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INTRODUCTION
AERGO is a 4th generation “enterprise ready” blockchain protocol with the ability to deploy on either public or private blockchain networks. AERGO will give businesses the flexibility in developing and deploying blockchain applications with speed, scalability and performance. AERGO is designed as a flexible, plugin-based smart contract infrastructure where Clients can execute smart contracts written for the Ethereum Virtual Machine or AergoSQL. AERGO will support Smart Oracles hence it will also allow smart contracts to consume data with external services or internal databases and trigger events. Aergo’s architecture consists of 3 components – Aergo chain, hub and Marketplace. The chain will use deterministic delegated proof os stake consensus supporting over 1 million TPS via sidechains. Aergo hub is a blockchain hosting service for building, testing, deploying and managing independent blockchains based on AERGO Chain. And lastly – the marketplace allows you to buy and sell computing assets such as Storage Computing Power and others.
Commercial & Technical Strategy
Aergo will serve as a bridge between public and private blockchains, creating a hybrid product using state-of-the-art technology. The product boasts a diverse architecture that is supported by high performance, secure and easy to use public blockchain with an efficient virtual machine engine. Aergo complete framework will consist of 3 core elements.
Aergo Chain — The public blockchain protocol that is deployed using a DPOS model that is compatible with a variety of smart contract infrastructures, including Ethereum Virtual Machine (EVM) to achieve interoperability. It also features AergoSQL that uses a traditional programming language, SQL technology, for mass adoption.
Aergo Hub — The interface that connects dApps to the Aergo Chain. These dApps are housed in the hub (like a cloud service), which consists of both public and private repositories that hosts the software program codes for a project.
Aergo Marketplace — A one-stop shop for software, computing and any other related services connecting vendors to end-users
Roadmap
As we see the team started to develop its project in the beginning of 2018 and in 2018 Q2 they achieved its first milestone, it was creation of smart contract that enables storing accessing data and usage SQL-like scripting language, now they are in its second stage it’s a “chain beta“, then Aergo with distributed version control that offers advanced backup and restore, point-in-time recovery, and multi-tenant repository.
Team
The project has a very big and a experienced team with some all star partners and advisors .
Phil Zamani – 20+ years of open source, cloud business and blockchain experience. Currently the COO of Blocko. Prior positions include Global Head of Big Data & Cloud Business Models at Banco Santander; Senior VP of the Cloud Business Unit at Deutsche Telekom; VP of Sales and Business Development in Internet Appliances at Red Hat. He has also worked in various roles at other companies including Cygnus Solutions, Synopsys, Novell, Springsource (now Pivotal), etc. Obtained his MBA in Entrepreneurship at Warwick Business School in 2003.
Hun Young Park – 13+ years of experience in developing databases and distributed systems with expertise in large scale and high performance software design. Currently the CTO and Director of Blockchain Research Development of Blocko. Previously the Principal Software Engineer at TmaxData and Senior Software Engineer at Tibero. Obtained his Master’s degree in Computer Science at KAIST in 2005.
Roderik van der Graaf – Over 20 years of experience in private equity, venture capital, and equity derivatives trading. Currently the Founder and Managing Partner of Lemniscap (a blockchain investment firm) and an advisor to Blocko. Previously a Managing Director at Caldera Pacific and at KCP Capital. He also worked in various roles in equity derivatives trading at Deutsche Bank, HSBC, Rabobank, Bear Stearns, LIM Advisors and All Options. Obtained his Master’s degree in Information Technology at the University of London in 1997.
Committee Heads
Won Kim – 15 years of experience in Relational DBMS and distributed systems. Founder and CEO of Blocko and Technical Advisor to Lemniscap. Previously worked in research and development of distributed databases and database administration at S-Core and TmaxSoft. Obtained his Bachelor’s degree in Computer Science at Boston University in 2008.
Jane Lee – 7 years of experience in strategy consulting with expertise in digital transformation and technology commercialization. Currently the Chief Strategy Officer of Blocko. Previously the Strategy Manager of Accenture where she worked for more than 6 years. Obtained her Bachelor’s degree in Hotel Administration from Cornell University in 2009.
Alison Shim – 5 years of experience in strategy consulting with expertise in go-to-market strategy and business development. Currently the Chief Innovation Officer at Blocko. Obtained her Bachelor’s degree in Economics and Communication Studies at New York University in 2012.
Advisors of the project include Eddie Alleyn, former Director of the UK’s Ministry of Defence and the Foreign and Commonwealth Office; Vincent Zhou, founding partner of FBG Capital; Sinhae Lee, partner at GBIC; Riad Hartani, founder of multiple tech startups, and others.
Some Strategic Partners :
The backers of this project are some familiar names in the space and have a lot of blockchain experience with them:
1)FBG Capital (Zilliqa, Nebulas, Origin Protocol)
2)GBIC (Icon, Aelf, Mainframe)
3)Lemniscap (Fantom, Harmony, Emotiq)
4)Rockaway Blockchain (Wanchain, Zilliqa, Aion)
5)Block Crafters Capital (DAV Network, Cosmochain)
Token & token utility
Token Utility
Aergo token is utility token designed to serve different functions inside the platform and to be the medium of exchange within the whole Aergo Ecosystem. It is intended that the tokens are used for: running the smart contract, DPOS consensus algorithm and a payment method for the Aergo domain, services, and assets on marketplace and Hub services.
Here’s some info about token metrics :
Total supply of tokens is 500,000,000.
Tokens for sale: 30% - 150,000,000.
Community incentives and partners - 30%, 150,000,000.
Reserved by token issuer: 25% - 125,000,000.
Advisors and key backers: 10% - 50,000,000.
Employees of token issuer and affiliates: 5% - 25,000,000
My Final Reviews :
Strong team that is balanced in terms of technical knowledge and business development.
There is a wide range of potential use cases in multiple industries, including financial services, manufacturing, distribution, insurance, healthcare, government and the internet of things.
Potential for other blockchain networks to be bridged onto AERGO.
The project is supported by Blocko, an established company that so far has delivered 23 in-production blockchain systems (for 20 companies) supporting over 25 million users. Blocko is proposing to introduce AERGO to their existing clients so the project could gain traction quickly.
Being backed by Blocko brings a number of advantages (experienced team in blockchain development, client list, and instant recognition). It helps AERGO both on the technical and business development front. Therefore, we believe AERGO has a good chance to be successful in the long run.
Community
The project has a strong community without performing any airdrops and bounty campaigns. For now, the official telegram group includes 30k+ active people, despite the market conditions affecting the overall communities activity. Here’s other project channels and pages:
Website: https://aergo.io
Email: hello@aergo.io
Github: https://github.com/aergoio
Telegram: https://t.me/aergoofficial
Announcement channel: https://t.me/aergoannouncements
Twitter: https://twitter.com/AERGO_IO?lang=en
Medium: https://medium.com/aergo
LinkedIn: https://bit.ly/2JLmPmB
- Prateek Parashar
@prateekparashar, I gave you a vote!
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