Why’s Blockchain for business? Why’s AERGO?

Hello world,

I’m Mr.H and this is my first post. In this post, unlike the reviews of others, the posts with boring repetition about AERGO. I wouldn’t go into detail on technology because it was if too obvious above their Website, people can review it here: https://www.aergo.io/developer/tech. But, I assert that their technology is good enough to be applicable to every corner of the current industries, at least until 2030.

I. What’s AERGO?

AERGO is the Blockchain for Business, a proposed blockchain designed to mitigate issues currently experienced with public blockchains. It aims to include an SQL based smart contract platform as well as advanced features, such a distributed version and concurrency control.

II. Problems, Barriers:

1. Problems:

- At present, the transactions of industries are very expensive, still using documents, papers, manual, not seamless and not transparent, leading to heavy losses in many industries.

- Outdated technology over time, slow growth.

- The COVID epidemic has led many industries to face a serious decline in revenue and this is the time to start a process of technology transformation and innovation.

2. Barriers: Enterprises are scared to start a new technology like DLT/Blockchain:

- Loss of control.

- Loss of competitive advantage.

- Complexity of coordination.

- Sacrificing security and privacy.

- Challenge of integration with legacy systems.

- Betting on the wrong platform.

III. DLT/Blockchain and AERGO missions:

- DLT adoption will change the business landscape:

By implementing DLT based solutions, enterprises can capture the value lost to transactional friction, lack of ecosystem visibility, and data decay. They will also eventually be able to participate in the 10% of global GDP to be stored on blockchain by 2027 that The World Economic Forum forecasts and the $3 trillion in annual business value that Gartner expects will be generated because of DLT by 2030.

- DLT adoption will also:

+ Decrease financial services infrastructure costs between $15 billion and $20 billion per annum by 2022.

Source: https://www.pwc.com/m1/en/media-centre/articles/blockchain-new-tool-to-cut-costs.html

+ Save businesses in Western Europe $450 billion in logistics-related costs.

Source: https://cointelegraph.com/news/study-blockchain-to-save-450b-in-supply-chain-costs-in-western-europe

+ Drastically reduce the $140 billion lost annually in wasted resources and duplication of effort as a result of disconnected data.

Source: https://www.snaplogic.com/resources/white-papers/high-cost-disconnected-data

- About AERGO:

+ AERGO and some other Enterprise Blockchain have realized this and are building themselves an Enterprise Blockchain that is good enough, competitive enough, easy to scale, upgradeable, has many options for data privacy, compatibility. With existing IT systems, easy to use, reducing transaction costs and transaction transparency to minimize loss.

+ BLOCKO has had a development period of 6 years since the first version called Coinstack, and they are considered one of the big names in the industry. And AERGO is called Coinstack 2.0 with the mission of inheriting the best from Coinstack and upgrading to a complete and excellent version, so that it can become one of the new “Game Changer”.
Source: https://en.blocko.io/media/from-coinstack-to-aergo-south-koreas-enterprise-blockchain-sector-is-on-the-rise/

IV. Adoption:

- The application process of Blockchain/DLT to enterprises consists of 5 stages::

1. Companies begin piloting use of Blockchain Technology. (We are here!)

2. Global companies start adopting Blockchain.

3. Early adopters begin to benefit.

4. Majority of corporations have Blockchain projects in production.

5. Widespread adoption of Blockchain.

Source: https://www.goldmansachs.com/insights/pages/blockchain/

- Currently, enterprise blockchains are in stage 1.

- The data submission process of companies and corporations takes 6–18 months to complete. For large corporations it can be up to 24 months.

V. Price and Core Values:

1. Price: Called a low cap gem. Max cap; ~ $ 20M.

- Max/Total Supply: 500,000,000 AERGO

- Circulating Supply metrics over the next five years (2020–2024).

+ 315,809,189: End of 2020 (63.2% of supply)

+ 328,309,189: End of 2021 (65.7% of supply)

+ 340,559,189: End of 2022 (68.1 of supply)

+ 352,059,189: End of 2023 (70.4% of supply)

+ 363,309,189: End of 2024 (72.7% of supply)

2. Core values:

- By 2025, the business value added by blockchain will grow to slightly more than $176 billion, then surge to exceed $3.1 trillion by 2030, according to a recent forecast by Gartner.

