Aergo—Enterprise class blockchain application pioneer(Review)

Hello guys, I am Coolguy! Today I would like to review Aergo, which is the best project for 2018!

Background of the project:
Aergo plans to become a fourth-generation "enterprise" blockchain protocol that will be combined with IT platforms that use more advanced technologies to help enterprises and developers build and deploy their own blockchain applications.
Most of the underlying technology behind Aergo comes from Coinstack, which is a private enterprise blockchain service provided by its parent company, Blocko. This core technology is currently used by about 40 companies, including the Korea Exchange and Hyundai.
The project team is mainly from blockchain development company Blocko, with sufficient staff and rich experience in blockchain development. It has successfully developed the blockchain commercial application project Coinstack. Aergo will build on Coinstack's technology and build a more multi-chain system with a vision.However, the huge vision also means more challenges. The operation of the public chain system is quite different from that of the commercial private chain and the alliance chain. Aergo not only needs more innovative technologies to enhance its attractiveness, but also needs to seek more. Business cooperation to expand their industry resources and influence.
Both Aergo and Coinstack provide a corporate blockchain platform framework.Coinstack is completely private. Instead, Aergo will use the cloud architecture and the public and private chain networks to create a system that combines the best of both worlds.
Community construction is still in its infancy. As a newly launched project, Aergo's high search popularity and high attention are commendable, but social media and community interaction is relatively low, and there is room for further improvement.
According to the latest round of financing assessment, the overall valuation is moderate compared to similar projects.

Investability Rating:
 Aergo is backed by Blocko, which has built a proven blockchain enterprise product with more than 25 million users worldwide.
 Blocko's project experience and customer network accumulation will promote Aergo and increase the probability of success.
 The growing FAAS market and usage scenarios across multiple industries are potential development opportunities for Aergo.
 One of the early entrants to providing enterprise-level solutions in the public and private blockchain.
 Community construction is still in its infancy, and Aergo's high search popularity and high attention are commendable, but social media and community interactions are relatively low, and there is room for further improvement.

Risk rating:
 Although Aergo is still in the early stages of the project, the information is transparent and the project risk assessment is low.
 Technical papers such as commercial white papers, technical white papers, and smart contract introductions have been released. Although the community operations were lacking, no fraud was found. The team members' information was well disclosed and LinkedIn was available, but some members did not list their position in Aergo.
 The team currently has no part-time members. Blocko has committed to transfer its primary and core developers and business teams to Aergo.
 The situation of the team and the consultant lock is reasonable, and the lock time is twice that of the investor.
 There are currently no MVPs (minimum workable products) and GitHub.
 According to the latest round of financing assessment, the overall valuation is moderate compared to similar projects.

Overview
The Aergo project plan is not just to develop a blockchain, but to develop a fully functional ecosystem that supports companies and developers from all walks of life to develop chain industries. Combined with advanced Internet technologies, Aergo Systems will provide a variety of IT-friendly and easy-to-use technologies that provide enterprises with a cloud architecture that enables rapid deployment of public and private chains. Aergo's core technology is based on the Coinstack blockchain system from Blocko Korea, which has a mature blockchain technology foundation. It falls on the general public chain + multi-chain track.

1. Aergo Chain: Blockchain Public Internet
    Aergo Chain is a new public chain agreement that includes a global decentralized enterprise-class blockchain network. Managed models with delegated state verification (DPoS).
    With the new standard smart contract engine, AergoSQL, advanced smart contracts can be easily created to deliver innovative commercial products and services.
    Aergo Chain can be conceptually considered an open source blockchain operating system.

2. Aergo Hub: Public interaction interface on the Aergo Chain
    Aergo Hub is designed to connect secure dApps with Aergo Chain.
    The dApps will be stored in the Aergo Public Repository and the AERGO Private Repository, respectively.
    Both types of libraries inherit the execution framework and API compatibility tested by the Coinstack industry and are widely recognized by customers worldwide.

