AERGO: Building a Future-proof Blockchain for Enterprise Solutions

geminibaby (34)in #ico • 6 years ago (edited)

When blockchain was invented back in 2009, many people did ignored it, but as more and more enthusiasts started coming to the fold, it's interest grew, developers and experts started looking out for ways distributed tech could be applied to our day to day activities , the result was unanimous. The security aspect and transparent level was what defined blockchain. The mere fact that a digital ledger of transactions can be programmed to record not just financial transactions but virtually everything of value, is indeed a marvel to reckon. But even with high development that is witnessed is the crypto world of today, Blockchain still faces challenges that drags and hinders it's development, thus making it not to achieve the basis in which they work towards attaining. These problems could be;

• Scalability

• Inadequate performance

• Security issues

• Difficulty in IT Integration and Software Development

• High cost of running a business

• Privacy issues

• High volatility in transaction fee.

AERGO a project known to be the future proof of blockchain enterprise, aims to solve all these by combining both public and private blockchain supported by modern cloud architectures and innovation of public chain.

Aergo being the 4th generation of blockchain enterprise will solve most of the limitations of blockchain because the team plans to incorporate features that are very innovative and are of high technology .

Some of these features include

Aergo SQL
Integration of Multiple poc's-
majority of us knows that Proof of concepts[POC] is what centers a project/coin, theses days projects out there, and those being developed mainly uses single and simple poc but which is insufficient for enhanced operation. Aergo will integrate multiple poc's for its operations, so as for it to accommodate big enterprises.
Aergo Sidechain
Determinative DPOS - This will allow token holders vote to elect delegates who will validate blocks for them. If perhaps delegates do not meet up with requirements they are voted out and replaced. DPOS possesses both economic incentives and social consensus.

AERGO platform will also implement an information technology platform that is incorporated with High technology so as to enable users design, deploy and use their blockchain, users will have the option of choosing how to run their blockchain applications based on their business.

AERGO has a key partner, Blocko Inc which is a leading blockchain technology and enterprise IT integration-services company with operations in the UK, South Korea, Aergo will build on it thus making Blocko to contribute some of its existing products and services as well as technical know-how to the AERGO platform.

AERGO’s vision is to develop an enterprise blockchain by solving the difficulty of existing public Blockchain where there is less control of IT establishment, which poses setbacks for businesses to operate on it. Aergo will provide a secure, safe and scalable blockchain cloud for businesses and also having the ability to perform up to 1 million transaction per second (1M TPS).

As earlier stated on my previous article about aergo, it has three components ,

Link-https://steemit.com/ico/@geminibaby/aergo-the-4th-generation-enterprise-blockchain-protocol-combined-with-an-it-platform-that-has-advanced-technology

You can quickly read up on it, so as not to get confused.

    AERGO TOKEN

AERGO platform is made easy by the introduction of of "AERGO Token", Its a utility token and will be used as a medium of payment on the AERGO ecosystem such that payment for services on the AERGO marketplace and Aergo hub will be done with the token.
The total supply is shown on the image below

   ROADMAP

CONCLUSIVE  THOUGHT

Blockchain technology needs to improve on its setbacks, project such as Aergo will bring out the benefits associated with blockchain and it's goals in the world at large, because blockchain securities and technology will be enhanced and upgraded thus bringing new adopters to the block chain ecosystem. The revolution of centralized network to highly decentralized or serverless architecture have begun with Aergo.
Businesses can now decide on how to do with their own data without a third party arbitrator, the serverless architecture will provide the ability to use multiple business application thus reducing operational cost, managing and handling IT resources in an easy manner.

The success of any project is measured by its ability to solve problems, Aergo is indeed a revolutionary project. I strongly recommend everyone to read through the whitepaper, the words are boldly written and easy to comprehend, even for the not so tech-savvy .

For more information refer to the links below.