The connection between Aergo and Blocko; it’s really a symbiotic one. There’s a truth behind the partnership as this power couple is en route to revolutionize one of the most compelling aspects of the space: Enterprise Blockchain. It’s uncanny that it’s not just a mere few who aren’t familiar with the Korean rooted duo; and it is really out of my own excitement to want to elaborate on why these companies, offer more than what meets the eye. Further, to detail on both the solutions they bring to enterprises, before diving deep into their relationship.
For starters, the need for Aergo as a blockchain solution comes from the knowledge that enterprise adoption of blockchain remains nascent and filled with skepticism. ‘It’s a slower database’ claim “CryptoCurrency Experts”. Now, we do have giants such as IBM & R3 pouring resources into their own technologies; ie, Hyperledger and R3 Corda. Often times, they're real benefits to consider such as trust, transparency and security, hence, enterprises should have some degree of interaction with a public network. By utilizing a permissionless blockchain that is decentralized and open to all parties. Aergo attempts to cater to that need in an extraordinary way by essentially, introducing a hybrid blockchain that take benefits from the advantages of a private & public blockchain
Aergo presents itself as a blockchain solution, catering to the enterprises who intended to integrate blockchain to day-to-day operations. Businesses can now deploy their own Blockchain, controlling the paraments that lets them decide what type of public chain, a private chain, or hybrid chain on top of the public network. In doing so, Aergo brings to enterprises the best of both worlds – private and public – blockchain solutions. The platform is further supported and developed by Blocko, a Blockchain-as-a-service provider whereas Aergo is based on open source technology.
As part of this review, will be covering each of the solutions provided by Aergo and we’ll explore their flairs and interdependent features.
AERGO – Fueling Enterprise Blockchain
As previously mentioned, Aergo intends to place itself as a worthy contender for enterprises to explore blockchain solution with confidence. While it is no secret, that some of Fortune 500 companies open themselves up to blockchain in the past few year, the lack of adoption is proof that existing private-blockchain solution have made little to no progress. Enterprise IT seeks for the security of data, transparency of operations, low risk of operations while remaining cost-effective. Now, readers would know that these are attributes spread across private and public chains. While either of the chains will be robust, the security of information and risk of hard-forking because of consensus algorithm chosen will remain high in public chains. At the same time, enhanced privacy and security can be assumed to be true in a private chain; but it would be rather cumbersome and costly to run the entire chain. As an upcoming project, Aergo is set to address existing problems.
AERGO is in a place where cloud infrastructure was about a decade back. Enterprises could choose to have a private cloud infrastructure or public infrastructure in a data centre or choose a combination of both private and public infrastructure. Aergo using distributed ledger technology, and hence it’s easy to see its chances of success.
The following is a pictorial representation of how Aergo is envisaged to be in operation:
AERGO further makes the blockchain simpler for enterprises. One of the biggest barriers when it comes to Blockchain development is the expectation of having to pick up a new programming language that developers have to learn to run & deploy a Blockchain/smart-contracts/dApps. Aergo minimizes this by using the current coding languages and technologies wherever possible. For example, the AERGOSQL is the language for coding the smart contract based on the well-known SQL language. Finally, the default consensus language used by Aergo is DPoS which is more robust than the Proof of Work (POW) or Proof of Stake (POS) algorithms. Besides, side-chains allow Aergo to process more transactions per second as compared to traditional blockchain solutions like Bitcoin (6-7 transactions per second) or Ethereum (12-13 transactions per second).The best part, though, is that enterprises can choose to have their own consensus algorithm based on their business needs. In other words, Aergo does not bind enterprises to use the DPoS algorithm but allows them to choose their own version based on their needs.
So, where does Blocko fit in the whole scheme of things? Well, it is not rocket science to realize that the in-house IT systems will work along with the deployed blockchain, so how will the Aergo platform speak with the legacy IT? You guessed it right. Through Blocko, the service provider for Aergo’s open source platform. But Blocko has done a lot more than you think in the past 5 years.
First, let’s get to know Blocko.
Blocko, did we say?
Yes, we did. Blocko is a leading commercial blockchain infrastructure provider supporting over twenty enterprise clients, with a solution in place that estimated to be serving more than twenty-five million end users daily.
Here's a look at their enviable client list:
Here is a look at the Coinstack Platform:
Through Coinstack, Blocko provides enterprises a core blockchain infrastructure which enterprises can utilize to build their own custom blockchain. Blocko, therefore, has gained tremendous enterprise confidence, and most of them are globally renowned brands having their roots in Korea.
So, how do Blocko and Aergo come together?
Let’s look at that to
Aergo and Blocko – The Perfect Blockchain Blend
Aergo takes the Blocko proposition to the next level by making the proposition as an end-to-end, open source hybrid blockchain platform. In doing so, Blocko and Aergo can mutually support each other’s solution. Blocko can also talk to their clients about Aergo as an enhanced solution from its portfolio.
The time tested credibility that Blocko has already acquired by working with enterprise clients is extended to Aergo. Therefore, any apprehension that enterprises would have can be easily addressed. One of the core strengths of the Blocko solution, or Coinstack to be precise, is its ability to interface with legacy IT systems and in the process enabling Aergo to interact with legacy enterprise IT easily.
Many more benefits are expected to accrue because of this association, and few of the benefits of Blocko’s enterprise know-how contributing to Aergo and vice-versa are mentioned below:
1. Knowledge that Blocko has acquired from their work with the twenty enterprise customers can be shared with Aergo
2. Aergo Protocol will have Coinstack as its foundational element allowing many existing benefits like APIs for backward integration to be readily available for Aergo
3. Blocko will bring to the table robust deployment frameworks which will benefit Aergo in taking the proposition to future clients. These could include proven deployment as much as innovative use-cases
4. Blocko can take Aergo to its existing customers as an enhancement of their blockchain solution. Aergo’s solution would be important for those customers who moved away from public chains due to lack of privacy and operational control
5. Blocko having a head-start can actively market Aergo and support its implementations. As such, enterprises will be confident that the implementation will be backed by a team which has already done it before.
6. Blocko with its established Research and Development and technological progress enable them to be the strategic technology partner of Aergo. Blocko can bring to the table all the IT integration learnings and solutions that were developed for its enterprise customers. In fact, Blocko will develop a few core key technologies for Aergo. These include:
a. A super-fast and efficient blockchain protocol
b. A new powerful SQL smart contract engine
c. Advanced IT Integration APIs
d. Easy to use developer tools and many more
7. Blocko’s existing partners, other than Aergo, can also join the Aergo ecosystem in developing and deploying the Aergo platform. Few partners of Blocko have already evinced such interests, and Blocko is more than happy to have all of them to work together
These are a few of the benefits that are visible for the close working of Aergo and Blocko. The coming together of two innovative blockchain platforms augurs well for Enterprise adoption of the future.
The individual strengths of Aergo and Blocko are enhanced multiple times through collaboration and co-operative action. The blockchain platform that comes forth has the benefits of being open-source, capable of working in multi-chain systems at the front-end because of Aergo, while Coinstack’s robust interconnecting private layer opens up integration opportunities for Aergo with an enterprises’ legacy IT, which in turn makes their back-end systems more efficient, and stable. The association therefore has the potential of taking the IT industry to the inflection point from where enterprises will tip towards the blockchain as a sought after IT solution.
The future of enterprise blockchain, therefore, looks promising because of the Aergo platform powered by Blocko
This Post first appeared on CryptoPurview