AERGO Project in a nutshell
The project was founded in 2018 by a reputable blockchain company called Blocko Inc. a blockchain infrastructure provider that was started way back in 2014 and operates mainly in South Korea, and Hong Kong with headquarter being established at Hong Kong, Wanchai. It has about 50 skilled employees. AERGO is be taking advantage of Coinstack technology also known as permissioned blockchain solution technology that enables sharing of data to third parties more securely and efficiently.
AERGO could also refer to a 4th generation innovative blockchain protocol that will find solutions to limitations experienced by a business enterprise in previous blockchain versions. The platform is aiming to link both public and private blockchain with the business enterprise. The innovation will open a new blockchain era that will enable mass usage of blockchain by deploying, building and managing new blockchain Information technology services.
Why does AERGO Exist?
Since the innovation of blockchain in 2009 by anonymous developers, there have been various challenges to bridge the gaps such as security; speed and complexity within the protocol that makes it difficult for business enterprise use it. When the limitations was realized in most of the blockchain platform by Blocko inc. The necessity to develop an improved blockchain 4.0 version to address the weakness initially encountered becomes mandatory; some of the critical purpose of building the platform included:
- To create and establish an open source blockchain protocol that is “enterprise ready.” This means that developers and other business enterprises will be able easily to design, build as well as deploy any application on either private or public blockchain.
- To resolves the existing issues in IT integration, privacy, scalability, software development and interoperability in the current blockchain version.
- To provide useful features such as reactivity, SQL and isomorphic programming to extend the functionality of blockchain. This will be made possible by introducing three software stacks namely SQL, AERGO, and Meteor.
- To create an innovative platform that will facilitate developers in building and deploying decentralized applications (dApp) in the cloud thereby enhancing high transaction speed with the lowest cost
The strategy behind AERGO Project
The developers of AERGO protocol come up with an effective plan to do the project to thrive even in a highly technical environment. The project designed a hybrid product by incorporating state-of-the-art technology which can bridge both public and private blockchain. The project was built on three major elements that would enhance the functionality of AERGO, The three main pillars strategy includes:
AERGO Chain ; this is the public blockchain protocol which uses DPoS model infrastructure such as Ethereum Virtual Machine (EVM), SQL technology and for mass adoption to achieve functionality in a broader scope.
AERGO Hub; this is an interface concerned with developing an interface which connects decentralized Applications to the chain. The dApp are stored in the hub consisting of both public and private repositories which host software program codes.
AERGO Marketplace; It is like a shop where all software and computing blockchain services can be accessed. Also, it can be referred to a place where vendors get connected to end users.
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