Aergo Token: How AERGO’s Chain, Hub & Marketplace Work?

AERGO is an exciting new enterprise-ready platform that will enable developers and large enterprises to create custom blockchain apps in the cloud. The platform allows developers to efficiently build their blockchain decentralized apps on permission-less or permissioned chains as well as a host of other configuration options. The middleware layer in this platform is also full of innovative features that help in simplifying connection to all legacy enterprise apps.

The Aergo Value Proposition

The vision for AERGO is increasing blockchain usage across the mass market by merging the abilities of both private and public blockchain in a unified solution. This platform provides flexibility to developers as they design various decentralized apps for various kinds of use case scenarios. Here are some of the key features that the AERGO platform will offer:

  • An accessible, yet advanced platform for app developers
  • A fast and secure cloud network that supports private and public blockchains
  • An independent, open ecosystem where business and third parties can connect and conduct business with one another

Blocko, the parent company behind AERGO, designed this new blockchain cloud platform with the aim of addressing the challenges that are preventing complete blockchain utilization by businesses. Some of these challenges include issues with software development, interoperability and IT integration.

AERGO proposes the use of smart contracts that support the common script languages and SQL to make both integration and adoption easier. Additionally, the system will help to reduce overhead costs associated with physical infrastructure since everything will be cloud hosted on a secure distributed network.

How Aergo's Chain, Hub & Marketplace Works

Here are the three key components of this platform:

  • AERGO Chain – This is a DPoS blockchain protocol that is designed to solve the issues that prevent enterprise implementation of decentralized networks.
  • AERGO Hub – This is a secure blockchain hosting interface that includes several tools like serverless DB and smart oracle for creating and deploying of dApps.
  • AERGO Marketplace – The marketplace section will support trading of P2P computing assets like storage, algorithms and computing power.

The medium for making any transactions on this platform will be the AERGO token. It will be used for creating smart contracts and also for paying for various services like technical support, AERGO Hub services and also for trading assets within the marketplace.

The Aergo Team

The team members behind this AERGO ICO are largely from Blocko, the parent company. This team includes ten tech engineers and an additional five team members dealing with marketing and business development. Some of the notable team members include Phil Zamani, Hun Young Park, Roderik van der Graaf and Jane Lee among many others. The team is led by experts who have extensive experience developing cloud-based technologies and also several advisors providing professional support.

Aergo ICO Opportunities

AERGO is largely derived from Coinstack, which is a blockchain service provided by Blocko. This fundamental technology is already being used by over 40 enterprises that have partnered with Blocko, including Lotte Card, Korea Exchange and Hyundai Motors. The Coinstack framework is a completely private blockchain network whereby apps and node providers are contained within each enterprise organization.

AERGO will, therefore, leverage the cloud platform and both private and public blockchain networks to create a unified system that delivers the best services of all these combined technologies.

Since real-world clients will need to exchange data and assets, AERGO offers a secure platform for all proprietary data on its permissioned network. The system will also support convenient trading of tokenized information with service providers and third parties through a public blockchain. The fact that Coinstack has already been implemented by several enterprise clients gives Blocko great confidence that AERGO can take that success to the next level.

To encourage software development on AERGO, the ecosystem will include a virtual machine that supports all the major programming languages. This virtual machine will enable programmers to seamlessly code enterprise logic into decentralized apps and smart contracts using SQL, Golang, Python, C++ and JavaScript. Additionally, to maximize interoperability with different enterprises, AERGO will also support Ethereum based smart contracts.

Aergo ICO Competition

The enterprise space is becoming very competitive with leading tech firms like IBM, SAP and Microsoft already developing blockchain products geared towards enterprise implementation. However, at these early stages, the potential of an ecosystem like AERGO that provides better interoperability could still have a great role to play. Additionally, AERGO will also benefit from Blocko’s existing presence within the Korean sector, which includes current clients of top companies that are using the private Coinstack service.

Aergo Final Verdict

AERGO is offering a blockchain platform that unifies the best benefits of public and private chains in a single package. The various features like interoperability, easy integration and a range of enterprise services and tools will make this platform a leading solution for large-scale blockchain services.

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