The story of mans existence from time past cannot be told completely without recognising and reasserting the peculiarities of money (currency) in mans existence, the evolutionary trends in currency over the years have seen the world experience the peculiarities of blockchain cryptocurrency all thanks to Satoshi Nakamoto whom first came up with Bitcoin in 2008 to facilitate electronic cash based transactions or payments between individuals without been aided by fiat banks. The changes in times and the wholesome acceptance of this technology has seen it been used by different businesses (enterprises) as a sure way to boost their value propositions; however the possibilities of attaining this feat are still very much limited by very many obstacles such as :
• The lack of reliability : the seeming lack of total control on the full IT framework creates many operational challenges for enterprises and often a times blockchain uses hard forks to modify the underlying technology of blockchain but the hard fork on the long run portrays a loose ends and increase the susceptibility to risk level of the IT network itself.
• Difficulty in the IT integration: over the years so many enterprises have always been creating, optimizing and transforming their business via the use of different digital technologies and the emanating waves seems to have created too many layers upon layers of numerous systems and the side effect of this is the complexity in workflow rate and operations.
• Privacy issues: most business community as at today are yearning for a better and a more efficient data privacy than that which is provided by public blockchains.
• Scalability constraints: current blockchain based systems are only capable of handling small-simple scalability task and this will create a problem for big business with dare need for higher scalable capacity.
• Interoperability constraints: there are too many public blockchain protocols basically providing support to bitcoin and other crypto currencies with different challenges of implementations that reduces the benefits of economics of scale.
• Software development difficulty: there is significant difficulty in for developers and also barriers of learning new language, the systems are complex and inflexible
AERGO announces itself as blockchains very own fuel for autonomous businesses and is poised towards becoming the 4th generation enterprise ready invention. Blockchain protocol connects with an IT (info tech) that will change the fortunes of the IT industry. It will bring a unique and all encompassing ecosystem that is made up of complementary decentralized applications (dApps) and service offers that rely on the secure cloud delivery models. The AERGO will aid enterprise and developers to actually design, develop and deploy their own choiced blockchain based applications within the cloud, it also gives creators the opportunity to adjust their blockchain and applications to their choiced needs, by offering choices to either run across private or public network. AERGO will also ameliorate firms from facing notable overheads through the excluding of all needs to establish physical frameworks because everything will be supported solely by a very secured cloud-hosted on distributed network. The AERGO core technology is designed based on COINSTACK2 from Blocko Inc and it will leverage on Blocko’s pre-existing platform, it provides a total infrastructure used for the developing and also deploying decentralized applications (dApps) on very secured, high end performance cloud designs. The AERGO operates with three (3) key components namely:
AERGO Chain
AERGO Hub
AERGO Marketplace
AERGO CHAIN: this is a public internet of blockchains it is new protocol consisting of a global public based decentralized network of business (enterprise) blockchains instantiated (run) by bonafide node providers. AERGO chain will contain AERGOSQL to operate as a smart SQL canonical contract engine that aids the process of easy development of sophisticated smart contracts so as to develop better business products and services.
AERGO HUB: it offers a public interface for the underlying AERGO chain, the AERGO HUB strives to operate and also connect all its secure dApps with AERGO chain. All dApps created will be kept in any of the two repositories namely the AERGO public repository and the private repository
• The AERGO public repository is a shared decentralized open framework specifically for dApps
• The AERGO private repository is a privately controlled and fully secured framework also for dApps (decentralized applications) .
- AERGO MARKETPLACE: this is also a proposed component that offers a one stop zone for getting all software applications, it also serve as computing resources and also offer other optimized services for the AERGO chain, the AERGO marketplace will be fully accessed through the uniquely designed AERGO public hub interface and will be managed by the AERGO horde.
The AERGO token is designed to eventually operate a utility token that will be used to carry out operations within the AERGO platform; it will serve the needs and purposes of many and will also be solely used as a medium of exchange inside the AERGO ecosystem. Holders of AERGO tokens will have the right to access different services available inside the AERGO ecosystem.
CONCLUSION
The AERGO is one of the strongest and foremost ICO projects with the profound supports in the form of Blocko Inc, that offers different technical solutions for so many existing companies like Hyundai, Cisco, Kia motors, and SK telecom etc. it has a team of experts that are poised towards sustaining a qualitative balance between marketing, business development and technical knowledge, AERGO is sure committed to giving the world a fully functional blockchain based autonomous business.
For more information visit:
Official website: https://www.aergo.io/
Telegram: https://t.me/aergoofficial
Telegram Announcement channel:
https://t.me/aergoannouncements
Twitter: https://twitter.com/AERGO_IO
Medium: https://medium.com/aergo
Linkedin: https://www.linkedin.com/company/teamaergo/
AERGO Whitepaper: https://paper.aergo.io/AERGO_Whitepaper_v5.2.pdf
AERGO CHAIN Whitepaper: https://paper.aergo.io/AERGO_Chain_Technical_Whitepaper_V1.0.pdf
Writer steemit profile: https://steemit.com/@aabu
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