Blockchain platform Sophia TX joins Hyperledger, an open source collaborative effort made up of 231 organisations and will now work to advance blockchain across several different industries. Hyperledger, hosted by the Linux Foundation, is an open source group made up of tech, finance, banking and manufacturing professionals who aim to improve blockchain technologies in different fields. SophiaTX is a blockchain platform and marketplace currently on a mission to drive blockchain adoption in businesses of all sizes. Being a part of Hyperledger will only increase their reach across different fields.
Joining the likes of Ripple, KompiTech, Tradeshift, AlphaPoint, BBVA, Blockchain, PWC, Sberbank, SecureKey, and Wipro, SophiaTX helps reshape business models by utilizing the blockchain. SophiaTX will not only contribute its blockchain solutions to the group, but also build new relationships with industry leaders and keep them in the loop with the latest blockchain developments. SophiaTX will be able to leverage its project’s global reach, collaborate with others on the platform and prove the effectiveness of using blockchain in big and small companies alike.
Jaroslav Kacina, CEO of Sophia TX says, “It is incredibly exciting to have joined this consortium. Being part of Hyperledger gives us the opportunity to work with other leaders in our field, and together move blockchain technology into the mainstream. Hyperledger has already proven itself as a vital player in promoting blockchain across a number of industries; we look forward to showing the group what SophiaTX has to offer.”
The move is important as several companies across different industries, including gaming, banking, and healthcare have now moved to Hyperledger. This proves that blockchain technology is no longer an esoteric term but something that can transform the way several industries work.