SophiaTX and ArkTree Partner to Promote Blockchain in South Africa

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The Swiss-based blockchain company SophiaTX and the South African tech company ArkTree announced a partnership on Wednesday that they say will promote blockchain in South Africa.

According to the announcement, ArkTree will be SophiaTX’s sole reseller, bringing blockchain technology to its clients in the “enterprise resource planning” domain.

“The experience in enterprise-grade information systems combined with the ability to show clients how systems can be integrated with appropriate blockchain solutions to enhance the business value chain, offers these two companies solid foundation in their partnership decision,” said ArkTree Managing Director Sean Martin.

The announcement stated that ArkTree plays a leading role in the enterprise-grade blockchain arena in South Africa by offering niche and insightful blockchain consulting expertise to its partners and customers. It also offers a specialized management accounting template solution for customers, which takes profitability and cost management to the next-level when powered by the new in-memory technology, the announcement stated.

SophiaTX, for its part, is planning to release a multitude of use cases and applications in the upcoming months so that businesses can not only better understand the potential of blockchain, but also significantly shorten time to market.

“SophiaTX will bring a direct impact on the bottom line in a relatively short period of time for all businesses that seek better collaboration, exchange of information across industries, and an increase in competitiveness. SophiaTX is aimed at extending business applications such as SAP and also the integration of disruptive technologies such as IoT sensors, AI, Robotics and several others,” said SophiaTX CEO Jaroslav Kacina. “Our partnership will deliver scalable enterprise-grade blockchain solutions with service and performance required by businesses. Additionally, the solution offers appropriate levels of compliance – SophiaTX works jointly with the “big four” advisory and audit firms to achieve required security standards and ISO certifications.”

About Ken Silva

Ken Silva is a journalist who covers the financial services industry in the Cayman Islands and the British Virgin Islands.

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