SophiaTX blockchain adopted by personal data analytics platform for data transparency and micro-transactions

Biotron.io, a personal data analytics platform which provides businesses with detailed user information, has announced it will adopt the SophiaTX blockchain to allow data transparency and to support the analytics it provides to customers. In addition, the blockchain will also leverage micro-transactions to compensate data owners, who are able to decide what kind of personal data is harvested and subsequently receive revenue from each sale.

The Biotron adoption is the latest to stem from SophiaTX’s commitment to actively offer its blockchain and services to new businesses where blockchain will be critical to success. Concurrently, the company is also driving blockchain adoption in businesses of all sizes, such as the recently announced collaboration with EY (Ernst and Young). Jointly, the two companies are developing a blockchain-based automotive supply chain management support solution, and a working system was presented to the automotive industry at the Newmatec 2018 conference this week.

 In addition, the SophiaTX team is working to support blockchain integration within the SME sector, and currently developing a set of products such as ERP, Point of Sales and IoT integrations which will directly embed its blockchain into small and medium sized business operations.

Commenting on this approach, SophiaTX CEO Jaroslav Kacina explained: “Choosing this strategy provides us with well balanced mix of clients and types of business to support widespread use of the platform and most importantly holistic adoption across industries. Blockchain has a potential to redefine industries and its respective value chains and thus it is crucial to onboard all industry and cross industry players.”

The current momentum for large companies to announce blockchain projects will likely result in years of development before a system comes to fruition. Conversely, small to mid-size businesses are significantly more agile and motivated to adopt blockchain while multiple emerging projects have blockchain as a key factor of their success.

The varied adoption of the SophiaTX platform indicates that a growing number of businesses are recognising the benefits of incorporating a fully serviced platform over building their own system, and each new partnership demonstrates the nature of blockchain as an inherent business feature rather than a complex technology.

About SophiaTX:

SophiaTX is a blockchain platform and marketplace tailored for extending traditional applications like ERP, CRM and many others with robust collaborative and decentralized blockchain capabilities. It is Open Source and contains integration APIs to SAP and other enterprise applications.

About Biotron.io:

Biotron.io is a personal data analytics platform on blockchain. It provides organisations with business intelligence products that are created using highly-validated user data. Benefiting from blockchain transparency it provides the most accurate user analytics, helping organisations make timely and correct decisions.

The post SophiaTX blockchain adopted by personal data analytics platform for data transparency and micro-transactions appeared first on Bitcoin Garden.

Komentar

Posting Komentar

Postingan populer dari blog ini

Transformation of education in post-industrial society

Gambar
Education has always been an expensive privilege; and the education sector has always been one of the most conservative. People chose profession once in their life and did not change it until retirement. Usually education meant studying at a university; self-taught people were rare. However, in the post-industrial society changes in the shape, sense and affordability of education finally began. According to Alvin Toffler, a well-known US sociologist, the emergence of the post-industrial society is a consequence of the intellectual revolution. The possession of knowledge and information will replace financial capital as the biggest value. Development of innovations, empowered by the most educated, will become the most important sector of economy. It means that high-quality affordable education will become even more important than now. The last time when the global education experienced a serious transformation was at the very beginning of the 21st century when the wide access to the I
Baca selengkapnya

Blockchain Supply Chain Forum will be held on January 10th in Hong Kong

Gambar
The concept of a blockchain – a distributed, tamper-proof and time-stamped database of transactions that can be managed without intermediaries – is highly attractive in the supply chain domain, and the industry has launched a number of proof-of-concept initiatives. However, awareness of how blockchains work and what they can accomplish for supply chain is still relatively low. The lack of knowledge is exacerbated by the fast pace at which the technology is evolving. A success Blockchain Supply Chain Forum was held on October 24th in Shanghai, professional blockchain organizer EventLinker and Global Supply Chain Council will organize the Blockchain Supply Chain Forum on January 10th in Hong Kong, it is the forum connecting blockchain experts, supply chain and logistics decision makers and tech innovators. This intimate gathering will explore how companies are investigating the use and deployment of the technology to help their supply chains in China. Organizer: EventLinker EventLin
Baca selengkapnya

After GDPR effect? In A Post Cookie World, Blockchain Is Rising

Gambar
The European General Data Protection Regulation (GDPR) was rolled out in May this year. It introduced far-reaching implications for companies which process personal data related to EU citizens. Even those far outside the EU could not fail to notice this change. Email inboxes were overflowing with opt-out reminders. Cookie banners now obscure many websites, forcing users to agree to a privacy policy so that they can browse the content on the site. Although the GDPR document itself clocks in at 88 pages, the majority of what it covers can be summed up in one word — consent. If companies are processing personal data, it must be done with the explicit, informed consent of the individual. For some forms of marketing, such as email subscriber lists, this involved minimal changes. Individuals already have to take the active step of providing their email addresses, and usually it is pretty clear why they are asked to do so. However, for the digital advertising industry, consent is far less
Baca selengkapnya