1. GENERAL INTRODUCTION OF AERGO PROJECT
AERGO is an open platform that allows businesses to build innovative applications and services by sharing data on a trustless and distributed IT ecosystem.
AERGO was built by Blocko, a company specializing in providing business solutions in Korea. Blocko is widely used by many businesses that allow dApps developers to easily on private blockchains. AERGO is developed to resolve the issue of Blocko about IT integration, software development and interoperability.
AERGO is developed to help developers to to customize their blockchain and dApps on both permissioned and permissionless chains. Therefore, AERGO can give businesses the flexibility in developing, as well as deploying blockchain applications.
AERGO is believed to be a 4th generation “enterprise ready” blockchain protocol combined with an IT platform. In addtion, it isproposed to be made open source because it owns an open and decentralised system.
2. AERGO’S TECHNOLOGY
To achieve this purpose, AERGO ICO proposes a smart contracting platform that supports SQL and common scripting languages to accelerate adoption and integration. To further streamline, secure cloud storage over distributed networks is leveraged to reduce the overhead of physical storage infrastructure to run the blockchain and dApps protocols.
The core technology of AERGO is based on COINSTACK from Blocko Inc. Developing significantly in UK, South Korea and Hong Kong, Blocko already deployed COINSTACK to 25 million users around the world. Furtheremore, AERGO is not only built on Blocko’s platform, but also provide a complete framework for developing and deploying dApp on a secure, high-performance cloud architecture. As a result, Aergo will serve as a bridge between public and private blockchains so as to make a hybrid product with the best technology.
Three core elements of AERGO are as follows:
AERGO Chain is created to decrease the current issues of the public blockchains. The main features are:
- A smart contract based on SQL and advanced features, as such a distributed version and concurrency control.
- Using the sidechain technology create +1 million TPS (transactions per second).
- A deterministic consensus algorithm based on DPoS.
AERGO Hub, is a Blockchain hosting service serving as a public interface so as to build, test deploying and manage independent blockchains based on AERGO Chain.
AERGO Marketplace aims to enable the sale and purchase of peer-to-peer computing assets. These assets consist of storage, computing power and algorithms. We can access to this marketplace via the public interface of the AERGO hub.
3. TOKEN METRICS
AERGO is the utility token powering the platform.
- Tokens: 500.000.000 AERGO
- Tokens for Sale: 30%
- Hard Cap: $30,000,000
- Main ICO: Ended
- Token price: $0,2
4. TEAM
The team has both relevant commercial and technical experience to help the project reach its mission. Majority of the team worked for Blocko a long time, are professionals and experts in the field of blockchain developments. Some core members are as follow:
Phil Zamani (Board Member) — Current COO of Blocko, who has had more than 20 experience years for developing open source solution businesses at Blocko. Phil also worked as director and advisor for driving Cloud and Big Data innovation at Banco Santander, Deutsche Telekom and Novel previously.
Park Hunyoung (Board Member) — Current CTO of Blocko with over 13 years of experience, is an expert in database and distributed system fields. He is not only a project leader for developing Coinstack, but also used to being a software engineer at TmaxData and Tibero.
Roderik van der Graaf (Board Member) — Having over 20 years of experience as an advisor for the investment at Blocko. Currently, he is a managing partner of Lemniscap (a blockchain investments company). He used to work for Caldera Pacific, KCP capital, Bear Stearns, and Rabobank.
Kyung Tae Lee (Senior software developer) — He graduated in Kangwon National University and has more than 14 experience years for working in the field of graph database and query engine development (TmaxData and Bitnine)
Sung-Jae Woo (Developer) — He had a PhD in Physics from Korea University. He is a professional of using programming languages including C, Go, Perl, Bash, Fortran, C++ and Java.
5. ROADMAP
The roadmap is very brief and obvious. It marks a clear milestone for each remarkable development stage of the project.
- Q3 2018 — Aergo Chain Alpha launch
- Q4 2018 — Aergo Chain Testnet
- Q1 2019 — Aergo mainnet launch
- Q2 — Q4 2019 — Aergo Hub and Marketplace
6. CONCLUSION
AERGO is assissted by Blocko, a prestigious bussiness in providing business solutions, having reputated clients such as Samsung, Amazon, Microsoft and IBM. This is a great strengths in comparison with other competiors because it can leverage Blocko’s clientele base with more than 25 million users around the world. In addition, AERGO team also includes excellent members who have many experience years working of commercial and technicalat field at Blocko.
In sum, Aergo is expected to become one of the first projects creating an open source project, as well as an enterprise solution on both public and private blockchains.
Some links about the project
- Website: https://www.aergo.io
- WhitePaper: https://www.aergo.io/paper/
- Telegram: https://t.me/aergoofficial
- Medium: https://medium.com/aergo
- Github: https://github.com/aergoio
- LinkedIn: https://www.linkedin.com/company/teamaergo/
- Twitter: https://twitter.com/AERGO_IO