- Statistics Coingecko has about 5,900 cryptocurrencies. But, I only approximate 5% is a blockchain project of real application in the next 5 years. So, 5% * 5,900 = ~ 300.

+ 2025: Blockchain in general has a core value of $176B (Business value added by Blockchain)

=> $176B / 300 = ~ $600M Avarage.

+ 2030: That value increases to $3.1T, and real blockchain projects are expected to increase to 600

=> $3.1T / 600 = ~ $5B Avarage.

- Aergo TSA: is a web timestamp service that easily verifies authentication using the Aergo Mainnet, which can become Blocko’s strategic weapon, because data tampering is an issue. worldwide throbbing pain. Moreover, its areas of application are really the most essential industries and it can help save a lot of costs for applied businesses, they are: Digital Copyright, Enterprise Business, Research and Project Data, Development Code Audit and Proof, Healthcare Industry, Financial Data.

VI. Potential:

Market of Aergo is focusing:

By 2021, 90% of current enterprise blockchain platform implementations will require replacement within 18 months to remain competitive, secure and avoid obsolescence, according to Gartner, Inc. By 2025, the business value added by blockchain will grow to slightly more than $176 billion, then surge to exceed $3.1 trillion by 2030, according to a recent forecast by Gartner.
Source: https://www.gartner.com/en/newsroom/press-releases/2019-07-03-gartner-predicts-90--of-current-enterprise-blockchain

VII. Highlight:

- Partner with Satoshipay to create a payment system and exchange electronic money and fiat money on Aergo. (Strategic partner from February 17, 2019).

Source: https://medium.com/aergo/aergo-partners-with-satoshipay-5b923151323

- About to bring data of Huyndai AutoEver to Public chain (Signed MOU on April 24, 2019). It is expected that October 24, 2020, will go to the main network, by the end of 2020 at the latest.Source: https://news.hmgjournal.com/MediaCenter/News/Press-Releases/%EB%B8%94%EB%A1%9D%EC%B2%B4%EC%9D%B8-%EC%84%9C%EB%B9%84%EC%8A%A4-%ED%94%8C%EB%9E%AB%ED%8F%BC-%EA%B0%9C%EB%B0%9C-%EC%B6%94%EC%A7%84

- The performance of AERGO Enterprise 2.1.0 was officially measured by the Telecommunications Technology Association (TTA) (27/12/ 2019). Result: AERGO Enterprise 2.1.0 contract call resulted in 3,788.8 TPS (Transactions per second) when running 300,000 transactions simultaneously on a private blockchain with Raft consensus.

Source:https://medium.com/aergo/telecommunications-technology-association-tta-measures-aergo-enterprise-performance-d02f553f80d8

- Announced cooperation with Samsung Blockchain to transfer existing apps of Samsung to dapps and do Defi on KRW (Won) of Korea. (Signed agreement on July 21, 2020).

Source: https://chainbulletin.com/blocko-becomes-samsung-blockchain-wallet-dapp-sourcing-partner/

- Inherit the customer file from Blocko with the previous product Coinstack and E24P (signed MOU with 38 customers), including: LotteCard, Korea Exchange, JB Bank, KISA and Paygate, IRTI, Kakaotalk, Realty Bank, etc. .

- Backers: Sequoia Capital China, Samsung Ventures, NGC,…

- Phil Zamani has had success with Linux and Redhat for 10 years. And Phil Zamani confirmed the same with Aergo and Blocko.

VIII. Conclusion:

- After every 25 years, there will be a cycle of technological innovation, we need to capture it, embrace the technology, invest in the right project, the true nature of the new technology and the right core values.

- Good software takes 10 years to develop, succeed and widely adoption. So we need to be patient.

Source: https://medium.com/aergo/the-aergo-mainnet-is-live-5dfa7d9c2665

Look at Innovation! Investing in Blockchain for Business and Internet 2.0!