[ANN] SophiaTX Announcement - The Blockchain for Business

[MissedBTCtrain]

An artcle by TurkCoin: SophiaTX Yazılımını Piyasaya Sürdü

Can anyone translate or send the jist of the story?

Just read it through google translate and its quite informative. I think we need more of this to spread out to all of the local people.

Just out of curiosity - why are you reading articles in foreign language using Google translate? It's just pointless   

Be carefull reading anything with google translation!

I once tried to google translate the NEO whitepaper, it was a depressing read

[magisterr]

I just read your article on Forbs
https://www.forbes.com/sites/rogeraitken/2017/09/29/worlds-first-open-source-platform-integrating-sap-blockchain-plans-initial-coin-offering/#39611cad13b8

A joint venture between Swiss-based blockchain content distribution platform DECENT and Venaco Group, an independent "best-in-class" SAP advisory, innovation and implementation services firm, has revealed the formation of a blockchain platform and marketplace for “businesses of all sizes,” called SophiaTX. The business behind the venture plans to launch an initial coin offering (ICO) in the next few months.

So, Decent - was your project also?

No, DECENT is a company, not a project. There are a few people from DECENT working on a SophiaTX, as well as there are some from Venaco Group and some are just from Equidato Technologies. That is how joint ventures work. 

You mean this DECENT? right?
https://coinmarketcap.com/currencies/decent/

I think about cryptocurrency Decent. So, this 2 projects have 1 owner?

[captainhera]

I'm thinking that SAP AG  will be very interested on this platform and maybe forge a partneship with SophiaTX.

it would be great, good partnership at this stage would be very useful for growth of the project.

the question is "Is SAP aware of this integration?". have you guys spoken with them?

Hmmm it seems SAP is working on their own blockchain as a service.
https://www.sap.com/belgie/products/leonardo/blockchain.html

How does SophiaTX differ compared to the service SAP wants to roll out?

Great question!
Thanks for pointing this out, very curious about the answer from the devs.

[cmg12]

I just read your article on Forbs
https://www.forbes.com/sites/rogeraitken/2017/09/29/worlds-first-open-source-platform-integrating-sap-blockchain-plans-initial-coin-offering/#39611cad13b8

A joint venture between Swiss-based blockchain content distribution platform DECENT and Venaco Group, an independent "best-in-class" SAP advisory, innovation and implementation services firm, has revealed the formation of a blockchain platform and marketplace for “businesses of all sizes,” called SophiaTX. The business behind the venture plans to launch an initial coin offering (ICO) in the next few months.

So, Decent - was your project also?

No, DECENT is a company, not a project. There are a few people from DECENT working on a SophiaTX, as well as there are some from Venaco Group and some are just from Equidato Technologies. That is how joint ventures work. 

You mean this DECENT? right?
https://coinmarketcap.com/currencies/decent/

I think about cryptocurrency Decent. So, this 2 projects have 1 owner?

Most of people who works in the crypto space are just freelancers so they can work on many projects at the same time

[SophiaTX]

I just read your article on Forbs
https://www.forbes.com/sites/rogeraitken/2017/09/29/worlds-first-open-source-platform-integrating-sap-blockchain-plans-initial-coin-offering/#39611cad13b8

A joint venture between Swiss-based blockchain content distribution platform DECENT and Venaco Group, an independent "best-in-class" SAP advisory, innovation and implementation services firm, has revealed the formation of a blockchain platform and marketplace for “businesses of all sizes,” called SophiaTX. The business behind the venture plans to launch an initial coin offering (ICO) in the next few months.

So, Decent - was your project also?

No, DECENT is a company, not a project. There are a few people from DECENT working on a SophiaTX, as well as there are some from Venaco Group and some are just from Equidato Technologies. That is how joint ventures work. 

You mean this DECENT? right?
https://coinmarketcap.com/currencies/decent/

I think about cryptocurrency Decent. So, this 2 projects have 1 owner?

Not really. DECENT resp. DCT belongs to company DECENT, which has it own owners, so if I simplify it a lot it is one project and one "owner"(company). And this "owner" (company) is working on another project together with Venaco Group (another "owner"). So SophiaTX has two "owners" one of which is DECENT.

[SophiaTX]

We will get 10% bonus during the token generation event if we use DCT. What if we use ETH? Wether there will be a bonus for us?

does this combine (additional) with early bird sale?

