AERGO is a blockchain fuel project which proposes to be a 4th generation blockchain protocol built for enterprises, with an IT platform that uses “easy to use” advanced technologies.
These days, the existing blockchain protocols and applications have failed to meet the demands of the enterprise market. The demands include: scalability, distributed authority and enhanced discretion the business enterprise needs without surrendering security and immutability they demand.
- Difficulties with enterprise IT integration; this has led to complex operations and workflows. Industries have the tendency of using a diverse range of technologies and processes.
- Lack of reliability and total control of IT infrastructure causing frequent hard forks and hence vulnerability of IT networks.
- Lack of proper security and privacy issues; this creates a need to have an encryption and decryption layer at the application level. Enterprise block chain implementations often need to create a robust, holistic approach for securing data.
- Lack of developer friendly and easy- to- use software tools; there is a need to have an enterprise block chain that would be easy to understand and program; since block chain technology often introduce new programming frameworks and languages.
- Scalability Problems: There is a need for large businesses to have IT systems that can automatically deal with more demand, which could come gradually or suddenly from the service user.
- Enterprise grade capabilities that are critical to run real business applications in both private and public deployments.
AERGO with its ingenuity aims to develop a new blockchain protocol with advanced and easy to use developer tools. Also, a state of the art dApp orchestration and deployment framework.
AERGO has three functions, which combined together form the Aergo platform.
• AERGO chain - the public internet of blockchains
• AERGO Hub - the public interface into the underlying AERGO chain.
• AERGO Marketplace - a one stop shop for software applications, computing resources ad more for AERGO chain.
AERGO Chain
A blockchain protocol designed to mitigate issues that stifle enterprise usage of permissionless networks. The chain will consist of a public, decentralized network of blockchains run by node providers. AERGO Chain utilizes a deterministic Delegated Proof of Stake (DPoS) consensus algorithm.
AERGO Hub
A blockchain hosting service that acts as a the public interface for building, testing, deploying and managing independent blockchains based on AERGO Chain. The Hub includes tools and supporting services to support the growth of the protocol, such as a smart oracle, serverless DB and content delivery network.AERGO Marketplace
AERGO Marketplace
It aims to enable the sale and purchase of peer-to-peer computing assets. Examples of computing assets offered on the marketplace will include storage, computing power and algorithms. The AERGO Marketplace will be accessible via the AERGO Hub public interface.
In other words, Aergo aims to be the solution to the Blockchain challenges and hopefully every private and public enterprise will enjoy the long term proposed benefits.
Will read more about my analysis regarding team in my next article