Equidato: Blockchain & IoT Enterprise Business Technologies?
Equidato Technologies, found online at Equidato.com, aims to integrate blockchain and IoT into enterprise applications. Find out how it works today in our review.
What Is Equidato?
Equidato Technologies wants to combine blockchain technology with IoT devices to create “innovative business models.”
Equidato Technologies was formed by two Swiss companies in September 2017. Those Swiss companies include Venaco Group, which has experience with complex business and SAP technology transformations, and Decent, which offers its own proprietary blockchain technology.
Together, these two companies seek to use Equidato Technologies to enhance the way enterprises use blockchain technology. Equidato will also offer a range of business innovation services regarding the use of blockchain.
How Equidato Blockchain & IoT Enterprise Technologies Works
Equidato Technologies aims to help businesses embrace blockchain technology. Blockchain has powerful long-term potential for businesses worldwide – but many businesses are unsure how to implement it.
With that in mind, Equidato Technologies will offer the following business innovation services:
- Business advisory
- Technology consulting
- Rapid prototyping and implementation
- Business transformation
- Comprehensive project management
- Turnkey application development and integration
Equidato Technologies has also launched several products under the SophiaTX brand, including the SophiaTX Developer Platform, Marketplace, and Blockchain.
What Is SophiaTX?
SophiaTX is the flagship product offered by Equidato Technologies. There are three components to SophiaTX, including SophiaTX Blockchain Platform for Business, SophiaTX Developer Platform, and the SophiaTX Marketplace:
SophiaTX Blockchain Platform For Business
This platform is designed to track and reduce points of friction for any business relying on an indisputable record of business interactions. In other words, it seeks to be the best enterprise blockchain for businesses that can benefit from blockchain technology.
The SophiaTX business blockchain emphasizes features like data consistency, data loss-proof procedures, and modern data management. As the official website explains, “SophiaTX is the base for…speedy trustful transaction recording and distribution.”
Other unique features of SophiaTX include:
- Increased authentication requirements for counterparties
- Privacy and confidentiality of transferred data
- High transaction speed
- Flexible integration tools for existing corporate systems (including ERP SAP)
- Support for 1-to-1 and 1-to-many operations
SophiaTX Developer Platform
The developer platform can be tailored for industry-specific uses by organizations of all sizes. The platform comes pre-configured and easy to use, allowing developers to create blockchain applications suited for a wide range of uses across industries.
The platform also comes with APIs that allow integration with enterprise-wide applications (like SAP), IoT, and other smart devices.
The SophiaTX marketplace aims to introduce new types of business transactions at higher scales of processing. That means more data to analyze, but also more data to build richer and more accurate transactions to cover future demanding needs.
The SophiaTX marketplace will connect customers with developers and blockchain support technicians. Customers can subscribe to the marketplace newsletter to be informed about any new, interesting developments underway regarding how enterprises are connecting to and utilizing blockchain technology.
You can spend SPHTX tokens at the SophiaTX marketplace. You can buy blockchain application licenses, for example, made by developers for enterprise use.
Who’s Behind Equidato?
Equidato Technologies was announced in September 2017 by two Swiss companies, including Venaco Group and Decent. The two launched Equidato Technologies AG as a joint venture.
Equidato Technologies is based in the Swiss Canton of Aargau.
Decent is a blockchain-based media distribution platform built with the goal of bringing transparency and fairness to the media industry. The blockchain allows artists to distribute content online without waiting for payments and without paying hefty fees. It’s a purpose-developed blockchain that aims to revolutionize distribution, saving content producers money and giving them increased control without compromising on security.
Venaco Group, meanwhile, provides independent SAP advisory, implementation, and innovation services around the world. Headquartered in Lupfig, Switzerland, the company also has delivery centers in Kuala Lumpur and Bratislava.
The Equidato ICO Details
Equidato Technologies held an ICO in late 2017 for its SophiaTX tokens, or SPHTX.
The tokens are used to pay subscription fees on the platform. They’re also used to reward miners who verify transactions. Customers can spend SPHTX on business applications in the store or pay to license the use of SophiaTX’s private blockchain.
As of March 2018, SPHTX tokens are priced at around $0.50 apiece with a market cap of $91 million. There’s a total supply of 350 million SPHTX tokens, with about 200 million tokens currently circulating.
Equidato Technologies raised $7.3 million through its ICO, which took place from December 7 to 17, 2017.
Equidato Technologies is a joint venture between two Swiss blockchain and business innovation companies. The company’s flagship product, SophiaTX, is the first open source blockchain platform of its kind, intended for use in business. The goal is to create the best possible enterprise-grade blockchain for businesses.
To learn more about Equidato Technologies and their blockchain products and services, visit online today at Equidato.com