The problems of existing systems and possible use cases of Aergo platform

In this post, I’ll try to share the information about possible use cases of Aergo and share some thoughts about potential Aergo’s clients after the Main Network, Hub and Marketplace completion in Q3 2019.

The role of Blocko and Coinstack

To start with, Aergo is the open source platform based on the Coinstack, developed by Blocko, one of the biggest blockchain-technology providers in Asia. Blocko is partnering with more than 23 enterprises around the world with 25 millions of users. There’re more than 60 employees in Blocko including 45 developers. Coinstack has been developed since 2014, the underlying technology is based on Ethereum Virtual Machine, Bitcoin technologies, and own developments.

Lessons learned by Blocko since 2014

While operating in the sphere since 2014, Blocko managed to understand some problems of enterprises, developers and IT-providers, which are trying to implement blockchain technologies. Enterprises are confronting with a difficult integration, management, and control of blockchain systems. Besides this problems, they faced the scalability and privacy issues along with difficulties with the interoperability of the old existing developments with blockchain.

IT-provides are facing the difficulties with implementing blockchain systems, they have limited access to the main blockchain-resource markets. But first and foremost they are troubling with the possible mining unprofitability.

Developers and Open Source community are focused on the value-development, using existing programming languages, collective development.

The problems of integration with the existing systems

For now, there’re several main problems obstructing the propagation of blockchain technologies around the world. Firstly, this is the development difficulties. Technology is new, changing fast and developers from other fields are facing troubles with the correct understanding of the blockchain. Secondary, there’re not a lot of specialists having enough experience and skills to develop the blockchain. This is connected with the novelty of the technology, described above, and with the high threshold of entry for new developers. They need to learn new programming languages and methods.

One more reason for problematic integration of blockchain applications is their immaturity. Sometimes dApps have a lot of “holes” in the code, and theories of development instead of practical methods. These issues are making blockchain project too promising, but without any practical use cases at the moment.

Aergo’s solution

To solve the problem of difficult development of dApps, Aergo made the significant attempt in providing the simplicity of development by implementing SQL-based smart contracts programming language called AERGOSQL. According to the statistics, more than 90% of developers in the world have the skills to write a code on SQL. So why do they have to learn untested Solidity?

One more Aergo’s solution is implementing the repositories for dApps development. Thanks to this feature, developers will be able to use Aergo Hub for distributed/collective development of dApps.

Using the Aergo platform in the “real world”

Phrase “real world” in the title wasn’t put there for no reason. At the moment, the majority of applications running on top of the blockchains are so-called “blockchain for blockchain”. In other words, these dApps are developing not to connect the blockchain with the real world.
Despite the early stage of the project development, Aergo is ready to become the platform for quite a big amount of applications. Moreover, these statements aren’t based on the theory, but on the real use cases of Coinstack.

The team of Aergo already told us about the successful development of e-voting systems, blockchain OTC-market for Korean Exchange, e-documents managing systems for Hyundai, auth applications for Samsung Card and a lot more.
Similarly, the platform could be the basement for supply chains, and all other types of dApps running on top of the other blockchains.