Blocko, a South Korean

startup backed by Samsung, has launched its hybrid blockchain Aergo Enterprise and

initiated a migration program for clients using its private blockchain product Coinstack,

which the company will officially be retiring, it said in a release earlier

this week.

Aergo Enterprise focuses on providing greater levels of

security, scalability and performance, and its hybrid approach allows for the

exchange of assets such as information, tokenized goods, and supply chain

registries between blockchains using Merkle Bridges, as well as increased data

integrity, the company says.

Features of Aergo Enterprise include simplified administration

with easy-to-integrate, one-click provisioning of custom blockchains as well as

simplified cloud system orchestration, easy monitoring with a dashboard,

transaction and block history, as well as resources and asset monitoring for

independent blockchains, extended node management systems for more configurations

and settings such as managing permissions and deleting data, development kits,

pre-built applications, and around-the-clock support.

Aergo Enterprise runs on the Aergo main network, an open,

permissionless system for enterprise launched

earlier this month. Non-profit organization Aergo Organization is responsible

for promoting and developing the Aergo ecosystem.

“We’ve been supporting Aergo Organization in the design and

construction of the Aergo platform for a full year. After a long and intensive

R&D process, we are excited to finally launch our largest product to date,”

said Won-Beom Kim, founder and CEO of Blocko. “Our existing customers will be

able to complete the migration program with ease and switch to our hybrid, high-performance

blockchain network setup to achieve greater levels of security and scalability,

while expanding their use cases.”

Founded in 2014, Blocko is a commercial blockchain

infrastructure provider and a leading blockchain startup in South Korea, serving

more than nine million users through various blockchain applications.

In the past five years, Blocko has built over 20-full scale

blockchain implementations on private and public blockchain ledgers for

purposes of inter-organizational communication. Some examples include a single

sign-on service for subsidiaries of the Shinhan Financial Group, an e-document

stamping system for all employees of Hyundai Motors, and other management

systems for Samsung Card to facilitate interactions with foreign entities.

In March, the company announced the implementation of a

blockchain solution it developed for land registry in South Korea. The Land

Registry Project, an initiative from the South Korean government aimed at using

blockchain to improve various public service sectors, seeks to eliminate costs

associated with document forgery and sensitive information leaks by

implementing blockchain technology.

The platform passed its initial testing phase and is planned

to move towards a full-scale implementation scheduled to take place throughout

the course of the year.

Blocko secured

US$8.9 million in its latest round of funding in June 2018 to strengthen its

presence in South Korea as well as in Europe and East Asian markets.