophiaTX, you can see a lot is going on. Most recently, SophiaTX Academy launched, which offers a unique way for business and IT professionals to explore enterprise blockchain technology and acquire ideas on how to revolutionize existing business models with blockchain. Content covered in the SophiaTX Academy ranges from understanding blockchain, its features, and its disruptive potential to designing your own use case and learning to recognize the opportunities for utilizing blockchain technology. Currently, SophiaTX Academy is only offered in the classroom setting but an online component will be added soon. Check it out here academy.sophiatx.com.