Barriers limiting enterprise blockchain adoption
AERGO: The blockchain fuel for autonomous businesses
AERGO is an open source platform developed and powered by BLOCKO that will enable business enterprises of all kinds to scale through the said obstacles, permitting them to build their business model on the blockchain via its seamless, feature-rich framework.
Here are some key features of AERGO
AERGO SQL: As noted previously, difficulty in deploying dApps and smart contracts is one of the major problems hindering mainstream adoption. It was also highlighted how lack of resources and complexity of Solidity and other tools worsens the case. AERGO simply makes coding and writing smart contracts a walk in the park through its "new smart contract engine", AERGO SQL. AERGO SQL is a derivative of SQL, a familiar developer's tool and through similar protocol, offers developers the much desired ease in developing dApps and smart contracts.
Sidechain Technology: Often times, sidechains are employed as a means of improving system scalability, simply by linking chains known as sidechains parallel to the primary chain even though they may act independently of the primary chain. AERGO affords users this feature, enabling them operate sidechains at minimal costs and a less volatile, stable transaction fee.
Deterministic DPOS: AERGO adopts the Delegated Proof Of Stake (DPoS) governance model or consensus mechanism. DPoS ecosystems are renowned for delivering high Quality of Service (QoS) and enhanced performance since decision making is not influenced by one person as this always inhibits corruption and decision making based on personal interests. Rather, voting power is delegated to stakeholders (token holders) to make decisions in the best interest of the the ecosystem and every party involved .
Private and Public blockchains - Bridging the gap
It is very useful for enterprises who wish to enjoy the openness of public blockchains ( i.e no access controls, allows anyone to participate) without trading the high performance capabilities private blockchains are known for. They can easily migrate from one type to another, whilst retaining the characteristics and benefits of the prior system. This migration is made possible via a bridging proxy governed by embedded smart contracts. The proxy ensures communication between both the public and private network, hence birthing an easy to build hybrid enterprise system powered by blockchain.
AERGO's Architecture
AERGO's open source framework consists of three functional elements that fuels it's operation. They are :
- AERGO Chain
- AERGO Hub
- AERGO Marketplace
AERGO Chain: The AERGO Chain is a very fundamental element since it houses other vital elements behind AERGO's operation. For a clear understanding of AERGO chain, think about the largest network there is - the internet which us basically an interconnection of various networks accessible by the public. AERGO Chain can best be viewed as a blockchain equivalent or informally as the "internet of blockchains"; it is an open source, public network of blockchains run by various enterprises/node providers.
AERGO Chain supports various concensus mechanisms such as PoW,PoS etc but mainly adopts the DPoS due to its high performance, transparency and inherent QoS.
The AERGOSQL is also contained in the AERGO chain and as previously discussed, is a smart contract engine that simplifies the building of smart contracts.
AERGO Chain will possess a very high computational and processing power expected to seamlessly handle millions of transactions per second, which is a major improvement from what is seen on existing blockchains.Another way AERGO chain will ease developer's workload is through it's repositories that hosts program codes for projects being developed. Through these repositories, developers can access codes and make changes on their project from any part of the world. This ease of accessibility is particularly useful in cases where developers at different locations are working on a project. Repositories are generally of two types: Private and public, the difference being the access levels.
AERGO Hub: This is the user interface through which the features of AERGO can be accessed . Beyond that however, the hub is constantly in synchronisation with the dApps, having provided sufficient processing power for business enterprises to run these dApps. AERGO Hub offers a host of other functions and features such as support for software microservices, content delivery network, serverless database, smart contract interfaces amongst others.
- AERGO Horde: In order to ensure perfect conditions and functionality, dApps must be properly provisioned and managed. This is achieved through the AERGO Horde ecosystem which is an open source software running on its own operating system, AERGO OS.The OS will permit third party node providers and network participants to analyse how network resources are utilised, provide information of blocks containing records, check node status etc
AERGO Marketplace: Think about Google's playstore on your android phone, or app store on iOs; that's basically what AERGO Marketplace serves as in a nutshell.
The difference being that AERGO Marketplace is a one-stop shop made available for developers so as to enable them key into parallelism in programming by simply purchasing smart contract templates, databases etc instead of having to deploy them from the scratch. Asides from saving time, these resources will help developers focus on visualising new concepts and more innovative ideas. With time, other services and resources such as computing power, storage, content deliver network, document time stamping, machine learning algorithms etc will be made available on the marketplace.
Benefits of AERGO
AERGO eliminates constraints preventing successful integration of blockchain technology with existing IT systems.
AERGOSQL saves developers the stress and time involved in learning a new language, allowing them to write smart contracts easily.
AERGO's governance model ensures participants of high quality of service and improved performance.
Enterprises enjoy the flexibility in switching between public and private blockchains while enjoying the advantages of both.
AERGO makes it possible for enterprises of all kinds to adopt blockchain technology.
AERGO marketplace provides resources and tools to aid developers, consequently trimming down concept to actualisation time.
Summary
Mainstream adoption is one of the primary desires of blockchain enthusiasts, investors and other players in the industry, although, numerous tailbacks associated with the technology has made this seem like an unachievable dream.
AERGO comes into the picture, ensuring that enterprises of all niche seeking to adopt blockchain technology have less to worry about by lowering entry barrier and eliminating constraints through its airtight ecosystem.
TOKEN ECONOMY
AERGO tokens are utility tokens used for transactions within the ecosystem, it has a supply of about 500,000,000. Here's a tabular overview of the token allocation.
PROJECT ROADMAP
TEAM
INFORMATION AND RESOURCES
AERGO Website
AERGO Whitepaper
AERGO Telegram
AERGO Twitter
AERGO Medium
AERGO Wechat
If you have any questions on this project, feel free to ask in the comment section below.
All unsourced images are culled from AERGO's whitepaper