On February 20, 2019–09:00 GMT. We hosted an AMA (Ask Me Anything) session in our AERGO Official Telegram group with Phil Zamani (Chairman and CEO), and Kyle Owens (Community Lead)
Phil Zamani — Introduction
WELCOME TO OUR SECOND AMA OF 2019
Hello everybody! This is Phil Zamani, CEO and Chairman at AERGO.
I am happy to announce the beginning of our second Telegram AMA session of the year. Our team has been working hard over the past few weeks since our last AMA — which took place about six weeks ago — on delivering on our technology, building out our ecosystem, getting clients on board, and much more. From going through even more rigorous optimization and improvement process to build and transition our testnet into a mainnet () — to adding on cool new functionalities, enhancing its existing features, and putting these together into new versions and more test networks (). You can check out the team’s progress in real-time on our GitHub. Yes, we’ve been working hard on our continuing to deliver our tech! Our R&D team is working swiftly to engineer our mainnet — to make it a very hi quality release — just as we managed to ship out a fully-functional testnet for our network in just around six months. This is the benefit of having a highly skilled, wonderful, well-coordinated development team (and great leadership behind them!).
Our ecosystem expansion and growth efforts have been fruitful. Our teams have been working hard on building out two of the applications that we’re developing in house to run on top of AERGO. In case you missed it, Won (Blocko founder and CEO) stepped into the Telegram chat () and gave some great and insightful information on what this stuff we’re working on actually is! Our teams attended a couple events to showcase them, namely the Korea Game Show 2019 () which featured some of the physical items that will be a part of some of the apps.
Of course, in Korea our team has been closing many deals. I talked about one of them on the media and many are being actively reported on Korean media if you keep track of things. The results of our work with the Bank of Korea were published, our work with the Jeju province () in implementing -based land registry transaction notarizations involving governments and banks evolved into a potential full-scale implementation that could involve our public chain, and we recently began working with Hyundai Glovis on -based automotive life management (). Most of the stuff we’re working on however, by nature, cannot be shared until a later time. These are projects with major enterprise clients — who like before — will talk about their success with AERGO and Blocko when the time is right (37 delivered production level projects and counting…). There is a lot going on though the majority of it we can’t discuss (yet). This includes deals we’re cooking up for native AERGO-based deployments, enterprise and academic partnerships that we’ll be happy to share information on at a later time.
If you haven’t yet heard, we partnered with SatoshiPay just the other day (). This partnership is quite significant. We’re proud to be one of the few projects in this space carving out real partnerships — not just marketing hype! We plan to integrate SatoshiPay with the AERGO mainnet as well as with the AERGO service layer. This effectively means micropayments for content paywalls and IoT would be settled on our architecture using their amazing technology. It also means the Hub and Marketplace would have a fiat credit-card payment option for ease of use in building solutions for enterprise , in addition to that same option being available for dApp developers to create frictionless experiences for new users of their Lua + SQL-based applications.
We’re open to any questions in this AMA. We aim to maintain a transparent and honest community relationship here. Therefore, we welcome our community to be both very direct — but also respectful that there are certain items we simply cannot comment on. We do however want to remind everyone to read and follow our Quarterly Project Update from last month () to stay updated on some items such as financials and liquidity. All matters related to liquidity, metrics and commercial investments AERGO is making will be communicated through these quarterly project updates (QPUs). Please understand that during the AMA there may be some topics that I cannot directly discuss, however I will try my best (as always) to answer as many questions as is possible. I want to remind everyone that we are actively listening to the community on questions they raise in our Telegram channel even outside of sessions like this. We also plan to start using some cool new techniques to better engage with our community very soon (watch this space!).
As we near our mainnet release, you will increasingly see more focus on our developer, integrator, ecosystem partners and . We have amazing technology to ship — but without an active and vibrant partner network it will not reach its maximum potential…more on this soon!
We intend to host these AMAs about every six weeks from hereon. This should make sure we get to address any questions our community has as our project evolves and grows.
Today’s AMA begins now. I will be online for an hour and answer questions raised in this time frame. Please begin by asking your questions in a respectful manner below!
Question 1
Hi to all, Phil agree with me. Success triangle in stake market is = Hard work+best partner+best marketing). You dedicate hard work and are one of the best partners. But you you do not have the best marketing. Aergo is great project but Aergo is only added to small exchanges. In the end, what have you planed for adding AERGO to a big and famous exchange?
