AERGO Commercial use of blockchain technology began with the launching of Nakamoto's Bitcoin in 2008. Since then, the technology has grown tremendously in its adoption by industries, of various kinds, as an innovative means of improving products, services, and businesses. In fact, as our world witnesses more iterations of the digital revolution, blockchain has greater potentials, more than any other nascent technology, to become the building blocks of new-generation enterprise ecosystems.
AERGO is one of such next-generation enterprise blockchain protocols created to totally disrupt the way mainstream IT architectures are configured across industries. The new platform taps into the industry experience of Blocko, a major blockchain company with tested and proven enterprise solutions already in use by millions of clients around the world. Blocko enjoys business partnership with notable names like Cisco, SK Telecom, Hyundai-Kia Motors, Samsung SDS, Lotte Card, Microsoft Azure, IBM, etc.
However, many people have found themselves in a serious dilemma as to the viability of the project. They have read about AERGO key features and problem-solving potentials, but no one is talking about its strengths, weaknesses, and business opportunities as an investment vehicle. Well, I have made the effort to conduct a comprehensive investigation of AERGO and here is a SWOT analysis of the entire project.
Strengths
- One major strength of AERGO lies in its usage of time-tested technical solutions from Coinstack, the permissioned blockchain service provided by Blocko, its parent company. Just like Coinstack, AERGO offers trendsetting web-based blockchain enterprise solutions.
However, Coinstack is private and its nodes are self-contained in enterprise frameworks. In contrast, AERGO leverages on Cloud architecture, plus public and private blockchain frameworks to create a seamless interlink which combines the best of both worlds.
Again, AERGO can leverage on Blocko's vast clientele base and success before finding its own feet in the industry.
In addition, AERGO offers a well-designed suite of enterprise solutions and characteristic features with a view to resolving major challenges experienced on existing blockchain platforms.
Moreover, as seen on the Whitepaper, the project possesses a formidable team of developers ably led by Phil Zamani, the current COO of Blocko, with over 2 decades of experience in Big Data and Cloud-based software solutions. Some of the team members have vast experience in blockchain; some in IT ; and others in Big Business. The diverse business backgrounds will prove crucial for them to achieve the important milestones set out on the roadmap.
Weaknesses
- A major weakness observed with AERGO is the adoption of a deterministic DPoS consensus protocol which could inhibit the decentralization principle in the long run. However, the developers promised to look into this and probably introduce random functions into the consensus process to prevent centralization or monopoly in the future.
- Another concern with the project is the unavailability of a Minimum Viable Project (MVP) or GitHub as at today. I believe that this issue will be addressed as the project proceeds further, however.
Opportunities
AERGO enjoys numerous opportunities that make it such an enviable blockchain project.
- To start with, AERGO will operate in the high-value Function-As-A-Service (FAAS) Market. In the past few years, we have seen ever increasing demands for FAAS by businesses across the globe. This is because the server-less enterprise model helps firms to achieve higher operational efficiency by substantially reducing IT costs. Already, the market value has hit $3 billion this year and it is expected to reach $8 billion by 2025.
- Also, AERGO is a more flexible enterprise solution as an hybrid of private and public chains. Despite the massive development of private and public blockchains, only few enterprise solution suites are available as solutions to bridge the gap between those two contrasting systems. For combining the best of both chains, therefore, many opportunities abound for early movers like AERGO into this specialized tech area.
- Besides, to encourage users, AERGO supports an array of popular script languages that allow developers to code business into smart contracts and dApps using SQL, C++, Golang, Python, and JavaScript. The platform also adopts EVM to support smart contracts in order to achieve interoperability.
- More than anything else, AERGO incorporates never-seen-before features which could help businesses to resolve common shortcomings seen on blockchain enterprise platforms. Some of these offered solutions can be seen on the website and there is a diverse range of potential use-cases in multiple industries, such as healthcare, insurance, financial services, and IoT.
Threats
The major threat to the viability of the AERGO project is not so obscure.
Competition in this rapidly developing IT sector has been increasing. Industry giants like Amazon, Oracle, Microsoft, SAP, and IBM are already developing blockchain Cloud services for enterprise implementation. In a few more years, the sector may become saturated as we witnessed with Internet services in the last decade.
AERGO can easily beat threat, however, by continually upgrading with a robust R&D plan, and staying ahead of the race with more innovative IT solutions.
Verdict
As we can see, AERGO offers an amalgam of web-based private and public blockchain services in a single Cloud enterprise package. The project provides an array of solutions to finally convince businesses to embrace the blockchain revolution. In addition, AERGO already has a team in place (from Coinstack) with decades of aggregate industry experience and expertise needed to pull off such a major feat.
Overall, going by the listed attributes; I recommend a "speculative buy" on the AERGO project for wise investors reading this. I will continue to monitor new developments about the project and update the rating accordingly.
In the meantime, click on the website link provided below to learn more about the project's features and token metrics. Thanks.