The blockchain is an invention that introduces for the first time, an incorruptible digital database of transactions that does not suffer from the points of failure (as well as security issues) found in traditional databases. Blockchain technology provides three major characteristics that are important for businesses: Security — Transparency — Trust
However, the use of existing blockchain solutions creates many problems for existing businesses. This is mainly due to missing capabilities and the lack of control over key features of blockchain. As such, most projects are only used for simple proof-of-concept test-cases. Despite many such projects, the evolution of the blockchain stack (for serious business usage) has stagnated. Difficult enterprise IT integration and a lack of developer-friendly and easy-to-use software tools are major factors here. Many implementations also lack the enterprise grade capabilities that are critical to run real business applications in both private and public deployments.
AERGO aims to advance enterprise blockchain, by opening up a new era of mass market usage of blockchain. An era where businesses can easily benefit from both public and private blockchain innovation, allowing them to focus on building, deploying and managing new services. In short, the AERGO Project aims to provide, 1) advanced, yet friendly and easy to use technology for a very broad range of developers and contractors, 2) a secure and fast public and private blockchain cloud architecture that is built for businesses, and 3) an open ecosystem for third parties, developers and businesses to connect and engage in.
AERGO’s platform will enable enterprises and developers to easily design, build and deploy their own blockchain applications within the cloud. The platform offers the possibility for creators to tailor their blockchain and applications to their needs, by giving them the choice to run across either a public or private network. By being able to leverage and combine the different characteristics, found in public and private blockchains, enterprises and developers have maximum flexibility and choice, when designing innovative applications and services. Hosting everything on a secure distributed cloud network, removes significant cost and other overheads faced by businesses when they typically establish their own physical infrastructure to run blockchain protocols and applications.
Please read our Whitepaper for more details: https://paper.aergo.io/AERGO_Whitepaper_v5.2.pdf
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What challenges and difficulties we might face? And what advantages and opportunities we have?
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