Overview of ICO Aergo: From Business Idea to Competitors and Challenges on the Market

in #blockchain6 years ago

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The emergence of the business idea of ​​the project. Most blockchain platforms for smart contracts neglect the infrastructure for developing and deploying dApps (decentralized applications), which leads to their slow work, high operating costs, and incompatibility with IT systems. AERGO aims to allow businesses and developers to easily develop, create and implement their own software for blockade within a cloud environment. With the possibility of introducing private, public or hybrid blocks, AERGO offers developers an individual and flexible solution.

The Blockchain platform in the corporate environment is not a new idea, but AERGO seeks to differentiate itself by speed, easy-to-use platforms and IT integration support. The AERGO Chain will also have AERGO Hub - BlockCheck interface for creating and managing block applications and the AERGO Marketplace trading platform, which will allow developers to buy or download their own code to the AERGO market and use it in the Hub and Chain, virtually turning AERGO into "Single whole" for development.

The AERGO project was created on the basis of the existing Coinstack platform from BLOCKO, which offers a great advantage by providing a comprehensive framework for developing and deploying decentralized applications in secure and high-performance cloud architecture architectures.

Market and competition. There is a large niche in the market for AERGO with high demand for decentralized applications that requires simple and scalable block decisions. There is a high competition here, but the space for a competitive market share is also evident. Global IT spending at the end of 2017 amounted to $ 3.5 trillion, and it is expected that by the end of the year they will exceed 3.7 trillion. dollars

At the crypt-currency market, competition is also plentiful. In particular: QTUM, ICON and AION. However, we all know what volatility usually causes such solutions because companies and developers can not easily use them.

AERGO seeks to win over its competitors through the first platform with key features and concepts that are familiar to developers. It is an advanced and at the same time easy to use technology and fast public / private cloud blockade architecture.

Competitors, although not directly linked to AERGO, have succeeded in the market. For example, ICON has more than a 12-fold increase in the dollar equivalent of the ICO and more than 100X at the peak of the market. Since the ICO, QTUM has seen more than 25-fold profits. The aggregate share of such projects in the market is enormous - more than $ 100 billion and is growing.

Competition in the AERGO Hub sector relates to GitHub and Bitbucket, a more centralized development platform for developers, while AERGO Hub is decentralized.

Challenges for business. However, it will be difficult to win the market share in a competitive market. AERGO plans to use BLOCKO components as well as attracting some of its existing customers who are interested in AERGO's capabilities. Existing corporate BLOCKO clients, marketing and direct support for AERGO's implementation, research and development, and IT integration support will help to overcome the problems that arise.

Partnership. AERGO's collaboration with BLOCKO provides support for marketing, existing customers, technology, integration and research. This is the main element of the protocol associated with many BLOCKO client companies and can help AERGO sell to a wider audience.

Rating . Despite the fact that this is not the first corporate block-coding solution, AERGO seems to be positioning itself positively in terms of simplifying the design, creation and deployment of dApps.

Demand for decentralized applications grows exponentially along with demand for a blockhead platform, but they often do not work on the bear market. Among the rivals, AERGO has enormous potential. In addition, the help and support of BLOCKO and other partners will help to highlight the benefits of the project. GitHub has recently acquired Microsoft, and concerns about its centralization can also lead to an open market share for AERGO.