Blockchain technology is no longer limited to cryptocurrency. Its use has now spread to enterprise, finance, healthcare, manufacturing and government sectors. The center of this digital revolution has some special projects that are playing a leading role in replacing the traditional business system with blockchain based solution. One such project is Aergo.
Aergo is an open-source, enterprise-level blockchain platform that supports both public and private blockchain architecture. Its most special thing is that SQL and Lua It has been used which makes smart contract development simple, fast and more practical.
What is Aergo?
To aergo Blocko The South Korean Blockchain Technology is developed by the company, which Samsung Has supported Aergo aims to create a blockchain platform that can convert traditional trading into a decentralized system, in an easy language, Aergo is a bridge that connects the traditional IT system to blockchain technology.
Aergo’s architecture is divided into two parts:
-
Society Blockchain (Aergo Mainnet) -This network byzantine fail-Telegated Delegated Evidence-OF-STAKE (BFT-DOS) consensus. It gives a great mixture of security and scalability.
-
Non-Public Blockchain – Aergo also supports private blockchane networks, which based on RAFT algorithm Evidence-of-authority (POA) Uses consensus. Companies can customize it according to their needs.
Aergo’s Lua Integrated with Smart Contract Language SQL Is, which makes developers easy to make applications in a well-known technology.
The main features of aergo
Some of its special capabilities make Aergo different from other blockchain platforms:
-
Hybrid Architecture – The biggest advantage of Aergo is that it supports both public and private blockchain. This means that any organization can choose private or public blockchain according to its requirement.
-
SQL Support – Aergo is a boon for developers who already know SQL. Smart contracts are easy to integrate with data management through SQL.
-
On -chain governance – aergo – Aergo has its own governance system, where users participate in voting and selection of block producers in the network. This makes the network more democratic and community-driven.
-
Enterprise Ready Infrastructure – Scalability, security and low-cost infrastructure have been prepared in Aergo keeping in mind large companies. From telecom companies to automobile sector, all can use it.
Aergo’s major significance institutes
Aergo’s technology has been used in various industry. Some of its major real-world uses are given below:
Lotte Card – Fingerprint Verification System – Aergo’s biggest use case is Lotte card Fingerprint credit card verification solution adopted by. This solution was prepared using LuA and SQL based smart contracts. outcome? Lotte Card of its manual security cost 90% rescue Did.
Hyundai Motor Team – Supply Chain Tracking – Aergo is used by Hyundai for supply chain tracking, where it has become easier to verify the genuity of the parts of the vehicles.
POSCO and Korea Store Trade – Documentation and Data Verification – Aergo has been used by these companies for data integrity, share transaction recording and documentation verification.
Banking Sector – Shinhan Cupboard- Institutions like Shinhan Bank are making transaction tracking and anti-fraud methods easier through Aergo.
Use of Aergo Token
Aergo Community is the main token Aergo Token. It is used for various purposes:
-
In the operation of smart contracts
-
For voting in governance
-
Block producers to stack
-
For payment of network fees
-
Blocko’s upcoming Aergo Endeavor Products
As the ecosystem of Aergo is increasing, the utility of Aergo Token is also increasing.
Blocko’s contribution and Aergo’s future
BlockoIt is the major company behind Aergo which is among various government and corporate projects in South Korea. Blocko has a deep experience of blockchain deployment, and is bringing interpressed solutions through Aergo.
All the upcoming Blocko’s upcoming products will be based on Aergo Technology and will require Aergo Token. This means that as the business of Blocko increases, the demand for Aergo Token will also increase.
Conclusion
AERGO is a multi-prostitute, scalable and enterprise-centric blockchain platform. Its biggest strength is its hybrid model, SQL Backup and Experienced company like Blocko. Today Aergo is being adopted on a large scale in Finance, Manufacturing, Telecom and Government sector.
Aergo has proved that if Blockchain generation If designed correctly, it can become a commercial solution of real-world issues. In the coming years, Aergo and Blocko’s partnership can give us even more innovation to see.
If you are thinking of stepping into the world of blockchain, especially with enterprise focus, then Aergo There can be a great start for you.
