Founded by Phil Zamani, Hun Young Park & Roderik van der Graaf, company heads at Blocko, Aergo has all the right ingredients for a successful run, it has all the right technologies in place, it has significant funding (They hope to raise a bit more in an ICO to get the job done) and most importantly a solid team behind it - to accomplish its primary task. Which is - to help enterprises build and launch efficient and scalable dApps on cloud-based infrastructures.
One of AERGO's biggest strengths lies in its platform, public blockchain might seem like the best course of action especially if you're looking to develop a platform that’s transparent and trustworthy but its permisionless nature makes it less secure and prone to inefficiencies. Once the data has accumulated and the network has grown in terms of the number of nodes it needs to validate newer transactions it normally slows down. Not to mention a large number of nodes opens up the network to many potential points of failure while also consuming a lot of energy.
But what can you do? decentralised trust is really what makes Blockchain what it is, if you started putting limitations on it - it loses its purpose. Therefore, AERGO says you don't need to be caught in this impossible dilemma as the platform lets you combine both worlds, all you need to do is pick an arrangement that suits you.
So anytime you're looking for high performance you have the option to switch back to a private blockchain and anytime you’re looking to innovate you can seamlessly migrate to the public blockchain. To make this happen there are a lot of technologies going on under the hood. You can read AERGO's technical whitepaper here
Blockchain does have some weaknesses that might prove quite challenging for AERGO to overcome though:
Weaknesses
See blockchain has a steep learning curve and it can prove to be quite difficult to master even for skilled developers.
For enterprises, trying to find developers that can code an entire dApp for you is tough, it’s even tougher finding the right blockchain developer to hire. In fact, several companies have turned to headhunting to find the best talent for a project or even to join their team.
Considering AERGO is an open source platform this might be an issue because it makes sense that the chain needs developers and IT experts to constantly engage with the platform, develop dApps and participate on any projects and topics brought forward. If this number is too minute, growing the ecosystem organically isn't a viable option.
One other weakness that might plague AERGO is errors within the system.
As humans we're prone to making mistakes, it may get to a point where the data that is logged onto a chain is imprecise or not of a high quality, this might mess up with all the events that take place thereafter deeming the whole chain of events 'untrustworthy'.
AERGO does have a few lucrative opportunities though.
We currently live in a sharing economy, people have gotten used to the idea of sharing their resources with complete strangers, and really platforms like Uber and Airbnb have a lot to do with this and thanks to online reviews, rating systems and online forums, people share information with each other all the time so users know that any time they're looking for services they can depend more on the word of other users inside the platform than the word given from official channels.
You can notice this every time you visit IMDB to try and find out information regarding a film you'd like to binge on and it's amazing. Reviews are everywhere now, and it doesn't just stop there though, as the world becomes more and more connected we have seen entirely new kinds of businesses being born, start-ups like GitHub have grown into billion-dollar brands just by utilizing collaborative practices on an open source-based platform.
Although all these platforms are great, they can do with refinements. First, it would be nice to know your data isn't all going to be stashed inside some centralised location somewhere where your data can much easily be manipulated or worst off fall into the wrong hands (hackers! :( )
AERGO wants the world to adopt faster to decentralised platforms. It does this by allowing enterprises to deliver their services on inexpensive and distributed IT architectures, its called serverless computing and it doesn't exactly mean there are no servers involved it only means the enterprises don't need to own any virtual machines or servers to get online and it's very amazing. It's kind of like what AWS lambda does but completely based off of the blockchain.
Basically it does all the heavy lifting so that developers and enterprises don't need to spend a lot of time trying to comprehend the difficult programming languages needed to get out of the door or get distracted trying to manage complicated architectures all they need to do focus on innovating and delivering value to the end-user. So, the world moving into an era of socially open thinking is exactly the fuel AERGO needs to further itself.
Faster internet speeds, deeper mobile penetration, and better technologies also enforce the fact that open and transparent platforms are indeed the future. WeChat, a messaging application from China is the perfect example of this.
Although it's not blockchain based it helps peek into a future of what a decentralized economy could look like.
With just one app, WeChat allows users to enjoy multiple, different but fully integrated services, users can order for food (just like they would from Deliveroo), users can also hail a taxi (just as they would with uber), users can also share on social media while sending messages to people they know and it doesn't stop there users can pay bills, book appointments, play online games, transfer money and much more all from one convenient place.
Because WeChat provides developers and merchants with APIs for location, payments, messaging and even user IDS they don't need to spend their time and money developing their own systems, all they need to do is build upon the tech stack that’s already offered to them to give their users the best web experience they could ever ask for.
Threats Aergo must deal with.
1. Increased competition.
Sure, AERGO might be offering revolutionary technologies but every day that goes by is another day a competitor is looking to take a piece of AERGO's potential market share and unfortunately AERGO isn't only competing with blockchain based start-ups, it's also competing with everyone else.
See big brand businesses like SAP, IBM and RedHat already offer close to similar - enterprise implementation - business models as AERGO and because they have the brand name advantage, the funding and all the right infrastructure in place to take the ball, AERGO would need to carve out its niche perfectly to hinder any threats the big brands may present to it’s bottom-line.
2. Rigidity within the system.
Although the introduction of open standards such as OATH and SAML can assist enterprises integrate blockchain into their current systems. The process is still extremely difficult, this is because enterprises have spent decades optimizing and upgrading their IT systems, using different technologies to get the job done. Now while this is great it does introduce a serious level of rigidity inside the current operation and workflows making it expensive to integrate disruptive technologies like blockchain.
In conclusion.
The AERGOSQL was scheduled to launch inside the second quarter of 2018 and the beta of AERGO chain with point-in-time recovery and advanced backup and restore functionalities is expected in the 3rd quarter. As the near closes the company hopes to let the public finally try out the AERGO's chain test network - which is going to be awesome.
You don’t want to miss out on this, according to icodrops and Phil Zamani's article on Medium the company has already raised over $29,000,000 out of their hard cap target of 32,000,000 and which each token priced at $0.20 this means the company has already sold and distributed close to 145,000,000 tokens leaving only about 162,000,000 tokens available for distribution.
Looking for extra information? Feel free to check out the company on all their official channels to get early wind of all the important updates and news regarding the company.
Through the links below, you can also find out how you can earn from $250 all the way to $2000 in AERGO tokens thanks to the company's submissions programs.
It's simple to join all the company asks of you is your email address, social media handles, 2 to 3 links of you making the company look good on Reddit, Medium or Telegram and a 200-character description telling AERGO what it means to you. It's that simple, do note that AERGO has applied a community vector analysis tool to check for bots and bounty hunters, it has also installed an in-house analyst team to vet all the work that has submitted to make sure everything checks out.
Do this part well and you will be rewarded beyond measure. Hey, you could even get the chance to be a global ambassador for the company. Pretty cool!
Subscribe for email updates on the company website [here]
You can also take time to read AERGO’s [whitepaper]
On twitter you can find Aergo [here]
On Medium you will find Aergo [here]
You can connect with Aergo on LinkedIn [here]
You can engage with the community on [telegram]
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Disclaimer Alert*
All the views presented in this post are not sponsored, they are all personal opinions that have been developed by me in my time taken interacting with AERGO. This means that none of the references or points put across should be relied upon when making any form of investment or purchase decision.
To get the best out of your investments, it's best to either get professional advice from an investment firm or simply email the AERGO team via this email here - hello@blocko.io. If this fails, just go with your gut from personal experience that hardly ever fails.
Thanks for reading and please
