In a blockchain environment where the average monthly number of ICO’s is estimated to be around 80, and more than 800 to date in 2018, it is difficult to make an analysis and choose the pearls that will eventually make it to the top, if at all. Most ICO’s and companies already existent in the blockchain space are bringing to market projects that are involved in lengthy research operations in the creation of Utopian scalable public chains that never get off the ground and see real-life use. Every once in a while though, one comes along that just outshines the rest and gets you off your feet; meet AERGO, the 4th generation enterprise focused blockchain solution that brings to market a unique mix of innovative technology, know-how and real-life use case!
In this short but comprising article I will give you an insight in the most important factors contributing to a success in the current blockchain environment and my opinion on how AERGO meets, and even exceeds, these requirements.
What is AERGO all about?
Aergo is a 4th generation blockchain project offering a platform that combines the best of hybrid blockchains with software development, in a trustless and distribuited IT ecosystem. It combines serverless design with open-source technology in allowing enterprises to easily develop apps, services & ecosystems. Aergo proposes an infrastructure where public & private chains meet alongside so called sidechains. The use of sidechains allows Aergo to find the right balance between public chains (trust and innovation) and private chains (speed of execution and governance). Working with existing enterprise IT systems and integrating to these is a major value proposition within the AERGO ecosystem. The combination of the former with the ease of use/implemention the project is bringing to market, weeks rather than months, gives AERGO adoption at the enterprise level a present and clear advantage over any other blockchain project available out there.
Probably the most exciting part of the technology though is the open-source approach AERGO is proposing. As a foundation, AERGO is open-source all the way. The decentralized approach it adopts in delivering developer and business friendly licensing, empowers businesses to commercialize the technology while benefiting from developer interaction. Moreover, in the realization of this decentralized development, releasing its technology on well-known platforms such as Github will play an important role. In this sense the company recently released its first database engine, called LiteTree, allowing developers to branch SQL based data at lighting fast speed. By the way, the open-sourcing of this component has been received with much interest from the GitHUB community, with over 1250 favorites until present.
AERGO aims to combine the use of the best existing blockchain technologies, software development, secure serverless cloud delivery and as I will describe in more detail later in this review, best practices in large enterprise product deployments.
As in the current blockchain environment it’s all about adoption, or better said, the lack of, I’m going to continue my review by exposing the factors that make AERGO unique and in my opinion a success in the making; meet Blocko and its team highly skilled real-life blockchain developers!
THE TEAM
AERGO is backed up by a team of more than 50 top notch developers from the second largest blockchain company in the world: the South Korean based BLOCKO. This company has implemented enterprise blockchain solutions for the past 4 years, by means of their private blockchain solution, Coinstack. AERGO is going to build on this already existing, in real-use blockchain implementation, and make it better! Its client base is comprised out of more than 20 large enterprises, with a total of 25M+ users. This is something not many companies in the world can say, to be precise, just one. Blocko will take all the technical and customer focused real-life experience it has gathered over the past 4 years and put it into AERGO.
Leading this team of dedicated professionals is CEO Phil Zamani. His expertise and leadership of over 20 years in the open-source industry plays a crucial role in providing the vision, implementation and adoption needed for the project to succeed. For more than 2 decades Mr. Zamani has been involved and worked together with the key persons that drove adoption of Linux in the IT industry, making it the success it is today. His philosophy of emulating the success Linux had in the IT world, with AERGO in enterprise focused solutions is not only motivating, but actually based on lifetime experience. Hell, If the combination is not an all-star team, I just don’t know anymore!
PROJECT FINANCIALS
AERGO has recently released the financial data that again denotes the high interest for the project. The hardcap for the presale of AERGO tokens was set to almost 29M USD and completely sold out.
Moreover the screened demand for this presale was of 20 times the hardcap, totaling a whopping 750M USD. In a current market where most ICO’s are struggling to reach hardcap this fact gives a lot of confidence in the (near) future financial development of the project.
COMMUNITY
Over the past years there have been promising technical projects that just failed to deliver and make it a success due to lack of awareness, exposure and poor communication to community members and the general public. With a Telegram group of over 32k members and Twitter account of 5k+ followers, AERGO has been very successful in creating a large, but more important, active community. The company’s RewardDrop program that has been ongoing for the past couple of weeks is a tremendous success. In this sense AERGO will reward top contributing members with a total amount of 3M US dollars in AERGO tokens. Where most to be launched projects are selling their tokens in public ICO’s, AERGO is actually giving them away to members that bring genuine value to the project, based on quality vs quantity. This again shows the dedication of the team behind AERGO to make this project a success, with a long term focus based on partner loyalty strategy, rather than one based on money making tokens dumping on listing.
CONCLUSION
Blockchain adoption at the enterprise level is in its early stages, but with the launch of AERGO this is definitely going to change soon. The project’s key interest metrics are excellent! With a clear definition of its strategy, impressive technical team & know-how, great financial support and lastly, but probably most important, real-life access and use of existing blockchain solutions offered by Blocko, this project is in my opinion THE ONE to watch in the coming period. I have already made up my mind, and don’t take my words for it, but I suggest you taker a deeper look at AERGO, and make your own decision. For more info please check: https://www.aergo.io/