Innovative blockchain protocol AERGO - project overview
Founded in Hong Kong, Aergo, the parent company of Blocko, is developing a new, enterprise-oriented blockchain protocol with advanced and easy-to-use tools for developers to work with decentralized applications. The toolkit aims to create the dApps ecosystem, technologies, and service providers that use robust cloud computing delivery models.
The AERGO project is of interest for several reasons:
• A talented team from Blocko, balanced in terms of technical knowledge and skills in business development
• The project is supported by the company Blocko, which cooperates with more than 20 companies that support more than 25 million users. Blocko will lead AERGO to its existing customers.
• There is a wide range of potential uses for AERGO in various industries, including financial services, manufacturing, distribution, insurance, healthcare, government and the Internet of Things.
• As a leading provider of blockchain services in the Korean market, AERGO will also attract the clientele of large companies using Coinstack, which will soon be able to use the public blockchain in the near future.
• The perspective of a platform that connects allowed networks and networks that do not require permission is relatively new and, combined with interoperability functionality, can significantly expand the use of technology beyond existing applications that are limited to autonomous networks.
Problems and challenges for the AERGO project:
• The project finds itself in tough competition with well-funded companies, strong teams and already developed infrastructure, in particular, Corda from R3 and Hyperledger from IBM.
• The corporate and associate members of IBM Hyperledger have risen to nearly 200.
• Corporate use of networks on tokens is still in its early stages
• A consensus DPoS mechanism that AERGO will use may sacrifice decentralization to ensure scalability.
Currently, AERGO is one of the most interesting projects of high quality and expectations in the ICO market.