Hypotheses - assumptions or guesses; Approval involving evidence. Aergo hypothesis. In our opinion, Aergo has the opportunity to become a blockchain platform for the next IT revolution.
This publication is the transfer of Articles of Chief Phil - Aergo: The Hypothesis.
While we provide a corporate decision, the sphere of our platform goes beyond the scope of business - it is also focused on the economy of game theory, complex systems of distributed databases and advanced cryptography.
We spend a lot of time on thinking about how we must explain what Aergo is, and what kind of market niche.
Last Friday, I visited the conference Distributed Economy 2019 to submit Aergo to the audience of cryptography lovers, venture capitalists and industry workers.
I present 419 # 2 . This presentation I showed explaining on Deconomy The main hypotheses of the Aergo project.
In 1991, one event occurred, which caused a series of related technological developments, which would change the world. In the aggregate, these subsequent developments gave us worldwide web, global Internet access, modern mobile phones, social networks and cloud computing.
It was Announcement of Linus Torvalds from Finland, that GNU / Linux is launched. It was an operating system that will replace UNIX and will be a de facto platform to start most world software applications.
These events aroused the division of applications, intermediate software, operating systems and basic IT equipment, which questioned the status quo, set by existing large IT suppliers, such as IBM, HP and Dell. They allowed enterprises to use the best technology in their class and solutions in hybrid, but not closed technologies.
And now, with a powerful combination of open source, cloud computing and DLT: They can perform them in a distributed, but safe and reliable architecture, which confirms the hypotheses of our team.
It was not just linux. A cascade of other open source technologies was launched: Bind, DNS, Apache web server, Spring programming language, and then virtualization. Suddenly it became possible to separate the applications and the operating system on which they work, from the basic architecture of IT-calculations.
This division hit on the status quo of many large traditional IT suppliers, such as Sun Microsystems, HP, IBM and Microsoft. He revealed the real potential for creating innovative applications, services and ecosystems (whether ecosystems of social networks, game platforms or business ecosystems), built on the basis of open architecture.
But there was another little-known event in 1998, which accelerated the introduction of Linux and caused a cascade of customer adoption. It was an announcement that Oracle will support and run their database technology in Linux . Databases occupy a central place in almost all fields of business, since it is exactly the majority of companies records. An announcement Oracle opened the eyes of millions of customers around the world to consider this new operating platform. The rest is already history. Today, about 40% of IT projects operate on Linux systems. In the public Internet and cloud, this figure approaches the staggering 90%.
I know these facts, because in the past 30 years I worked in many companies that changed the world of technology - supporting such giants as Intel, AMD and ARM, working on Red Hat, Novell and VMware. I also built a completely new hybrid cloud businesses on open architectures, such as Linux and Hadoop, for one of the world's largest telecommunications companies (Deutsche Telekom, Germany). For three decades, I worked closely with developers and IT teams to find out how to accept and use new technologies in your business.
Business is to make a profit, please the customers and remove some economic benefits. Replacing existing systems with completely new technologies is expensive. For this reason, almost all modern systems must be connected, integrated and built around existing IT systems. The vast majority of enterprises operate on hybrid architectures. Over the next five years, 75% of all companies connected to the Internet are likely to use a hybrid cloud computing platform. Today, more than 50% of enterprises already use certain types of clouds for their IT needs.
Now back to the technology of the blockchain. We will continue to consider our hypotheses. A year ago there were big disputes, various forecasts and large bets made in two confrontative camps - either "The future will be built only on a truly distributed public chain of blocks", or "Only the private, the necessary business blockchas, to achieve performance, management and control business processes ".
They say the story is not repeated, but in technology it is rhyme. The future, like the past, will be hybrid. In this you can be sure.
The business is to grant value - with the least costs. Business will develop on hybrid systems for many years.
Just like Oracle in 1998, twenty years later, in 2018, large IT suppliers support blockchas as a future platform for the provision of services. Here are the names of some of these companies: IBM, Microsoft, Google, Amazon, Huawei - Even Facebook, Twitter, Tencent, Alibaba and Paypal.