3. Aergo Marketplace: A one-stop shop for software applications, computing resources and other services optimized for Aergo Chain.
    The software, computing and other services on the mall will run on the Aergo Chain or other related blockchains, supporting the ecology of the Aergo platform.
    Partner services need to be accessed through the public interaction interface of the Aergo Hub.
    These services will be managed through Aergo Horde.
   Aergo Marketplace provides a one-stop shop for AERGO Chain optimized software applications, computing resources and other services.
   It is recommended to access the AERGO market through the AERGO Hub public interface and manage it through AERGO Horde.
   The process is shown below:
   

summary
The project vision is grand and fierce. Aergo's original model is not uniquely appealing to enterprises and IT developers. Projects need to continuously expand their module libraries and increase their partners to have the opportunity to stand out in many blockchain projects for enterprise-level services. A weaker technological innovation is also a shortcoming of Aergo, which requires active exploration and acceptance of new technologies to increase competitiveness.

Team:
(1) Board of Directors
Phil Zamani
University of Warwick MBA, Blocko (blockchain project) COO, Santander's global big data & cloud business model leader Deutsche Telekom cloud computing senior vice president, focusing on big data, cloud services, Internet of Things.
Hun Young Park
Blocko CTO, former Chief Software Engineer at TmaxData, has extensive expertise in large-scale, high-performance software design, 12 years of experience in relation to DBMS and distributed solutions, research and development in various data platform areas and Al projects. experience.
Roderik van der Graaf
Bachelor of Science in Aerospace Engineering from the University of Hertfordshire, Master of Information Engineering at Queen Mary College, University of London, Founder of Lemniscap (investment consulting firm in the blockchain sector), with financial services such as Deutsche Bank, HSBC, Rabobank and Bear Stearns Business experience.

(2) Core personnel
Won Kim
Bachelor of Computer Science from Boston University, Lemniscap Information Consultant, with 9 years of experience in relational database management with 6 years of experience in distributed systems development.
Jane Lee
With a Bachelor's degree in Hospitality Management from Cornell University, he has 7 years of experience in Accenture's strategic consulting and has extensive expertise in digital transformation and technology commercialization.
Alison Shim
Graduated from New York University in Economics and Communication in 2012, with 5 years of experience in Accenture's strategic consulting, specializing in strategic planning in the market and business development areas.

(3) Technical team
Yun Woo Park
Graduated from Korea University with a major in computer engineering. He has 7 years of experience in database management system and is proficient in database development and Pnncipal software researcher.
Sung Jae Woo
He holds a Ph.D. in physics from Korea University and was a Principal Investigator at TmaxData. He has 9 years of experience in developing DBMS buffer cache and IO subsystem.
Pierre-Alain ouvrard
Graduated from the University of Applied Sciences in Lyon, majoring in electrical engineering, Python, Solidity developer, off-chain scaling and plasma researcher.
Kyung TaeLee
He graduated from Korea Gangwon University with a major in Computer and Communication Engineering. He has 12 years of experience in relational database management system and query engine development, and is proficient in graphical database expertise.
Bernardino Ramos
19 years of software development experience, proficient in SQLite database replication technology, Bin, Lite copy and Lite creator.

(4) Market team
Mason Park
Graduated from Madison University, Wisconsin, with 7 years of advertising and marketing experience, specializing in strategic planning for branding, marketing strategy and execution.
Han Kim
He graduated from Korea Foreign Studies University with a major in social sciences. He has 5 years of experience in public relations development and has excellent cryptocurrency dynamics and ecosystem research capabilities.

Aergo's project team has matured and formed a meticulous division of core personnel, technical team, and commercial marketing team. Currently, the team has reached 15 people, all from the parent company Blocko. Among them, there are 5 core engineers in the technical aspect, and 4 team members are responsible for business development and marketing work. The division of labor is clear and the team cooperation is very advantageous. At the same time, Aergo's technical team has rich technical experience, such as distributed system development, database management, etc. The market team's experience covers consulting, technology commercialization, brand building promotion and other important areas, is a complete match, very A strong team.

