Saturday, July 20, 2019

SophiaTX and ArkTree Partners to Boost Blockchain Technology Use in South Africa

Swiss-based blockchain tech company, SophiaTX, has agreed to partner with a South African blockchain enterprise, ArkTree, to promote the use of blockchain technology in the country. In the details of the announcement, ArkTree will be SophiaTX’s only reseller, introducing blockchain innovation to its customers in the “enterprise resource planning” domain.

The managing director of ArkTree, Sean Martin, stated that: “The experience in enterprise-grade information systems combined with the ability to show clients how systems can be integrated with appropriate blockchain solutions to enhance the business value chain, offers these two companies solid foundation in their partnership decision.”

Arktree to Play a Vital Role       

The announcement indicated that ArkTree is poised to play a starring role in the enterprise-grade blockchain field in South Africa by offering an opening and intelligent blockchain consulting expertise to its associates and customers.

ArkTree will also offer a specially designed management accounting pattern solution for its customers, this move takes the profit count and costs management to a whole new level, and it will be powered by the new in-memory technology, the announcement stated. SophiaTX Chief executive officer, Jaroslav Kacina said:

“Our partnership will deliver scalable enterprise-grade blockchain solutions with service and performance required by businesses. Additionally, the solution offers appropriate levels of compliance – SophiaTX works jointly with the “big four” advisory and audit firms to achieve required security standards and ISO certifications.”

SophiaTX CEO, Jaroslav Kacina, further said “SophiaTX will bring a direct impact on the bottom line in a relatively short period of time for all businesses that seek better collaboration, exchange of information across industries, and an increase in competitiveness. SophiaTX is aimed at extending business applications such as SAP and also the integration of disruptive technologies such as IoT sensors, AI, Robotics and several others.”

Related Article:  Mastercard to Simplify B2B Transactions with Blockchain, Files New Patent

On July 25, the company had recently launched its Main-net, a move that will open doors to “more opportunities for the adoption of the SophiaTX blockchain into businesses and integration for a wider range of enterprise systems and technologies across an array of industries and regions.”

The blockchain giant held an initial coin offering (ICO) of its token SPHTX last December, SPHTX is currently valued at $0.17, and its market capitalization is at $34.5 million.

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