In the years to come, it will be a key challenge for businesses to implement blockchain to their business model. These last few years, rising interest about this technology resulted in many innovations and implementations of public and permissionless blockchains, such as Bitcoin, Ethereum and many more. Permissionless blockchains have a lot of qualities, but present several difficulties when it comes to a private company designing a blockchain architecture. For different reasons, these companies always need some degree of control and privacy on their blockchain framework, hence the need for private and permissioned blockchains. But developing this private framework implies big developments costs, technical challenges, risk and uncertainty about the results. To foster this adoption, make the implementation easier, and provide a better quality solution, Aergo provides a 4th generation “enterprise ready” blockchain protocol combined with an IT platform using advanced technologies.

What is Aergo?

This is a platform that was made with the sole aim of changing the face of the blockchain technology as well as its architectureml. This decentralized platform aims to change the public and private blockchain and allow it to have support for the modem cloud architecture. With Aergo, there will be support for the open source developers to utilize, prepare and as well as develop the major features of the current blockchain network.
The Aergo was made possible by the Blocko who are a major and rising blockchain and IT enterprise integration services company and are based in the UK Hong Kong, and South Korea. The timing of aergo coming into the blockchain was the best as it analyse all the issues and came up with its solutions.

1 - The company backing Aergo

Aergo is backed by Blocko, a leading blockchain solution provider in Korea, working with prestigious customers such as IBM, Microsoft, AWS, Samsung, Cisco, Hyundai, etc… Technically speaking, Aergo will implement Coinstack, a private blockchain solution designed by Blocko already deployed to 25 million users around the world.

2 - Technical framework

Aergo is built around 3 main components: Aergo Chain, Aergo Hub and Aergo Marketplace.
Aergo Chain is a blockchain protocol using DPOS, consisting in a public network of blockchains, operable with a large variety of smart contracts and featuring SQL language which will allow large adoption among developers.

3 - Token use

AERGO tokens will be used to run the smart contracts on Aergo Chain, as the reward of the DPOS consensus, and as a payment method for the different assets and services of Aergo Marketplace.

4 - Adoption perspectives

Being supported by Blocko will help to foster adoption of the protocol among companies. Blocko will push Aergo protocol to its existing clients, and their current framework, Coinstack, is already used by more than 40 companies. Aergo solves a true problem of the space which is the difficulty to implement hybrid solutions and interoperability between private and public chains, leveraging its synergies with Coinstack.

Moreover, Aergo was built taking into account the needs of companies when it comes to implementing blockchain and should be “enterprise ready” and easy to implement for developers. Since Coinstack was already a successful solution for clients, the team seems to be able to execute their vision with Aergo.

The AERGO Team

This Aergo project is manned by the best and most skilled team in numerous fields of technology as well as the blockchain technology. One of the core strengths of the team is their knowledge about the current blockchain network as well as its adaptability and infrastructures and how to implement it in a lot of use cases. So with all this, the aergo project has built a lot of credibility as well as reliability as they accomplish this great project.
In an effort to make this project a reality, the aergo project team had to engage in numerous partnerships and affiliations so as to have a much more solid background and the partners include FOBOG CAPITAL,GBIC, Lemniscap, Dekript Capital, BA Capital, JRR Crypto, Block Crafters Capital, Chainfund, Blockchain among others

Conclusion

The coming of this great open source project will allow for the further development of the blockchain technology beyond what we have now and it will go a long way in the tackling of numerous problems that plague the current blockchain network.

For more information on the Aergo Platform, please visit

Website: https://www.aergo.io
Telegram: https://t.me/aergoofficial
Medium: https://medium.com/aergo
Twitter: https://twitter.com/AERGO_IO?lang=en
Github: https://github.com/aergoio
Paper: https://www.aergo.io/paper/
LinkedIn: https://www.linkedin.com/company/teamaergo/
Technical WhitePaper: https://paper.aergo.io/AERGO_Chain_Technical_Whitepaper_V1.0.pdf
Business WhitePaper: https://paper.aergo.io/AERGO_Whitepaper_v5.2.pdf
Bitcointalk: https://bitcointalk.org/index.php?topic=5029771.0