Blockchain has dominated the technology space for the last decade just like the internet has done for the past two decades. Blockchain technology continues to grow both in popularity and in usage as many industries are coming to the reality of the solutions that this wonderful technology offers. Blockchain provides a secure and fast means of carrying out transactions with the use of ledger technology which are super-fast and impossible to hack. These solutions provided by blockchain technology makes it so appealing to many traditional organizations who want to leverage this emerging technology to proffer solutions to the inefficiencies witnessed in their various traditional organizations.

The many benefits of blockchain technology cannot be overemphasized with quite a number of industries already implemented blockchain solutions ranging from finance, health, service etc. However, business implementation of blockchain technology is still quite difficult and this leaves a gap between businesses and decentralized technologies. There are many challenges that enterprises face in trying to adopt the use of public and private blockchain technologies. Let’s examine some of these issues that have prevented the massive adoption of blockchain technology below:

Lack of reliability

IT Integration Difficulty

Software Development Difficulty

Scalability Problems

Interoperability Constraints

Lack of Reliability

Businesses often require stability and reliable IT solutions that won’t be susceptible to attacks when the need for an upgrade of the system arises. Businesses want to be sure that their sensitive information is well protected at all times and this might not be entirely possible when public blockchain goes through processes to modify the underlying technology which is popularly referred to as hard fork. Hard forks have been known to create loopholes in the IT network which may be exploited by attackers to compromise the entire IT network of an enterprise. This is an area that will need to be rectified before organizations would want to massively adopt blockchain technology.

IT Integration Difficulty

Waves of technological advancements have happened over the last 3 decades which have often than not been difficult for organizations to implement in terms of technical know-how, costs, and reliability. Advancements in technologies have meant that businesses had to go through a lot of restructuring which is cost and time intensive. Having to integrate a new disruptive technology like blokchain technology will certainly be difficult to carry out. This is because there will be a need to get a blockchain developer and also the need to migrate their database to a new decentralized cloud all of which very difficult to implement.

Software Development Difficulty

Another major impediment to enterprise blockchain integration is the unwillingness and difficulties on the part of enterprise developers to learn new programming languages. New technology like blokchchain comes with its own programming language such as solidity which is quite difficult to understand. Many of these enterprises do not have the software developer flexibility that will allow these developers pick up new languages in order to be able to successfully implement blockcchain integration and it would be unwise to outsource this delicate task to third-party developers.

Scalability Problems

Furthermore, scalability is another issue that is putting off many organizations from adopting blockchain solutions because many of the current blockchain networks are built for simple scalability problems. Bitcoin and Ethereum are limited in the number of transactions that they can carry out per seconds and similar cases exist for many other blockchain networks. Large organizations demand more IT solutions than what the current blockchain networks can provide and this is a major issue when it comes to enterprise adoption of this amazing technology.

Interoperability Constraints

Lack of interoperability among the various public and private blockchain protocols is still constraining blockchain technology from going mainstream. Many large organizations have implemented private blockchain protocols which are not able to communicate with other private or public chain protocols and this creates difficulties in communication between these networks.

In order to bridge this gap and encourage massive enterprise blockchain adoption, there is the need to have a platform that will seamlessly connect the centralized technologies with the emerging world of distributed server-less blockchain systems. To achieve this goal of mainstream enterprise adoption of blockchain technology, a new decentralized platform that is built for business, developers, system integrators and other key third-parties must emerge having the required technologies and tools which are robust yet simple to use.

Introducing AERGO — Bridging The Gap Between Centralized Organizations and Decentralized Technologies

AERGO is a next generation, open source enterprise blockchain protocol that aims to position itself at the forefront of mainstream IT architectures whereby enterprises and developers across various sectors can build thousands of innovative new products, services and business ecosystems that will run on AERGO. The vision behind AERGO is to have a blockchain platform where enterprises and developers don’t need to bother themselves with the complexities of IT architectures but just focus on developing innovative applications that add values to the end users. AERGO aims to assist business enterprises, developers and other third parties in creating innovative and secure business services.

In order to encourage massive enterprise blockchain adoption, the AERGO team believes that enterprise blockchain integration should as simple and smooth as it can possibly be. This informs the reason behind the creation of an enterprise blockchain platform that hides all the technicalities and difficulties of blockchain integration from developers and end users leaving them with an easy to use interphase that adds value to the whole ecosystem. AERGO is designed to support both public and private blockchain configurations. The core of AERGO architecture is developed by Blocko. Blocko is a leading blockchain firm that has helped some of the world’s leading firms to design and deploy real business systems on a secure blockchain.

