Nuco is a blockchain technology company that recently introduced a platform called Aion. Find out everything you need to know about Nuco and Aion today in our review.
What Is Nuco?
Nuco, found online at Nuco.io, is a Toronto-based blockchain technology company that recently launched a network called Aion. That network is described as “the world’s first 3rd-gen blockchain” and “the future of digital infrastructure.”
Like many other blockchain technologies, Aion claims to be scalable, private, secure, and interoperable. Here’s how Nuco.io describes it:
“The central challenges of blockchain’s mainstream adoption are scalability, privacy, and interoperability. Solving these challenges requires a fundamentally new way of blockchain thinking; no more disparate planets, but an interconnected universe.”
With that in mind, Nuco is actively developing their Aion platform as “a next gen network with the capabilities of federating, spoking and scaling.”
In layman’s terms, Nuco is creating a blockchain that’s designed to be interoperable from the ground-up: it’s designed to work with and communicate with other blockchains, which can vastly enhance the usefulness of blockchains as a whole.
Today, we have hundreds – even thousands – of separate blockchains, but they don’t typically “talk” to one another. Nuco plans to fix that.
Nuco is also known for being part of the Enterprise Ethereum Alliance, where it’s working with some of the blockchain industry’s biggest players to shape the domain’s emerging standards and implementations. Nuco’s Kernel (available in beta) delivers enterprise-grade private blockchain deployments that support the most demanding requirements across the EEA.
Nuco Kernel Features
Nuco currently has a beta version of its Kernel blockchain platform. The blockchain is production-ready, enterprise-grade, and comes with a complete ecosystem of tools and services to enable the next generation of blockchain functionality (including performance API, developer tools, and management software).
Nuco advertises all of the following features with its Kernel blockchain technology:
- Enterprise-grade security and performance through the BFT Kernel
- Massively scalable for large network deployments
- Meets Enterprise Ethereum Alliance guidelines
- Comes with development environment and administrative tools
- Offers a high bandwidth, low latency Java API
- You can apply for the beta through Nuco.io. Or, check out the platform running on a testnet online.
Nuco’s Aion Blockchain Network
Nuco’s Aion blockchain is described as the third-generation blockchain network. The company sees a central problem in the blockchain industry: there are hundreds of blockchain platforms, but these blockchains don’t talk to each other at all. “They are like the PCs of the 1980s”, explains the official Aion Network whitepaper.
In the future, the number of blockchains is expected to grow to thousands or millions of separate blockchains. We need a way for these blockchains to interact with each other.
“In the future, blockchains will federate data and value in a hub and spoke model similar to the internet,” explains Nuco CEO Matthew Spoke in the whitepaper.
With that in mind, Aion’s third generation blockchain network will allow public and private sector organizations to:
- Federate: A third generation blockchain like Aion will send data and value between any Aion-compliant blockchain and Ethereum.
- Scale: These blockchains will provide fast transaction processing and increased data capacity to all Aion blockchains.
- Spoke: Allows the creation of customized public or private blockchains while maintaining interoperability with other blockchains, but still allowing publishers to choose governance, consensus mechanisms, issuances, and participation.
The Aion Network is built around a public, third-generation blockchain called Aion-1. The Aion Network also relies around the use of tokens, which are used as the fuel to create new blockchains, monetize inter-chain bridges, and secure the overall network.
Nuco is led by CEO Matthew Spoke. In 2014, while working at Deloitte, Spoke “saw an opportunity emerging in the blockchain industry”: he noticed that there was not yet a standard for how established organizations and entrants would leverage blockchain systems to reinvent their industries – so Spoke decided to create that standard.
Nuco’s founding team came together to create Deloitte’s blockchain practice, Rubix. They launched Nuco in May 2016, “setting out to build a company that would shape the emerging standards of a hyper-growth industry”, explains the company’s About page.
Key members of the team include Matthew Spoke (CEO), Jin Tu (CTO), and Kesem Frank (COO). The company also lists Vitalik Buterin as an advisor, as well as Dennis Bennie, Tony Van Marken, Michael Tang, and Alex Tapscott. Plus, Nuco has received investments from the XDL Capital Group, Bessemer Venture Partners, and Plug And Play.
You can contact Nuco by email at [email protected] The company maintains an office in Toronto.
Nuco plans to pave the way for the future of blockchain technology. The Toronto-based company is creating the third generation of blockchain technology with its Aion Network. Aion Network blockchains will be interoperable from the ground up, which effectively means that blockchains will be able to talk to each other.
We have hundreds of blockchains in the world today. In the future, that number will grow to thousands and likely even millions. We need a way for blockchains to communicate with another – and Nuco plans to create that ecosystem.
You can learn more about Nuco today by visiting Nuco.io.