The blockchain technology has as a matter of fact impacted the way in which business is done in our world today.
The blockchain technology is the backbone on which the world’s first cryptocurrency, Bitcoin was built. As technology is growing and the blockchain technology is also growing in acceptance, we are now moving closer to a world where it will be possible to build an ecosystem of applications using open networks.
To build interactive user applications and micro-service based applications for the future of the blockchain technology and for enterprise solutions, this would require a change in the core architecture of the blockchain.
Putting Blockchain To Work
The key feature which the blockchain technology has working for it is decentralization, in other words, the democratization of technology.
This will make it possible to create a decentralized architecture of the internet. This will eliminate the interference of any third party in administering networks.
With blockchain systems, it is possible to create a single and universal record of transactions on the network. This also makes it possible for the creation of ledger for digital assets and their associated transactions.
The Challenges of Blockchain Today
There are challenges which are preventing the development and deployment of blockchain in businesses. They include scalability problems which make it difficult to deploy blockchain for large use cases and IT integration difficulty which is as a result of the different layers of complex systems which organizations have developed to deal with the challenges of doing business.
There is also the challenge of lack of reliability which can come from hard forks which can cause astronomical business problems and also increase the vulnerability of business and enterprise IT networks which call for advancements in the technology of blockchain. These challenges and more are what are affecting blockchain today.
AERGO Platform
The AERGO platform was developed to deal with the challenges of blockchain to make it easily applicable to businesses. AERGO is going to do this by working on the architecture of private and public blockchains to build an easy-to-use public blockchain.
AERGO is an open source project which is going to work by using:
· SQL language to code new smart contract for blockchain technology which will boost the productivity of the technology.
· Sidechain Technology which would come at a very minimal operating cost and a stable transaction fee.
· Deterministic DPOS which will enhance performance by maximizing the network stability and which will also increase the service quality.
AERGO is a next-generation enterprise blockchain protocol and with success achieved, AERGO would become one of the core mainstream IT architectures and models used by application developers across enterprises and industries.
The AERGO Technology Team
The AERGO Team is made up of experts in technology with years of experience. The technology team members at AERGO comprise Yun Woo Park with 7 years experience in relational DBMS and Sung Jae Woo with 11 years of experience in relational DBMS buffer cache and IO subsystem development. Others include Pierre-Alain Ouvrard, Kyung Tae Lee and Bernardino Ramos.
Conclusion
Blockchain as a technology has indeed been remarkable despite the obvious challenges which it faces today which have prevented its application in business and enterprise solutions.
However, with the emergence of AERGO there now exists a platform for businesses to enjoy a feature-rich and easy-to-use blockchain platform for development and deployment of blockchain enterprise solutions. For more information click on any of these links; website whitepaper telegram twitter
Author - Coltpython
Bitcointalk
