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We are proud to announce the launch of E-XBRL! This financial reporting solution marks the first real-world business application of the SophiaTX Blockchain.

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Yesterday, we officially announced the launch of our first product and first application of the SophiaTX Blockchain in business — E-XBRL. The solution is designed to simplify and automate financial reporting and operates in line with the recently introduced Companies Commission of Malaysia (SSM) requirement for all public and private companies to digitally file their annual financial statements via the Malaysian Business Reporting System (MBRS) platform.

Here’s what Choo Kok Weng, our APAC regional director, has to say about the platform: “While the transition from paper to MBRS marks a huge step forward, it largely remains a manual process that involves a considerable amount of time and manpower to complete, often shifting business priorities to meet the annual filing deadline. With E-XBRL, we aim to alleviate the administrative burden on businesses when reporting financial information by automating the process and limiting manual intervention, which in turn significantly improves the accuracy and integrity of data.” …


Everyone is talking about blockchain, but you are not sure where to start? You would like to learn why this technology is so revolutionary, and how you can use it in your company, but there are too many questionable blockchain trainings?

Good news: SophiaTX Academy is here!

We are proud to announce the official launch of SophiaTX Academy.

Now open to applications, our Academy is designed to introduce business and IT professionals with the benefits, implementation, and utilization of blockchain technology in business. …


With Cryptocurrency came a wholly new way to exchange information. Defying traditional centralized authority systems (such as banks or governments) for establishing trust between parties, most cryptocurrencies rely on making information stored by users unalterable through encryption. This simple, innovative, and safe way of conducting transactions is the reason why cryptocurrencies are boasting such popularity and promising future potential, making it a potentially fruitful way for investors looking to gain an early-access advantage to create profit. The technology behind this is called blockchain, and many companies worldwide are starting to recognize and utilize its immense potential in securely storing information.

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The Significance Blockchain in Modern-day

Due to its simplicity, blockchain can be applied in virtually any industry. …

About

SophiaTX

A blockchain platform and marketplace tailored for extending traditional applications like ERP, SCM, CRM, and many others with its robust collaboration.

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