Sophia_TX + Automotive Industry…

Overview

Sophia_TX isn’t just another “Token” project; it’s enterprise blockchain at its finest. In this article, I will highlight some of the reasons Sophia_TX will succeed with or without the adoption of “Cryptocurrencies” by the world. Sophia_TX is targeting three specific markets (but not limited to): Automotive, Construction, and Pharmaceuticals for implementation of their blockchain to extend current ERP/CRM/SCM systems. The main industry I want to focus on is the Automotive industry because I feel that this is where Sophia_TX will have the most success/biggest impact.

Automotive Market Size: $3.5 Trillion+

Potential Clients (Newmatec Conference):

-Jaguar/Land rover: $28.3 Billion in Revenue(2016)

-Volkswagen: $268 Billion in Revenue(2017) (Volkswagen also owns Audi, Bentley, Bugatti, Lamborghini, Porshe, SEAT, Skoda, Ducati and Traton AG)

-Continental: $51.8 Billion in Revenue(2017)

-PSA: $76 Billion in Revenue(2017)

Not only has Sophia_TX made contact with these companies at the Newmatec Conference but they are right down the road from each other. Sophia_TX’s Head Office is in Switzerland but their Global Delivery Center in Slovakia. The key is that all of the Automotive companies stated above have manufacturing plants in Slovakia which they could benefit by streamlining their Supply Chain Management systems by utilizing the Sophia_TX Blockchain.

Current Problems with Automotive Supply Chains

Some problems with current Automotive Supply Chains are overstocked inventory, a large number of recalls, managing the Supply Chain on a Global scale, using an SCM system that is flexible and reliable, tracking geographic expansion, cost/location, and environment/ethics. All of these problems stated above equal loss of time and money for the manufacturer; blockchain can’t fix all the problems but can reduce or eliminate a majority of these issues.

Benefits for Automotive Companies to use the Sophia_TX Blockchain

Transparency/Traceability, Cost/Complexity reduction, Trusted record keeping, Consolidated audit trials, Permanent/Immutable Proven, and Authenticated Transactions. These benefits are key to increasing revenue and eliminating wasted time and money.

Check out more information here: https://www.sophiatx.com/sophiatx-and-ey-joined-the-newmatec-2018/