The introduction of the block chain technology has affected almost all areas of our life. Hence, major business models across various models have inculcated the block chain tech. This is not surprising as block chain presents a key to a successful business. With a P2P network of distributed computers, block chain is able to achieve tremendous success.
With the evolution of the block chain technology, it is not without its downsides. Some of which are:
· Problem with the integration of IT which has caused complex workflows
· Inability to control IT infrastructure making them vulnerable
· Inadequate privacy and security issues which brings the need for encryption and decryption.
· The absence of a simple and easy to understand software tool
· Also, the need for It system of huge cooperation to be able to handle more demands
The AERGO however came as a solution to address most of the challenges facing the block chain platform indicated above. It will provide a block chain protocol alongside an IT support system. It will do this with new technology that will work with developers, It suppliers and business owners
AERGO presents a simplified platform that will be easy to use for everyone. It will foster cooperation among stakeholders. To make this a reality, there will be a middleware that links the IT software to the users.
AERGO will make use of modern technology that will either be a public, private or both private and public block chain system. It will serve as a link between the private and public network. It will help users enjoy what the public and private blockchain have to offer: the innovation of public block chain network and the security of private ones.
AERGO ECOSYSTEM
The aim of AERGO is to come up with a fast and scalable blockchain platform that will make enterprise adoption possible. AERGO chain, AERGO hub and AERGO marketplace is what the platform of AERGO is composed of.
AERGO Chain: This is a public internet containing block chains with the SQL-based smart contract engine. It uses the Delegated Proof of Stake (dPoS) as its consensus mechanism
AERGO Hub: This will give all user of the platform (developers and enterprise majorly) access to computing power for their application. It will be the web-based blockchain hosting service with which many independent private blockchains will be managed.
AERGO Marketplace: Will provide a platform for users of the platform to search and buy software applications and other services available. Also, third parties will offer their products for sale to users of AERGO.
AERGO Token
Part of the aim of the blockchain network is to be a marketplace for computing resources, software applications and many other services.
The AERGO token will be the bedrock of the platform as it will be used for smart contracts and all forms of payments on the AERGO platform.
The brains behind AERGO
The AERGO has 10 core engineers handling the support end and 5 members taking care of the business development and marketing sector. These are personnel’s with vast experience in their chosen field. Asides, their knowledge and the skills garnered from Block0 – the parent company will be of immense value!
In conclusion
AERGO as a project has got great potentials for success. The team behind the project has huge experience in handling the challenges of the block chain platform
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Author - Coltpython
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