The AERGO Project is a serious disrupter. It is also very different. It proposes to be a 4th generation “enterprise ready” blockchain protocol combined with an IT platform that uses new and more advanced technologies. It proposes to include a comprehensive ecosystem of complementary decentralized application (“dApp”), technologies and service providers that leverage secure cloud delivery models. Underlying technologies in AERGO are proposed to be made open source as it is truly an open and decentralized system.
The blockchain is a form of technology that introduces for the first time, a cryptographic secure digital database of transactions that does not possess the points of failure and security issues of traditional databases. Its unique characteristics provide the potential for blockchain based products and services to disrupt many business models in many industries (for example, financial services, manufacturing, distribution, insurance, healthcare, government and the internet of things (“IoT”)). Blockchain technology typically aim to provide three major characteristics that are important for businesses:
Security – Transparency – Trust
It achieves this through the use of a peer-to-peer (“P2P”) network of distributed computers, where the data is securely deployed and stored using advanced cryptography. To quote the previous Chief Operating Officer of UBS: “the blockchain is a potentially transformative technology that will leave as deep a mark on our world over the next 20 years as the Internet has over the last 20” .1
The benefits of blockchain technology have not gone unnoticed, resulting in many blockchain implementations existing today. Most of these use and operate on computer networks that are easy to join and participate in. These permissionless implementations are often known as “public blockchain protocols” (such as Bitcoin and Ethereum). However, the use of an existing blockchain comes with many problems for existing businesses, mainly due to the lack of control over its features and development. While private/permissioned blockchains aim to fulfil the promise of becoming “fit-for-purpose”, they entail immense costs in terms of infrastructure and forfeit the ability to evolve at the speed of open source.
The vast majority of both public and private implementations are in the early stages of their development (and currently use 3 rd generation technologies). Projects typically focus on one type of blockchain versus the other. As such, most are only used for simple proof-of-concept
(“PoC”) test-cases. Despite many such projects, the evolution of the blockchain stack is still stagnating, due to difficulties with enterprise IT integration and a lack of developer-friendly and easy-to-use software tools. Many implementations also lack the enterprise grade capabilities that are critical to run real business applications in both private and public deployments. The technology behind blockchain needs to mature and become more accessible for it to become a widely used and deployed architecture. Additional services and capabilities are also needed for it to be a commonly used business platform.
Whoever can provide the protocol and needed supporting enterprise IT, developer and 3rd party services, has the opportunity to become as important to the future of the world-wide-web and “serverless utility computing” as TCP/IP became for the Internet.
The AERGO Project (“AERGO”, “Platform” or “AERGO Platform”) is a serious disrupter. It is also very different. It proposes to be a 4th generation “enterprise ready” blockchain protocol combined with an IT platform that uses new and more advanced technologies. It proposes to include a comprehensive ecosystem of complementary decentralized application (“dApp”), technologies and service providers that leverage secure cloud delivery models. Underlying technologies in AERGO are proposed to be made open source as it is truly an open and decentralised system.
AERGO is being built for developers, for businesses and the IT suppliers that enable
AERGO’s platform seeks to enable enterprises and developers to easily design, build and deploy their own blockchain applications within the cloud. The platform aims to offer the possibility for creators to tailor their blockchain and applications to their needs, by giving them the choice to run across either a public or private network. Taking into account the differing characteristics private and public blockchain implementations present, the choice between the two aims to give enterprises and developers the flexibility they desire when designing a purpose-specific application. Hosting everything across a secure cloud-hosted distributed network, AERGO also aims to alleviate businesses from significant overheads through the elimination of needing to establish physical infrastructure themselves to run blockchain protocols and applications.
AERGO’s core technology is based on COINSTACK from Blocko Inc. (“Blocko”), a leading blockchain technology and enterprise IT integration-services company with operations in the UK, South Korea and Hong Kong. COINSTACK-based blockchain systems have already been deployed to 25 million users in over 20 in-production systems. Blocko is now preparing and developing some of the core key technologies for AERGO. It proposes to provide comprehensive IT integration and support services for clients who wish to deploy and maintain new products and business services based on AERGO. Proposed new technologies include: a super-fast and efficient blockchain protocol; a new powerful SQL smart contract engine; advanced IT integration APIs; and easy to use developer tools. These are intended to be supported by a dApp orchestration and deployment framework to allow developers and businesses to install, manage and use these applications.
AERGO aims to advance enterprise blockchain, by opening up a new era of mass market usage of blockchain. An era where businesses can benefit from both public and private blockchain innovation, while focusing on building, deploying and managing new services. In short, the AERGO Project aims to provide:
1. advanced, yet friendly and easy to use technology for developers and contractors
2. a secure and fast public and private blockchain cloud architecture for businesses
3. an open ecosystem for third parties and businesses to connect and engage with AERGO, the blockchain fuel for autonomous business
Smart contract that enables storing and accessing data and SQL-like scripting language.
AERGO chain beta
AERGO with distributed version control that offers advanced backup & restore, point-in-time recovery, and multi-tenant repository.
AERGO Chain Test Network
Test network released for public to try out.
Blockchain protocol empowering deterministic and autonomous operation of dApps. It enhances transaction privacy through branching and merging the chain with strong concurrency control.
Hub & marketplace
Public repository hub and marketplace for business and developers.