Introduction
Every new invention comes with the possibility of replacing an old system however adaptable it seems. The blockchain technology since its inception in 2009 represents a new and improved solution to asset management and storage because it offers matchless security when compared with the old existing systems which cuts accross many sectors including health - where patient information is an asset, banks - where funds is an asset or businesses whose customer or employer privacy are a core of their business ideals far more than security itself.
When you look at this trend and many more, you will find out the reasons why businesses has not looked upon the blockchain technology as a viable option for major adoption. These reasons extends beyond privacy alone as users still have to contend with the rate of block production, affecting the speed of transaction and ultimately making it less scalable for mass adoption.
Apart from this, the conventional public blockchain is not suited for use in an enterprise environment because of its limited support for adding key functionalities and integration for both old and new proprietary solutions such as OAuth and Active Directory; which are a key component of the control and administration features. Building an enterprise focused blockchain which will allow businesses to run in parallel with other proprietary softwares can be the starting point for mass adoption.
Major Problems In Deploying an Enterprise Blockchain
Apart from the inherent problems of scalability and privacy associated with blockchain adoption. Enterprise blockchain is an idea that has being in the offing for quite sometime due to its obvious advantages over generic blockchain. However, some of the reason why this technology is yet to see the light of the day are summarised below
Huge cost of hosting an infrastructure that could support all the features a private blockchain can handle
The technology is too proprietary to evolve at the speed of open source
Lack of developer's friendly features
Blockchain stack is not yet in full-fledge
Lack of easy-to-use software tools
So obviously, this issues sets the tone for building a protocol that is relevant and flexible enough to be deployed as the back-bone of enterprise blockchain. Aergo is seeking to re-invent the way blockchain handle our information and data to be more streamlined to serve the needs of businesses.
What is Aergo
Aergo is the next generation enterprise blockchain protocol which aims to power both public and private blockchain deployments.
Aergo aims to enable enterprise architectures based on the blockchain to incorporate new, innovative and technical approaches to build scalable distributed database system; which are integral to an enterprise focused blockchain amidst other key attributes like interoperability, data privacy, administration, development environment and side-by-side integration of structured and unstructured data storage unlike the generic blockchain which only accomodates the former.
The Aergo's Blockchain Architecture
Aergo technology will represent an open, easy-to-use horizontal enterprise development and deployment blockchain platform that serves to seamlessly conmect legacy IT software to the new world of distributed serverless blockchain.
Also Aergo's core technology is based on COINSTACK from Blocko Inc which means that this project stands to benefit immensely from the experience garnered by the exploits of the Coinstack-based blockchain which has already been deployed by 25 million users in over 20 in-production systems.
Inorder to drive an autonomous blockchain solution for business, developers, system integrator and key third party players .the Aergo key area of functionalities will be projected within the Aergo platform
Aergo Platform
The idea is to build an easy to use blockchain framework that will support and facilitate the different components of a fully decentralized, distributed and autoomous environment that allows developers,curated cloud delivery partners and enterprise companies to maintain a rich culture.
Therefore, the key stakeholders in the Aergo ecosystem will be any businesses wishing to use the blockchain, the developers, IT Contractors, infrastructure and service providers that provide value-adding services
Source : Whitepaper page 19
Aergo's Core Elements
- Aergo Chain
Is a public internet of blockchains which means the Aergo chain allows multiple blockchain to be hosted simultaneously.
The Aergo chain will therefore act as the backbone and operating system for multiple blockchain to be hosted.
- Aergo Hub
Is the public interface into the underlying Aergo Chain. This feature helps to easily connect numerous dApps securely to the blockchain via the numerous interfaces.
A public and private repository is defined for this functionality inorder to facilitate the control and administration required for the enterprise IT systems.
- Aergo Marketplace
Is a proposed one stop shop for software application, computing resources and other services optimized for the Aergo chain.
These various forms of services are intended to be managed by Aergo Horde and accessed via the Aergo Hub public interface.
Key Benefits And Features of Aergo Blockchain
- Pluggable architecture to support different smart contract implementation
- Integrating smart contracts and smart oracles
- User-defined consensus although the default consensus, DPOS allows more scalability.
- Room for interoperability of the blockchain different services, third party features such as OAuth, Active directory
- Aergo token involves and relates to the use of experimental platforms
Summary
Aergo is an holistic approach to meet the needs of different users on a portable technology like the blockchain by creating a flexible yet adaptable environment to develop and deploy dApps that allows easy integration of the features that allow an enterprise to gain automation and control via the use of the blockchain for business transactions.
A well articulated Aergo chain will be the one that is scalable, mergeable with other services and autonomous