If you will participate with DCT in the first round you will have both - 10% bonus as well as the price for the first round: 0,00062789 ETH. The same is applicable to all five rounds. In every round, you will have 10% bonus if you participate with DCT as well as the price determined for that round. There is no bonus for ETH or BTC.

[SophiaTX]

may i ask if a tiny airdrop maybe, is not planned for the community? mostly airdrops are rising the awareness pretty fast, nowadays

After careful consideration of all pros and cons, it is not suitable for our type of project, therefore we decided not to proceed with it.

[alphashotgun]

may i ask if a tiny airdrop maybe, is not planned for the community? mostly airdrops are rising the awareness pretty fast, nowadays

After careful consideration of all pros and cons, it is not suitable for our type of project, therefore we decided not to proceed with it.

not having an airdrop is sure the better choice! people who "want" the coins by airdrop dont really want them

[HDAMMO]

Where can i find the timeline?

[emanuelgunter]

I wonder what new types of business models will appear because of your project. I hope we will see that soon!

[SophiaTX]

I'm thinking that SAP AG  will be very interested on this platform and maybe forge a partneship with SophiaTX.

it would be great, good partnership at this stage would be very useful for growth of the project.

the question is "Is SAP aware of this integration?". have you guys spoken with them?

Hmmm it seems SAP is working on their own blockchain as a service.
https://www.sap.com/belgie/products/leonardo/blockchain.html

How does SophiaTX differ compared to the service SAP wants to roll out?

I would also like to know that. SAP is a very big company, they have huge client base. How will SophiaTX compete with that?

It is a very big company so it definitely has resources to monitor the market and there was also an article on SAP Africa website so we are sure they know about us. But we haven't spoken to them officially about anything. We do not compete with them directly since as we mentioned in our Whitepaper:
"The SAP company has introduced a very compelling offering under its SAP Leonardo innovation effort. SAP’s blockchain approach of BaaS20 (Blockchain-as-a-Service) is suitable for large and midsize organizations seeking a rather private and consortium-based setup. Having said that, opening it to wider public participants may prove to be challenging and less trusted by typical blockchain advocates. In our view BaaS is coming short of being truly inclusive of all participants across value chains, does not provide sufficient transparency, and has a tendency to be relatively more expensive."

[SophiaTX]

Where can i find the timeline?

At the begining of this thread, there is a Roadmap with a timeline (it is an image and it might take a few seconds to load all images).

[MandatoryOption]

may i ask if a tiny airdrop maybe, is not planned for the community? mostly airdrops are rising the awareness pretty fast, nowadays

After careful consideration of all pros and cons, it is not suitable for our type of project, therefore we decided not to proceed with it.

I am glad you decided not to have an airdrop. What I have seen fom other projects is that as soon as such an airdrop is launched the quality of posts here and in Telegram drops drastically:"Joined airdrop" "Thanks for Airdrop" and similar of these phrases. These kind of activity doesn't help a project and I have still doubts that even a few of these airdrop hunters stay interested in the project itself.

[loup]

may i ask if a tiny airdrop maybe, is not planned for the community? mostly airdrops are rising the awareness pretty fast, nowadays

After careful consideration of all pros and cons, it is not suitable for our type of project, therefore we decided not to proceed with it.

not having an airdrop is sure the better choice! people who "want" the coins by airdrop dont really want them

Not necessarily, there are people who simply want to get some coins to sell fast and there are others who can not afford to invest in many projects and want to have some coins because it seems a good project whose value is going to increase.

[matjas]

I'm thinking that SAP AG  will be very interested on this platform and maybe forge a partneship with SophiaTX.

it would be great, good partnership at this stage would be very useful for growth of the project.

the question is "Is SAP aware of this integration?". have you guys spoken with them?

Hmmm it seems SAP is working on their own blockchain as a service.
https://www.sap.com/belgie/products/leonardo/blockchain.html

How does SophiaTX differ compared to the service SAP wants to roll out?

I would also like to know that. SAP is a very big company, they have huge client base. How will SophiaTX compete with that?

It is a very big company so it definitely has resources to monitor the market and there was also an article on SAP Africa website so we are sure they know about us. But we haven't spoken to them officially about anything. We do not compete with them directly since as we mentioned in our Whitepaper:
"The SAP company has introduced a very compelling offering under its SAP Leonardo innovation effort. SAP’s blockchain approach of BaaS20 (Blockchain-as-a-Service) is suitable for large and midsize organizations seeking a rather private and consortium-based setup. Having said that, opening it to wider public participants may prove to be challenging and less trusted by typical blockchain advocates. In our view BaaS is coming short of being truly inclusive of all participants across value chains, does not provide sufficient transparency, and has a tendency to be relatively more expensive."