Customers worldwide are now ready to understand and use in their business distributed technology based on account books, such as blockchain. This confirms our hypotheses.
Now Blockchain has the opportunity to change the future of the business. In the next 10-15 years, amazing new applications, services and confidence-based ecosystems around the hybrid architecture will appear; Built around an increasingly decentralized blockchalter fabric. They will take advantage of the benefits of new breakthrough technologies, which are no longer behind the mountains from the point of view of implementation: 5G, IoT, machine learning / AI, trusted calculations, autonomous "things" and, possibly, rather than later) quantum calculations.
Future IT is a hybrid. The future of the business will also be distributed and hybrid.
The World Economic Forum (WEF) predicts that 10% of world GDP will work in systems based on blocks, over the next 5-7 years. For example, the blockchain will significantly increase the financing of trade around the world: generates a colossal trillion of US dollars to financing international trade.
One of the world's largest technological companies recently used the above chart in order to predict its vision of this future to an audience of 30,000 developers. This is an excellent slide!
We live in the epoch of the world's intellectual technologies. This includes an intelligent hybrid and distributed cloud, providing services to users, enterprises and even devices in the so-called intelligent region. Computing Equipment Embed into the Real World almost everywhere - be it house, work, stadium, hospital, oil market or global financial services market. All these industries are converted by digital technologies and computing equipment.
Our hypotheses are as follows, the whole world and these computing power are used to create the next business generation and business ecosystems managed by artificial intelligence. Experience with multiple devices, which requires much more data, trust and, of course, focused on people. Companies must adopt new technological innovations, but this means that they must embed it in their existing systems. This is not a simple task.
The combination of intelligent clouds surrounded by and enriched with intellectual "things" is already beginning to convert the way we work, play and interact with each other - whether in the context of the B2B business ecosystem, B2C or B2B2X.
According to the leading supplier (yes, it is Microsoft!), These amazing technologies allow:
- Make employees more productive
- Improve customer interaction
- Reduce IT and operating costs
- Help create new innovative products
However, as in the last forty years, large suppliers of IT services are inclined to "bend" the future - therefore it relies and depends on the previous technologies. Some call it vendor.
What these sellers do not say is the fact that the world of the future, which they depict, can be even more exciting and transforming. When you combine the intelligent cloud, the network of intelligent things and an open source model - and all this with a distributed architecture based on the blockchain - the future looks still brighter.
With blockchain you can:
- Realize your most important asset - your employees - on more important tasks than creating and managing IT
- Find and win new customers who were impossible with centrally managed (and frequently fragmented) data systems
- Eliminate many of these IT systems, deleting entire levels of the traditional technological stack, and automate most of your business logic.
- Not only to convert their products; But also change or rebuild your industry
In this power of the technology blockcha. Existing IT solutions suppliers cannot and will not tell you a full story.
Despite the fact that many reported, this future is already possible today in many, many industries.
Enterprises must interact with each other. Especially in industries such as production, supply chains and distribution.
For many years, enterprises used technology and IT solutions to manage their activities. However, the technologies used by them were complex and divided into several levels.
Applications and services must perform certain functions that are coded in business logic. All this works with data, which are processed to obtain specific results (t.E. Values). Finally, as a result, the actions should communicate with a business partner, which will have to perform accurate tasks (in reverse order) to obtain an effective service.
Within the eighties, these technological stacks were built on patented solutions - often supplied by one supplier, from here and a long-term binding to suppliers in recent decades. It is not by chance that many companies around the world spend about 75% of their IT expenses on the basic technological stack. Only 25% is spent on an application or service that uses a business (or end client).
At the turn of the centuries, the Internet allowed enterprises around the world to communicate and work with each other, using the Unified Communication Protocol: World Wide Web. This eliminated one of the significant price barriers for the main technological stack. It was a colossal evolution, but not a revolution (in terms of costs) for these firms. The data were recorded and stored in warehouses within each organization. Separation is impossible, even if they want it to happen.