Advisors & Partners:
Eddie Alleyn
Graduated from Oxford University, he is a technology entrepreneur and expert in the field of security and secure communications. He spent thirty-five years leading a special project for the British government, the Department of Defense and the Foreign and Commonwealth Office. From 2011 to 2016, he served as Chairman and CEO of HMGCC (affiliated to FCO), responsible for the design, manufacture and integration of the UK government's secure communications and network systems. He is currently an executive and non-executive director of innovative technology startups in the security and cybersecurity arena and serves as a consultant to the SANS Institute. Specializes in leveraging innovative technology and engineering teams to deliver breakthrough security solutions.
Djamel Souici
Djamel Souici is a legal expert in open source technology, licensing and business models, a leading consultant and practitioner of data privacy, and a renowned international negotiator and expert. Djamel is a member of the German Law Society and has represented the first generation of lawyers in innovative software companies for the past 19 years, demonstrating their representation in open source, data privacy and compliance. He has also developed strategic partnerships with a number of Fortune 100 companies in various areas such as elections, financial services, government, automotive, manufacturing, petrochemicals, logistics, retail and healthcare.
Vincent Zhou
Founding Partner of FBG Capital, with extensive experience in digital asset trading and investment, is an early investor in various blockchain companies and projects and is considered to be the closest and far-sighted crypto hedge fund manager in Asia. One.
Joon-HongJake Kim
Holds a Master of Business Administration degree in Business Administration from the School of Business Administration. Jake Kim has a deep understanding of capital markets and strategic business development. He has extensive experience in systems engineering and back-end computing. He is now Avapital Capital and CurrutururrimeMundMaR in Seoul, specializing in corporate venture capital and M&A activities, specializing in corporate construction and (Optional) Angel investment. He is an experienced start-up investor, consultant and entrepreneur with more than 20 years of experience in capital markets, consulting and large back-end and intermediate systems development.

Vincent Zhou is a founding partner of FBG Capital and has extensive experience and contacts in digital asset trading and investment to guide and connect investors to the project's early ICO process. Jake Kim is an experienced start-up investor, consultant and entrepreneur with more than 20 years of experience in capital markets, consulting and large back-end and intermediate systems development, providing technical guidance for product openness. Djamel Souici is a legal expert with strategic partners in the elections, financial services, government, automotive, manufacturing, petrochemical, logistics, retail and healthcare industries, and can connect many client resources to the project side.
On the partner side, Blocko is a blockchain infrastructure provider that provides customers with digital identities, digital signatures and a variety of blockchain-based services and applications. Many members of the team have experience at Blocko.
Aergo's core technology is based on advanced open source technology and Blocko Inc.'s Coinstack, a leading blockchain technology and enterprise IT integration services company with operations in the UK, Korea and Hong Kong. The Coinstack-based blockchain system has been deployed to 25 million users in more than 20 production systems, including some of the world's largest companies, such as Samsung, Hyundai-Kia Motors, Lotte Card and Shinhan Financial Group, Korea's largest financial services company; Similar cases include local government electronic voting, and small startup trading services provided by the Korea Stock Exchange.
From 2015 to 2017, Blocko has received $4.7 million in seed and early venture capital funding. In 2015, Blocko released Coinstack, a BaaS solution for the enterprise, allowing the development of dApps on the private blockchain with its software development kits and technology stacks. Coinstack is used by more than 20 corporate customers, including Korean banks and credit card companies.

summary
Through official channels, we learned that the team currently has no part-time staff and is full-time. Blocko has committed to transfer its primary and core developers and business teams to Aergo.
The consultant has a well-known domestic FBG founder Zhou Shuoji as a project consultant, and also a founder of the blockchain investment consulting company Lemniscap, Graaf, who has worked in many international banks.

Project summary:
The entry point for bridging the public and private chain platforms is relatively new and combined with the characteristics of interoperability, which can greatly expand the use of distributed general ledger technology, which will exceed the current application limited to independent networks. Although the current cross-chain technology is not mature, there will be many difficulties in the process of technology development. However, the AERGO project has COINSTACK's accumulated experience in technology and experience, making the project an incomparable advantage over other projects. And the team is basically from the parent company Blocko, who is familiar with the business model, experienced and complete. The most important thing is to have ready-made customer resources. Their recognition is the biggest affirmation of this project, and the later promotion will become relatively simple!

Useful links:
Website: https://www.aergo.io/
Telegram: https://t.me/aergoofficial
Medium: https://medium.com/aergo
Twitter: https://twitter.com/AERGO_IO?lang=en
Wechat: https://mp.weixin.qq.com/mp/profile_ext?action=home&__biz=Mzg4NjAxMzg4NQ==&scene=124#wechat_redirect
Technical whitepaper: https://paper.aergo.io/AERGO_Chain_Technical_Whitepaper_V1.0.pdf
Business whitepaper: https://paper.aergo.io/AERGO_Whitepaper_v5.2.pdf
SQL: https://paper.aergo.io/AERGO_SQL_Whitepaper_V1.0.pdf

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