SophiaTX is a decentralized blockchain, open-source platform that integrates blockchain to SAPs like CRM, ERP and SCM systems as well as other business enterprise apps. It is a platform that seeks to use the power inherent in the blockchain technology to expand traditional business applications. This platform features three specific aspects:
1. It is a development platform that has APIs (Application Programming Interface) that developers can integrate to SAPs and other enterprisesShow more [+] plications like Oracle and Microsoft Dynamics among others.
2. This platform is specifically designed and developed for any business environment
3. The platform provides a marketplace for developers, consultants, companies and other stakeholders to buy and sell industry related products.
Expanding ERPs or (Enterprise Resource Products) using the blockchain will be of great benefit to companies as they will significantly reduce the costs incurred with redundancy and mismanagement. They will also enjoy faster processes and enhanced security. This platform will be of great use to firms in automotive, construction and pharmaceutical industries.
SPHTX is token that is used on SophiaTX platform as the currency for transactions. It is a DpoS (Delegated Proof of Stake) token that is not premined. The token is supported by the platform's official wallet and other wallets that support erc20 tokens. It has a total supply of 500 million tokens of which 30% are available for sale. During its token sale that ended on December 17, 2017, only 29% of the target was raised. The sale managed to raise about $23.4 million.
This platform has been developed by a team of professionals who are also managing it. A few advisors include among others Magnus Akesson, CIO and VP Global Repair Solutions, Jason McKay, CIO Napec and Daniela Weber, CIO, Marie Stopes International.