How can Aergo impact the real world

With a robust platform that can efficiently support enterprise solutions dApp’s, the following enterprises will see vast improvement through AERGO’s platform: Aergo is trying to build a 4th generation blockchain that could potentially solve the abovementioned blockchain trilemma. Building a 4th generation blockchain will take a lot of time for developers. The benefit of AERGO is that they have already built a 3rd generation blockchain product in their parent company, Blocko’s subsidiary COINSTACK.

Supply Chain Management ~ Buyers often receive sparse information after ordering their products. Sometimes even the intermediaries are unsure of the status after they’ve organized for the delivery of a product. Blockchain, through dApp’s and the internet of things, can revolutionize the supply chain industry.

Tracking products became more comfortable with blockchain and done in real-time. This is executed through various devices under the internet of things relaying their signals to the AERGO blockchain ecosystem.Supply chain management is such an expansive sector, the application uses are massive | Quality control can also be improved upon by setting-up various checkpoints that relay data as collected. This reduces the chances of manipulation of data hence the correct goods get delivered at the right state to the correct buyer.Smart contracts can be used to provide efficient and trustworthy payment methods such that goods and payments are released once all the parameters for the deal have been met.
Banking 💲
~If there is an industry that needs the intervention of blockchain, it has to be the banking industry. Fraud is often rampant in this industry, leaving clients frustrated and disappointed. Their adoption of AERGO based dApp’s would change their operations and subsequently improve the efficiency and security in the banking sector.An immediate outcome of blockchain adoption is reduced transaction fees.
The use of cryptocurrency during transfers would significantly reduce transaction fees for their clients as moving cryptocurrency is far much cheaper than fiat.People will join banking institutions due to the increased security afforded by blockchain technology. All banking records are kept hence it will help support the prevention of fraud and money laundering in banks.
Payment solutions are also likely to be more straightforward.National banks and other large banking corporations could invest in having their own specialized dApp’s made by developers to solve their internal problems to smoothen operations within these institutions. This is achieved over a private chain.AERGO provides this option on their platform.
Identification
~ Identity theft is a crisis plaguing the internet. Many people are losing their property and assets online through this type of fraud. It even extends to the real world as impersonators make deals in the guise of others.Countries like India, where the use of technology is expansive, suffer a lot from identity theft through hackers who use data from government databases to access certain privileges.

DApp’s can thrive in such a system by rooting out such problems. The government can have their own identity dApp’s containing public data in a decentralized fashion such that hacks will be irrelevant since the data is already in a public ledger.

AERGO can support the Indian population, currently over 1 billion, with a good percentage of that being registered citizens. Governments around the world can use AERGO as a stepping stone to deliver services efficiently, securely and accurately through proper identification of its citizens.Exercises such as voting can also benefit from AERGO’s platform. DApp’s specialized for elections can be built in collaboration with governments such that elections results remain as free and fair as possible and to prevent hacking, double voting, and any election malpractice.
Food Safety
~Various enterprises are involved in the food industry. These enterprises may be the key to ensuring food safety. Food-related outbreaks can easily result from a bad batch of products and spread rapidly and extensively.With blockchain implementation, similar techniques used in supply chain management can be used to ensure the quality of products and to trace contamination sources.AERGO can easily handle dApp’s created for crisis aversion.
Digital Rights Protection
~Good progress has been made on protecting intellectual property. However, further, improvement can take place via blockchain technology. DApp’s can be created where users can register their details, intellectual property and proof, indicating that it was their original idea.These dApp’s can work closely with relevant bodies ensuring that royalties are submitted to innovators. Transferring of intellectual rights also becomes simpler with such a set-up.

Intellectual property can easily be shared worldwide through such a platform. Because of its developer-friendly approach, AERGO is arguably the most suitable platform to host such dApp’s.

These are just examples of the many areas that can be influenced by the right application of blockchains based on AERGO. From the examples provided, AERGO can be used as the foundation to revolutionize some industries. Its architectural and technical features are specialized for enterprise services, and this focus on one particular field will lead to significant benefits for businesses that choose to implement AERGO’s technology.