Today, with the help of the company, the company can share and automate most of its complex business logic using smart contracts: elimination of costs and reduction of labor costs that can be redesigned to solve additional tasks for the company.
The data that was previously distributed and centralized can now be fully distributed and distributed. Safely . All this is achieved by binding and binding to these data and related business transactions to a publicly accessible chain of blocks, where all business transactions are hashized and stored or shared through a protected register.
This new paradigm not only shifts the cost balance with 75% on IT and 25% on business applications or services, which allows you to create most of the cost and innovation at the level of applications or services .
What is most important, it allows completely new ways to build business ecosystems - and actually industries - where confidence is guaranteed. Even when trust is not assumed.
This allows only blockchain. This is the future. And it is possible today!
But this vision can really be implemented only if important problems of customers are resolved. All of them.
When it comes to the introduction of basic new technologies in business - there are a number of requirements that must be completed - if these new decisions are going to move from simple inspections of the concept (POCS) to production.
The main priorities for business include:
- The cost of protecting its brand, reputation and intellectual property. Security is of paramount importance: the data should be monitored and carefully monitored.
- The need for corporate level systems (T.E. High performance), as well as work with existing inherited systems to ensure a longer-term return through the use of previous costs of IT.
- The presence of high-tech systems for which highly qualified (and highly paid) engineers can be acceptable in high-profile markets (for example, in the investment banking sector), but more than 95% of enterprises need fairly good solutions that are easy to understand.
- To maximize the usefulness and use of these systems - they must be simple in programming and management.
- Finally, instead of creating close centralized systems - companies want to expand into new areas and new markets. This can be achieved only with more open systems, which our hypotheses say.
Platform and Aergo architecture are addressed to each of these items directly.
It supports a hybrid approach that allows you to use the best of many worlds, at the same time allowing companies to exchange data, confidence and operations with many other companies.
Unlike multiple blockchas, Aergo is a fully proven solution for clean rooms created from zero for business. We confirm our hypotheses in practice. The technology was incubated in South Korea for five years with some of the largest organizations in the region (for example, Samsung, Hyundai, Shinhan Bank). It was even used by local authorities to ensure safe and reliable electronic voting, and also allowed the Korean Stock Exchange (KRX) to create new innovative financial instruments, protected and fixed on the blockchain.
Although it supports new and advanced programming languages - it also supports, perhaps, the world's only simple in the use of the SQL and Lua infrastructure. It potentially opens the blockchain for more than 8 million SQL developers and the huge potential of many thousands of new applications that they can build on Aergo.
Deploying modern IT systems requires the ability to use cheaper hybrid cloud solutions so that enterprises can reduce costs, while concentrating more of their resources on business (Appendix), and not on basic IT. Aergo blockchain does this by supporting hybrid (publicly available + private) model chain model that uses existing cloud solutions.
Finally, Aergo is an open source platform. The network is open to developers, partners, system integrators and, of course, open to business. No central control. No rigid architecture and no binding to the supplier. And again our hypotheses are true.
Created by customers for customers and developers for developers, the Aergo blockchain was incubated for five years Blocko - the leading supplier of blocks in South Korea. Our hypotheses were justified. Currently, Aergo is prepared for mass implementation - with simple tools, deployment schemes and, of course, applications.
We do not say and do not write a lot - we would prefer to write code and allow our customers and partners to speak. Here are some of them who helped us test, check and implement many of the technologies that are currently part of the Aergo network. You can find out several of them!
We have something to share. In fact, a lot more. Much will be disclosed for seven days when you start our global global network - at the Birthplace of Aergo in Seoul in South Korea; April 17 at our event on the launch of the main network.
Thanks to Linus Torvalds from Linux for showing us the way with Linux.
Aergo will borrow their experience!
We carefully observe the development of the Aergo project block. With other articles describing Aergo technology, you can familiarize yourself here on site.
In addition, you can get answers to reviews this Live Aergo AMA with Phil (Chairman & CEO) HUNYOUNG (CTO) WON-BEOM KIM (Blocko CEO).