|Mkt.Cap||$ 20.33 M||Volume 24H||2.85 M AERGO|
|Market share||0%||Total Supply||500 M AERGO|
|Proof type||N/A||Open||$ 0.04|
|Low||$ 0.04||High||$ 0.04|
AERGO aims to advance enterprise blockchain by enabling autonomous business and intends to open up a new era of mass market usage of blockchain. AERGO introducedtransaction and block-level parallel processingin the event. Parallel processing can increase efficiency and reduce time when it comes to creating and sharing new blocks. However, the common problem associated with parallel processing is that it does not guarantee the fair processing order of transactions.
Blocko is a company that provides customized blockchain solutions for businesses. It really is the leader in this field, and is already working with some of the major Korean companies in fields across IT, Telecommunications, Banking, Finance, Solutions etc. Some notable companies includeSamsung SDS, POSCO ICT, Hyundai, LOTTE CARD, ollehKT, LG CNSetc.
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The token is also used as a unit of account in the ecosystem of the AERGO.
AERGO is a 4th generation “enterprise ready” blockchain protocol combined with a state of the art development platform. It aims to foster a comprehensive eco-system of complementary dApps, technologies and service providers that leverage secure cloud delivery models.
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AERGO is mainly divided intoAERGO Chain, AERGO Hub, andAERGO Marketplace. TheAERGO Chainis a blockchain designed to overcome the issues with public blockchains. TheAERGO Hubconnects the public and private blockchains. TheAERGO Marketplaceis simply a marketplace for the exchange of software, computing resources, storage and other services.
Therefore, there is a developer language barrier that is stopping talented developers from entering the blockchain industry. AERGO states that it has created a developer framework such as the SQL for a developer friendly environment. SQL is the language standard computer language for database management and data manipulation. According to AERGO, it has introduced SQL because most developers have experience in managing database, and believes this knowledge can be used when developing blockchain. When it comes to blockchain, people usually think ofsecurity,transparency, andtrust.
- The architecture is divided into thepresentation layer, business layer,anddata access layer.
- If AERGO can make its platform easier for developers and businesses to adopt, it definitely has a potential to grow as the top blockchain solutions provider in Korea.
- In turn, Aergo Marketplace is an open market between those who provide computing and technical resources and those who need them in the application development process.
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The product is mobile so can be moved from wheelchair to dining room or sitting chair to accommodate its user. Innovative posture support business Aergo raises funds to pilot product and expand team with the help of ClearlySo.
There is more and more news that existing companies like Microsoft and Oracle are stepping into the field of blockchain for enterprises. AERGO has to find a differentiating point on its platform as more and more tech giants will be stepping into the field. I guess I will have to see how AERGO does in the near future. The AERGO Hub is like a playground for developers because everything on the hub isopen-source. Usually in a architecture that is not“serverless”, the web applications are conducted like below.
Yes for businesses in whichfinancial dataandlegal responsibilitiesare involved, it was not so attractive to have all their sensitive data scrutinized by the public (Hence the formation of private consortium likeR3CEV). At the same time there weren’t applications/programs suitable for corporate-wide use. The situation, overall, was that there was a demand for blockchain, but not an acceptable level of supply.
Based on these advantages, there has been many attempts from various industries such as manufacture, distribution, insurance, medical care, government, IoT etc to adopt blockchain in their business models and enjoy the advantages. The encryption of data & assets as well as the decentralized/P2P network was definitely attractive to many companies attempting a change from the centralized methods of doing business. Speaking about the “highlight” of Aergo, one cannot fail to mention that, in fact, it fulfills the main goal — reducing the barrier so entry of enterprises into the sphere. Such an element of the project are SQL-programmed smart contracts. This means that now it will not be necessary for the business to hire Solidity specialists, contracts can be developed in a language that is already familiar to us.
Aergo Project Description
AergoRPCService is the main RPC service providing endpoints to interact with the node and blockchain. The Aergo network was developed in the third quarter of 2018, and by the end of this year we will be able to participate in the testing of the test network.
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By having this architecture, the AERGO Hub canreduce setup/operation costs, provide quick scalability, andsave time spent on IT resource management. Public blockchains likeBitcoinandEthereumdefinitely have their pros.
To address this, AERGO has introduced theDependency Analysis and DTT(Deterministic Transaction Tree).Unfortunately AERGO says more details on the following two will be announced on its upcoming white paper. Basically, AERGO analyzes the dependecy of a transaction and a certain block to determine the order of events and creating a data structure. Many IT developers are capable of learning the technologies associated with blockchain. Because the majority of Korean developers useJava, so they are not so familiar withSolidity.