Blocko has launched a blockchain product, Aergo Enterprise, which unlocks unprecedented levels of data integrity and data silos This comes as it announces it is retiring its existing product offering, Coinstack, in favour of Aergo Enterprise.
“We’ve been supporting Aergo Organization in the design and construction of the Aergo platform for a full year. After a long and intensive R&D process, we are excited to finally launch our largest product to date,” said Won-Beom Kim, founder and CEO of Blocko. “Our existing customers will be able to complete the migration program with ease and switch to our hybrid, high-performance blockchain network setup to achieve greater levels of security and scalability, while expanding their use cases.”
Aergo Enterprise extends beyond a private blockchain infrastructure to create a hybrid blockchain model. The objective is to enable organisations to unlock efficiency, security, and value. To accomplish this, Aergo Enterprise focuses on:
- high performance
- efficient consensus
- ease of development
- addressing the complexity of blockchain implementation (by providing the tools needed to make deployment easier).
The hybrid approach provided by Aergo Enterprise differs from existing blockchain products like Hyperledger, Corda, and Coinstack, which are completely private. Instead Aergo Enterprise’s hybrid approach will enable:
- open data silos: exchanging assets – such as information, tokenised goods and supply chain registries between blockchains using Merkle Bridges – will improve B2B; the Aergo main network will settle transactions ‘trustlessly’
- increased integrity: data and transactions will establish hashes of independent blockchain data onto the Aergo main network – which is an immutable public blockchain.
Aergo Enterprise features
Claimed features offered with Aergo Enterprise include:
- simplified administration – via familiar, easy-to-integrate, one-click provisioning of custom blockchains
- simplified cloud system orchestration
- easy monitoring: this integrates with Hub Enterprise and Aergo Enterprise provides the dashboard, transaction and block history – as well as resources and asset monitoring for independent blockchains
- usable development kits: this offers SQL/PL-like programming and data handling plus an integrated development environment for smart contracts
- node management: there is extended node management systems covering more configurations and settings, such as managing permissions and deleting data
- identity authentication
- document management
- smart contracts
- IoT support.
Pre-built applications will derive from already developed applications built on Coinstack. These are in use by large-scale companies. For example, many of the Korean customers with which Blocko has previously worked with to deploy blockchain solutions will have the option to upgrade to Aergo Enterprise. As part of this, Blocko is initiating a ‘Coinstack-to-Aergo-Enterprise’ migration program.
Blocko and Hyundai
Hyundai Motor Group’s ICT subsidiary Hyundai AutoEver and Blocko have signed an MoU to build a blockchain platform for tracking the history of used cars available for purchase, while developing and promoting various businesses in the automotive industry. Through this, the partners will develop a Blockchain-as-a-Service (BaaS) platform for tracking vehicle history in a cloud, including:
- previous owner data
- a car’s age and mileage.
The platform will use smart contracts and other blockchain features to deliver a product that customers within the automotive business can easily use. Additionally, Hyundai will integrate blockchain into its many business components such as:
- automotive logistics
- part manufacturing
- an in-house token economy (for users throughout its internal operations).
Hyundai plans to extend the platform to other areas in the auto field that are expected to yield great potential in the future, for example in:
- vehicle lifecycle management
- UBI (Usage-Based Insurance)
- MaaS (Mobility-as-a-Service).
“I believe that blockchain technology will introduce the next IT revolution into the automotive industry,” said Lim Jae-Woo, Hyundai AutoEver’s Team Manager.
“We will work together with Lambda256, another blockchain developer, to build and expand Hyundai AutoEver’s blockchain lifecycle system through proven technologies and specific use-cases,” said Won-Beom Kim, CEO of Blocko. “We have laid a strong foundation to build a use-case specific blockchain that tracks cars throughout an entire automobile’s lifecycle: from its purchase, operation, management, and sale.”
Enterprise Times: what does this mean
Along with Orbs, Lamden, Ultrain, Sawtooth and others, Blocko’s Aergo Enterprise seeks to advance a range of tools available for blockchain development. For enterprises this is welcome. For too long blockchain has remained too obscure for realistic implementation, except by blockchain geeks.
As Enterprise Times anticipated, 2019 is seeing a plethora of blockchain development tool offerings. Better still, many of these embrace SDKs matched to specific blockchains. In time, Enterprise Times expects the better of these blockchain development suites to move beyond their specific blockchain implementations to become more broadly applicable and without blockchain lock-in.