AERGO: The Blockchain for Business

AERGO is an open source platform developed by Blocko Inc., a leading South Korean enterprise blockchain company backed by Samsung. To date Blocko has deployed 38 enterprise blockchain solutions in South Korea for companies like Samsung, Cisco, Hyundai Motors, Gyeonggi-do province and more. Aergo is a hybrid (private and public) blockchain project that focuses on enterprise solutions.

Sources: https://coinmarketcap.com/currencies/aergo/

Technical Roadmap:

Sources: https://medium.com/aergo/aergo-tech-roadmap-update-2020-5a575cd349ad

Supply:

Circulation: 52.8% (264,019,890)

Circulation by the end of 2020: 62.9% (314,897,015)

Total/ Maximum Supply: 500,000,000 AERGO

Staking Rewards: 8–10% per annum

Total Staked: 17% of circulation (52,577,885 AERGO)

Exchanges:

· Binance: BTC & BUSD pair

· Upbit: BTC & KRW pair

· Kucoin: BTC & ETH pair

· Bitmax: BTC & USDT pair

· Korbit: KRW pair

· OkEx: BTC & USDT pair

· MXC: ETH & USDT pair

· Hitbtc, Oasis, Binance DEX, Hotbit, Gopax, Bilaxy, Idex, GDAC

An Enterprise Blockchain Platform Optimized For Hybrid Deployments. (Source: Binance Research Report)

• Aergo Chain is an open-source hybrid blockchain protocol that combines aspects of public (trustless/decentralized) and private (performance/control) blockchains to cater towards enterprise and government level use-cases.
• The Aergo Platform provides a set of infrastructure components for enterprises and developers to host blockchain applications based on the Aergo Chain. Aergo offers a smart-contract engine supporting Lua and SQL, as well as various features, such as distributed version and concurrency control.
• Private blockchains on the Aergo platform run on a Leader-based Proof-of-Authority (PoA) consensus mechanism powered RAFT algorithm, while the public blockchain network, the Aergo mainnet, runs on a Byzantine Fault-Tolerant Delegated Proof-of-Stake (BFT DPoS) mechanism.
• To vote and manage block producers, AERGO tokens need to be acquired and staked. Users may decide to pay cloud providers to host their private blockchains on dedicated nodes, instead of hosting them themselves. Enterprise clients may access additional third-party services via AERGO.

Aergo Featured Solutions:

Sources: Identity Authentication Payment Settlement Secure E-Voting Internet of Things Document Management

Project Backers:

https://www.aergo.io/about#project-backers

Sequoia Capital China, Rockaway Blockchain, Columbus Capital, GBIC, FBG Capital, Struck Capital Crypto 21M Capital Bit Trade Dekrypt Capital Arrington XRP Capital NEO Global Capital Noris Block Crafters Capital JRR Crypto Skytale Capital Dfund BlockVC Connect Capital Coefficient Ventures Digistrats LinkVC QCP Capital ZMT Capital Node Capital

Aergo Partnerships/ Integrations:

Sources: Aergo partnerships with branches of the South Korean government

Sources: Partnerships in the MENA-region

Sources: Hyundai AutoEver partnership & SEED Group Partnership

Sources: IRTI Partnership & Kakaotalk integration

Sources: Samsung Blockchain Wallet integration & Ledger Wallet integration

Aergo Token Utility:

Sources: https://medium.com/@SatoshiPay/satoshipay-raises-1m-in-new-funding-round-48e1c7b99b06 https://medium.com/aergo/aergo-network-voting-reward-28212d568fc9

Showcase/ Events attended:

Sources: GITEX, Dubai & Deconomy 2019

Sources: World Blockchain Summit & Samsung Developer Conference 2019

Sources: Blockchain Expo & Gartner IT Symposium Xpo

Sources: Aergo Network Participants Day , KNect 365’s Telco Blockchain Forum & GDS Tech Insight Summit

Sources: Smart City event & Aergo and Blocko teams together in Seoul, South Korea

Aergo & Blocko Relationship:

Blocko is a five-year-old privately held company based in Seoul, South Korea. It has major investors and shareholders (such as Samsung Ventures and Intervest). Its focus is on delivering enterprise-grade and production ready blockchain solutions for large firms, local government and other commercial entities. It has over 25 major clients and has delivered over 35 successful blockchain projects. It is a major stakeholder in Aergo as it (i) develops (under contract) the core technology; (ii) is one of the 23 block producers (and is also assisting Aergo with the associated block producer incubation program); and finally (iii) based on our latest strategic multi-year agreement, Blocko will also now provide sales and business development support to the project.

