Blockchain and Business Experts Team Up to Create The World’s First Open Source Platform to Integrate SAP and Blockchain
- Bringing together the best minds in technology and business they aim to conquer blockchain’s next frontier, SAP and other Enterprise applications.
We are SophiaTX, a blockchain platform and marketplace designed for businesses of all sizes. Created by Equidato Technologies AG, a joint venture between two Swiss companies, DECENT - a purpose-developed blockchain platform for content distribution, and Venaco Group - an independent best-in-class SAP and innovation firm, we are the premier application to come out of this new venture.
We are the first open source platform ever to primarily integrate blockchain technology with SAP, allowing both users and integrators to use blockchain. Integrating SAP and blockchain offers enormous potential for both users and the global economy. In fact, 87% of global businesses and 98% of the top 100 most valued brands in the world use SAP software, touching $16 trillion of consumer purchases and 74% of transaction revenue worldwide every year. This market could be crucial in blockchain achieving, and possibly exceeding, current estimates that it will enable 10% of global GDP by 2027.
“Integrating blockchain with SAP and other business applications is inevitably the next frontier for blockchain and for business applications.”
Our platform can be thought of as three components. It consists of a blockchain built on DECENT’s proprietary blockchain technology, specifically developed and enabled to power a B2B transaction engine; a development platform with integration APIs to SAP and other enterprise applications; and a marketplace for a global community of experts, consultants, and developers to buy and sell apps. It is open source, and tailored to allow traditional enterprise applications to be extended to more robust, collaborative and decentralized blockchain-enabled business models.
“Integrating blockchain with SAP allows businesses to deliver efficiencies, better collaborate along the value chain, and even shape their business models ” said Jaroslav Kacina, CEO of SophiaTX and Equidato Technologies AG. “Integrating blockchain with SAP and other business applications is inevitably the next frontier for blockchain and for business applications.”
We are a project led by Equidato Technologies AG, a Swiss-based joint stock company formed for the venture by veterans of best-in-class SAP integration experience. Our ICO (initial coin offering) will be held later this year.
We will inform you regularly about any new updates from SophiaTX.