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What is Aergo?
Aergo is an open-source enterprise blockchain platform optimized for hybrid deployments, combining permissioned and permissionless blockchain architectures. It supports SQL for easy data handling and offers familiar smart contract programming for developers. The platform is developed and utilized by Blocko, a Samsung-backed South Korean blockchain technology company. Blocko has successfully deployed production blockchain solutions for major clients such as Lotte Card, Shinhan Bank, Korea Exchange, Hyundai Motors, and more.
What are the use cases of Aergo?
Aergo is designed for enterprise use cases and provides infrastructure for hosting DApps based on the Aergo Chain. It offers a smart contract engine that supports Lua and SQL. Private blockchains on the Aergo platform use a Proof-of-Authority consensus mechanism powered by the RAFT algorithm, while the public blockchain network, Aergo mainnet, uses a Byzantine Fault-Tolerant Delegated Proof-of-Stake mechanism. Users can pay enterprise-grade cloud providers, such as large telecommunications firms, to host their private blockchains on dedicated nodes and manage block producers through the platform. Lotte Card has deployed a solution using Aergo's Lua smart contracts with SQL integration for fingerprint credit card verifications, resulting in a 90% reduction in manual security expenditures. Other clients include POSCO, Korea Stock Exchange, Shinhan Bank, and Hyundai Motor Group.
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What is Aergo?
Aergo is an open-source enterprise blockchain platform optimized for hybrid deployments, combining both permissioned and permissionless blockchain architectures. It supports SQL for easy data handling and offers familiar smart contract programming for developers. The platform is developed and utilized by Blocko, a South Korean blockchain technology company backed by Samsung. Blocko has successfully deployed production blockchain solutions for major clients such as Lotte Card, Shinhan Bank, Korea Exchange, Hyundai Motors, and more.
What are the use cases of Aergo?
Aergo is designed to cater to enterprise use cases and provides infrastructure for hosting DApps based on the Aergo Chain. It offers a smart contract engine that supports Lua and SQL. Private blockchains on the Aergo platform utilize a Proof-of-Authority consensus mechanism powered by the RAFT algorithm. The public blockchain network, known as the Aergo mainnet, operates on a Byzantine Fault-Tolerant Delegated Proof-of-Stake mechanism. Users can use the platform to pay enterprise-grade cloud providers, such as large telecommunications firms, to host their private blockchains on dedicated nodes and participate in voting and managing block producers.
Blocko's future services will be based on Aergo Enterprise products, which require AERGO tokens. An example use case is the solution deployed by Lotte Card for fingerprint credit card verifications. This solution utilizes a version of Aergo's Lua smart contracts with SQL integration and reportedly saved Lotte Card 90% of their manual security expenditures for fingerprint authentication. Other clients of Aergo include POSCO, Korea Stock Exchange, Shinhan Bank, and Hyundai Motor Group.
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