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Press releases

Product Designers and OEMs heavily depend on manufacturing in China, SophiaTX blockchain provides desired trust and transparency

Bitcoinist

Bitcoinist | Oct 16, 2018 | 12:00

Press releases

Product Designers and OEMs heavily depend on manufacturing in China, SophiaTX blockchain provides desired trust and transparency

Bitcoinist

Bitcoinist | Oct 16, 2018 | 12:00


Chengdu, 15 October 2018SophiaTX establishes presence in Chengdu, one of the fastest-growing cities in China.

China has a dominant place in global manufacturing and trade with many well-known products and entire brands being produced in the country. Such a significant role comes with issues around transparency and trust within the supply chain along with challenges in brand protection. SophiaTX has developed a number of blockchain-based solutions for companies, bringing desired trust and transparency into complex international relationships and efficiencies into supply chains.

To provide professional blockchain services to businesses with strong international or pro-export focus, the SophiaTX team has established a location in the fifth largest city in China, Chengdu. Chengdu has the ambition and government support to be the new financial center within the next couple of years.

“For export-oriented companies, among many other features, the platform provides originality tracking of manufactured goods. Once the manufactured goods enter the supply chain and cross the border, our blockchain provides the required proof of origin and subsequent history as required by the brand owners or even by the customer itself,” explains Jaroslav Kacina, CEO of Equidato Technologies, the company that developed SophiaTX.

The offering of professional services will also be extended to local companies with strong needs for improved collaboration and information exchange. For example, the construction and project engineering industry can drive significant productivity increases and cost savings by blockchain-enabled coordination of all parties involved in complex projects.

Chengwu Li, who leads SophiaTX in China, further explains: “We are very pleased to be able to bring this unique and innovative capability to China. The importance of establishing a presence here is to connect local businesses and manufacturers with their customer base and importers of products abroad. China has a dominant place in global manufacturing with certain challenges which can be addressed by our enterprise blockchain technology.”

With its enterprise capabilities, SophiaTX can provide next generation digital collaboration with a focus on efficiency, transparency, and trust required for future supply chains. Currently the plan for our Chengdu location is to build local awareness and relationships, while customer projects are planned in 2019.

About SophiaTX

SophiaTX is a blockchain platform and marketplace tailored for extending traditional applications like ERP, SCM, CRM, and many others with its robust collaborative and decentralized blockchain capabilities. It is based on a high-speed, secure, and business suitable blockchain protocol and contains open integration API’s to SAP, smart devices, IoT, and other leading enterprise applications. For more information, please visit www.sophiatx.com.

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