THELOGICALINDIAN - SophiaTX advised the Ultimate Blockchain for Business aloof entered the final annular of a actual acknowledged Token Generation Event Dec 7 17 area they accept already aloft able-bodied over 11 Million USD The different purposebuilt blockchain belvedere and exchange were advised from the arena up for the specific purpose of amalgam action applications such as ERP SCM and CRM systems into a collaborative ambiance beyond assorted enterprises and industries
SophiaTX is accessible to appearance off what it can do for businesses on a all-around scale. They aloof opened pre-registration for Early Adoption Program which will barrage in aboriginal 2018. The affairs is aimed at both individuals (enterprise applications experts, consultants, and architects) and organizations.
The aboriginal acceptance affairs offers exclusive, associates alone admission to SophiaTX technology, the use of a testnet platform, abundant use case description for implementation, and acquirements opportunities for businesses behindhand the admeasurement baby or large. Interested parties can subscribe to the aboriginal acceptance affairs on the SophiaTX website. As a baby sample of SophiaTX potential, the aggregation has categorical a use case which they affirmed, by way of absolutely functional affidavit of concept.
Blockchain E-invoice Data Exchange / One-to-One Document Exchange
Extensive analysis of today’s business models and practices begin that added than 90% of all invoices common are still candy manually (via mail, print, email, and added chiral methods) which absorb admired time, assets and access the costs.
The volume for e-invoices will accomplish at atomic 36 billion common with anniversary advance ante of 10-20% by the end of 2017. The estimated admeasurement of the e-invoicing bazaar is 3.3 Billion Euro for 2017, and is accepted to abound to 16.1 Billion Euro in the year 2024.
“The capital problems with acceptable e-invoicing is that it charcoal bulky in adoption, is almost big-ticket to apparatus and is rather bound to a called blazon of document. This is area blockchain technology offers faster acceptance and a true, peer-to-peer advice barter of almost absolute types of documentation.” said Jaroslav Kacina, SophiaTX CEO.
SophiaTX takes the action assorted accomplish added by inputting the e-invoice abstracts to their own blockchain, again automating that advice to an calmly attainable and absolute e-invoice certificate which can be beatific to the advised party. This is absolute via the immutable, cellophane balance which keeps a detailed, time-stamped almanac of anniversary footfall of the action (known as transactions).
Having calmly absolute abstracts annal is acutely important. Their research has apparent that 47% of business receivables were counterfeit invoices in 2016. Additionally, 40% of European invoices are defaulted on or paid backward with beneath than 10% of invoices actuality currently digitised. There is no accepted or affordable abstracts barter belvedere amid trading ally which hinders the possibilities to actualize a collaborative ecosystem to advice break above problems with the accepted system.
The accomplishing of SophiaTX into business ecosystems can annihilate the charge for chiral processing of invoices, abbreviation costs and attention companies adjoin counterfeit claims because their belvedere guarantees fast & defended delivery, transparency, continued control, bigger banknote management, accessible auditability, and tax compliance.
About SophiaTX
SophiaTX is a blockchain belvedere and exchange for businesses of all sizes, and the aboriginal open antecedent belvedere to primarily accommodate blockchain technology with SAP and added action systems. 74% of transaction acquirement common touches an SAP system, and SophiaTX provides a business-appropriate blockchain for B2B accord and communication.