Aergo is based in Hong Kong and is a separate organization. It is also funded separately (with major industry investors such as Sequoia Capital China). Aergo is focused on building a new innovative blockchain solution. It combines four key elements: (a) A high-performance, secure and scalable hybrid public and private blockchain platform; (b) A new server less computing (cloud) orchestration and deployment framework; © An advanced yet easy-to-use programming and IT integration/deployment model for developers and finally (d) It is built from the ground up as a new clean-room open source project. Aergo is not-for-profit and has strict governance and operating guidelines. It has been formed to operate as a foundation to ensure it remains an open platform for anyone to use freely. The Aergo token is a utility token that is required for extra value-adding services that run on top of the core (free and open source) platform.

Aergo aims to become a global platform for businesses, integrators and developers — much like Linux has become for IT. Blocko aims to be a global Aergo product and solution provider — much like Red Hat became for Linux.

Please read the detailed Medium article explaining the relationship between Blocko and Aergo for more information.

Usecases of Blocko & Aergo technology:

Sources: Usecases of Blocko & Aergo technology

How Aergo compete with other projects?

Aergo QPU 2020 Q&A — Answers (Q-2)

(A-2) “Currently our primary competitors would have to be those within the enterprise blockchain space. Those include IBM Hyperledger, Quorum, R3 Corda, Ethereum Enterprise, and more. We believe in a hybrid approach to enterprise adoption and has been our mantra since the beginning of Aergo. We will continue to prove ourselves through the continuous business and customers that work with Aergo. We have a significant track record in South Korea and overall over 40 Blockchain systems with major companies such as Hyundai, Samsung, Lotte, that are currently in production, with over 300 Client engagements since 2014 (many are confidential), and have since expanded to Blocko MENA to cover Africa & SEA by targeting distributed finance sector (MESEA) through 3 major international-scale reference projects in the region which you can read about in our latest QPU.

Our goal is to continuously help companies and government entities to utilize our blockchain and bring value to their projects through our continuous support. With 6 years of experience in building enterprise blockchain solutions, I think it speaks for itself how we are to compete with other projects in this arena.”

Aergo Hybrid Chain Reference Model:

Sources: Transaction Anchoring and Asset Bridging between Aergo Private Blockchains and Aergo mainnet

Sources: Blockchain projects / program deployments in Korea: 44/ 59 by Blocko(2015-18)

Note:

1. All of Blocko’s future services will be based on their new Aergo Enterprise product that requires Aergo tokens to work (Q17). Side chains will also need Aergo tokens to operate (and to be “anchored”) with the Aergo mainnet.

2. Aergo featured in a book along with Corda, Hyperledger, Quorum, etc.: titled “Blockchain for Decision Makers: A systematic guide to using blockchain for improving your business” written by Romain Tormen, a senior consultant for PwC.

Sources: Comparison of Quorum, Hyperledger, Aergo and Corda by Romain Tormen in his book titled “Blockchain for Decision Makers: A systematic guide to using blockchain for improving your business”

Social Channels:

Website: https://www.aergo.io , https://www.blocko.io/

Twitter: https://twitter.com/aergo_io

Telegram: https://t.me/aergoofficial

WeChat: https://www.aergo.io/resources/wechat

LinkedIn: https://www.linkedin.com/company/teamaergo/

Discord: https://discord.com/invite/YuPCCeH

Github: https://github.com/aergoio

Reddit: https://www.reddit.com/r/Aergo_Official/

Kakao: https://open.kakao.com/o/gGarZeO

Whitepaper: https://www.aergo.io/resources

Medium: https://medium.com/aergo

Disclaimer:

Information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. We can’t guarantee for price prediction. The opinions expressed herein are subject to change without notice. It may become outdated and there is no obligation to update any such information. You shouldn’t make any decision based solely on what you read here.