Thanks for reply!
So if I understood correctly, SophiaTX will provide services for wide range of rather small customers making it easy to access?

[alphashotgun]

may i ask if a tiny airdrop maybe, is not planned for the community? mostly airdrops are rising the awareness pretty fast, nowadays

After careful consideration of all pros and cons, it is not suitable for our type of project, therefore we decided not to proceed with it.

not having an airdrop is sure the better choice! people who "want" the coins by airdrop dont really want them

Not necessarily, there are people who simply want to get some coins to sell fast and there are others who can not afford to invest in many projects and want to have some coins because it seems a good project whose value is going to increase.

okay well you are right - i just thought about these "airdrop hunters"

[Münzpräger]

may i ask if a tiny airdrop maybe, is not planned for the community? mostly airdrops are rising the awareness pretty fast, nowadays

After careful consideration of all pros and cons, it is not suitable for our type of project, therefore we decided not to proceed with it.

not having an airdrop is sure the better choice! people who "want" the coins by airdrop dont really want them

Not necessarily, there are people who simply want to get some coins to sell fast and there are others who can not afford to invest in many projects and want to have some coins because it seems a good project whose value is going to increase.

but there is also the perception that projects doing airdrops are "cheap" projects. Since SophiaTX are aiming at buisiness customers I believe it's better not to market it as a free giveaway.

[kraterion]

I'm thinking that SAP AG  will be very interested on this platform and maybe forge a partneship with SophiaTX.

it would be great, good partnership at this stage would be very useful for growth of the project.

the question is "Is SAP aware of this integration?". have you guys spoken with them?

Hmmm it seems SAP is working on their own blockchain as a service.
https://www.sap.com/belgie/products/leonardo/blockchain.html

How does SophiaTX differ compared to the service SAP wants to roll out?

I would also like to know that. SAP is a very big company, they have huge client base. How will SophiaTX compete with that?

It is a very big company so it definitely has resources to monitor the market and there was also an article on SAP Africa website so we are sure they know about us. But we haven't spoken to them officially about anything. We do not compete with them directly since as we mentioned in our Whitepaper:
"The SAP company has introduced a very compelling offering under its SAP Leonardo innovation effort. SAP’s blockchain approach of BaaS20 (Blockchain-as-a-Service) is suitable for large and midsize organizations seeking a rather private and consortium-based setup. Having said that, opening it to wider public participants may prove to be challenging and less trusted by typical blockchain advocates. In our view BaaS is coming short of being truly inclusive of all participants across value chains, does not provide sufficient transparency, and has a tendency to be relatively more expensive."

I'm curious to know if SAP's BaaS will be fast enough for the huge amount of data going trough SAP everyday. Decent is really fast, 5 sec blocktime (like other DPoS chains, ARK 8 sec, BTS 3 sec etc...)

[loup]

may i ask if a tiny airdrop maybe, is not planned for the community? mostly airdrops are rising the awareness pretty fast, nowadays

After careful consideration of all pros and cons, it is not suitable for our type of project, therefore we decided not to proceed with it.

not having an airdrop is sure the better choice! people who "want" the coins by airdrop dont really want them

Not necessarily, there are people who simply want to get some coins to sell fast and there are others who can not afford to invest in many projects and want to have some coins because it seems a good project whose value is going to increase.

but there is also the perception that projects doing airdrops are "cheap" projects. Since SophiaTX are aiming at buisiness customers I believe it's better not to market it as a free giveaway.

To be honest I have never had that perception but maybe you're right an business customers think different

[levyashin]

may i ask if a tiny airdrop maybe, is not planned for the community? mostly airdrops are rising the awareness pretty fast, nowadays

After careful consideration of all pros and cons, it is not suitable for our type of project, therefore we decided not to proceed with it.

not having an airdrop is sure the better choice! people who "want" the coins by airdrop dont really want them

Not necessarily, there are people who simply want to get some coins to sell fast and there are others who can not afford to invest in many projects and want to have some coins because it seems a good project whose value is going to increase.

They are not even giving bounties and you are discussing airdrop. Not likely.