DECENT, a blockchain-based digital media distribution platform, has announced a new blockchain venture in collaboration with Venaco Group, a SAP advisory and innovation firm.
The new venture, Equidato Technologies, is based in Swiss Canton of Aargau. It aims to integrate blockchain systems with today’s enterprise applications like SAP, which has significant potential to advance blockchain technology and consequently enable the reshaping of business models and industry value chains on a global scale.
DECENT said that connectivity to SAP and other applications is a major factor that would drive the adoption of blockchain technology into businesses. 74% of the world’s transaction revenue reportedly touches SAP software, making it by far the world's most utilized software.
“Both Swiss companies are enthusiastic about the launch of this new venture and welcome the opportunity to work jointly on a very ambitious plan to bring blockchain to businesses of all sizes. The combination of our success in launching our proprietary blockchain and Venaco Group’s experience with complex business and SAP technology transformations, provides the right mixture of capabilities for success,” DECENT said.
DECENT started in early 2016 when it presented its prototype. This was followed by a successful ICO later in the year in which it raised 5,881 BTC (equivalent to $4,126,290.77 at that time). It officially launched its platform on 30 June 2017.
More recently, DECENT announced ATMChain – a new 3rd party application being developed on top of the DECENT Protocol.
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