When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of SophiaTX.
SophiaTX is a blockchain technology initiative led by a company in Switzerland called Equidato Technologies AG. They officially label themselves as the «blockchain for business». Their aim is to further deepen the possibilities of distributing enterprise applications within a blockchain framework. Therefore, the applications will enjoy the security and trust that comes with decentralisation. Equidato is an existing company which is already working with integrating blockchain in enterprise applications. Examples of these are SAP, IoT sensors and various other advanced technologies that are currently in the forefront of the «future ecosystem».
SophiaTX aims to build a platform with a public blockchain which will integrate with ERPs and enterprise applications with the blockchain. As mentioned above, SAP is a big partner that Equidato wants to integrate fully with the blockchain.
Given SAP’s large market share, their ambition can be very disruptive if successful. Because this target market experiences little to no disruption at all, SophiaTX can achieve massive levels of adoption fairly quickly if done right. The company has a strong team behind them with hands-on existing market know-how. Because blockchain is so good at ensuring transparency and security in business critical processes, They can create a marketplace and ecosystem that will benefit this entire target market hugely. Another key factor is their partnerships. For example they are currently working with General Electric. Again, because of the magnitude of partnering with these billion dollar brands, they will quickly gain valuable insight in regards to what the market needs.
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