AERGO intends to leverage the existing COINSTACK platform which is a fully supported enterprise product developed by Blocko. This will help AERGO to provide a high-performance decentralized platform for development and deployment of dApps.

AERGO aims to achieve a truly enterprise blockchain protocol by introducing these core elements:

AERGO Chain

AERGO Hub

AERGO Marketplace

AERGO Chain

AERGO chain is a newly proposed protocol that consists of global decentralized network of public enterprise blockchains. This chain is run by node providers and built on AERGOSQL which is a smart contract operating on and within AERGO Chain that enables businesses to create innovative business products and services. AERGO Chain is designed to solve the problems currently facing public blockchains by deploying a delegated-proof-of-stake (DPOS​) consensus in order to enhance reliability and quality of service and also improve the privacy of future enterprise blockchains. This chain is designed for optimal scale up and can handle millions of transactions per second. This makes it possible for the AERGO platform to handle any surge in the demand for IT services and helps to solve the major problem of scalability that faces most blockchain networks.

AERGO Hub

AERGO hub serves as the public interphase into the underlying chain. AERGO hub provides an easy to use interphase for enterprise and developers to deploy various dApps that create value on the blockchain. AERGO hub can also be looked at as an interphase through which business enterprises and developers gain access to the AERGO platform in order to deploy their business modules or dApps on. So basically, AERGO is an interphase into the world of AERGO chain capabilities. Furthermore, AERGO hub aims to connect secure dApps with the AERGO. This dApps are securely stored in one of two different repositories which are public repository and private repository. The advantages and capabilities of the AERGO hub are highlighted below:

Support for software microservices

2. A content delivery network (CDN​)

3. A server-less database;

4. Interfaces for smart oracles

5. A smart gateway to intelligently route data traffic/messages into a blockchain

AERGO Marketplace

AERGO also proposes a decentralized marketplace that will serve as a one-stop shop for applications, computing resources and other services that enhance blockchain integration. These resources are expected to be compatible with the AERGO chain. The users of the AERGO platform are business enterprises, developers and third parties such as service providers or independent software vendor. The AERGO marketplace allows these users to develop various applications and other computing services that will be made available for everyone on the AERGO platform. With this, businesses can get all the resources that they need to build and integrate blockchain solutions into their businesses. The aim of the AERGO marketplace is to ultimately lower the barriers to entry into the blockchain world for its users such as enterprises, developers etc.

In conclusion, AERGO is a novel enterprise blockchain protocol that aims to enable businesses and developers to be able to easily deploy their own blockchain applications. The vision of this project is to have a platform whereby, enterprises can easily integrate blockchain solutions without so much hassle. The AERGO platform aims to be the hub that powers the new generation of business services leveraging decentralized technologies.

The AERGO Token

AERGO Token is the proposed utility token that will power the AERGO platform. The AERGO Token will be ERC 20 standard token until mainnet launch and will be used as the medium of exchange within the AERGO ecosystem. These tokens aim to grant the holder the right to certain services available within the AERGO ecosystem.

Token Information

Token Name: AERGO Token

Token type: ERC20 until mainnet

Total Supply: 500,000,000

Token Economics

Proportion of Tokens for Sale — 30%

AERGO community incentives and strategic partners — 30%

Reserved by token issuer — 25%

Advisors and key backers — 10%

Employees of token issuer and affiliates — 5%

Fund Distribution

· R&D — 40%

· Ecosystem incubation — 30%

· Marketing — 15%

· Strategic alliances and business development — 10%

· Miscellaneous — 5%

Team

The AERGO team consists of highly knowledgeable professionals with proven track records and valuable experience in blockchain technology, cloud computing and open source know-how.

Partners

Roadmap

The AERGO Mainnet is scheduled to launch by early 2019 most likely Q1 of 2019.

For more information on Aergo, please visit the following useful links:

Website: https://www.aergo.io/

Whitepaper: https://paper.aergo.io/AERGO_Whitepaper_v5.2.pdf

Github: https://github.com/aergoio

Telegram: https://t.me/aergoofficial

LinkedIn: https://www.linkedin.com/company/teamaergo/

Twitter: https://twitter.com/AERGO_IO?lang=en

Medium: https://medium.com/aergo