Phil — We understand the need to have AERGO listed on hi quality exchanges and have good liquidity — I can assure our community that much is going on that we simply cannot share before it happens — please bear with us and watch this space!
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Question 2
Have you planned to add AERGO to a big and famous exchange?
Phil — We understand the need to have AERGO listed on hi quality exchanges and have good liquidity — I can assure our community that much is going on that we simply cannot share before it happens — please bear with us and watch this space!
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Question 3
How are you addressing new exchanges and the increase in circulating supply which will happen in march? With the lack of liquidity in existing markets.
Phil — See above answer — In short we are working on it 😊
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Question 4
Any plans for SEA (Ie community wise)?
Kyle — Of course. Korea is actually one of our key target regions and where AERGO is most prominent. This is due to Blocko’s strong presence in the area and majority market share in the scene. is also a target region! But Not at this time. We’ll put a focus there as we expand, into 2020.
, Korea, UK (aka global), Germany. Those are our targets for 2019.
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Question 5
Are you guys competing with ICON/ICONLOOP; and how dominant is AERGO/BLOCKO compared to them in Korea?
Phil — This needs a detailed answer..so pls bear with me….
Blocko and AERGO work with national government agencies. The projects and the notions behind them are VERY LARGE. We focus on using for the core working areas where much more complicated and complex structural models are required: land registry, payment settlements and so on. The way to think about this is we have lost of real competition in PoCs but few are able to deliver the scale and complexity of production level deployments like AERGO through Blocko!
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Question 6
Why will company using AERGO will buy the ? — What drives the demand?
Phil — AERGO is the fuel that drives the AERGO Platform engine…the utility is multi-faceted…you need to the to unlock the potential of AERGO. And We’ll release more information at a later time on our economic model and gas model to fully explain this….soon
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Question 7
How will SatoshiPay work as a fiat gateway? which types of businesses will use it and why? who will be supplying the Aergo used for this?
Phil — Let me expand our really exciting partnership with Satoshi pay.. It’s important as it gives our community a flavour of (much more) to come in ecosystem partnering. Please see the detailed announcement on Satoshipay for more info.
To summarise…This partnership is quite significant. We’re proud to be one of the few projects in this space carving out real partnerships — not just fluff! We plan to integrate SatoshiPay with the AERGO mainnet as well as with the AERGO service layer. This effectively means micropayments for content paywalls and IoT would be settled on our architecture using their amazing technology. It also means the Hub and Marketplace would have a fiat credit-card payment option for ease of use in building solutions for enterprise , in addition to that same option being available for dApp developers to create frictionless experiences for new users of their Lua + SQL-based applications.
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Question 8
What are PoCs?
Kyle — A PoC is a ‘proof of concept’. Most of these projects will be either an ISP, a PoC, or a full scale implementation aka a production system.
Phil — Proof of concepts (i.e. demo version of a solution — not for use in full scale production)
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Question 9
Hello, have a small question: Blocko is based in Korea, but AERGO was set up in Hong Kong, why so?
Phil — We believed Hong Kong is the best place to set up a non-profit organization that acts as a comprehensive free and open-source software foundation. It also helps as a gateway into the mainland where AERGO tech can solve many problems in large scale manufacturing and supply chain ecosystems.
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Question 10
What drives demand?
Phil — Demand is driven by Awareness — Interest and then Utility — i.e. if people understand what the tech can deliver and it proves to be a good fit — then there will be usage which drives even more demand (through marketing etc…)
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Question 11
With the launch of main net how much tps would possibly be delivered 20–30k tps? Also who is in line to explore your product once mainnet goes live?
Phil — we are very happy with our lab based mainnet performance — we think the market will be very surprised when they get their hands on our mainnet!
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Question 12
Why are u better than LTO Network?
Phil — Real …top notch engineering team…proven tech and a long term vision with a uniques solution for hybrid enterprise deployments?
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Question 13
Welcome Phil. Thanks for having to take out of your busy schedule to have another season with us, I appreciate that you love the community so well and I need to let you that we love you to and sincerely would contribute to the Aergo ecosystem as much as we can.
Phil — Thank you just Gaara — I also love our community
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Question 14
So expanding upon this question Phil, are your partnerships mainly MOUs with the government? in past lot of projects have disguised MOUs as partnerships.
Phil — If we sign a partnership deal, we’ll announce it as a partnership deal. If we sign a memorandum of understanding, we’ll announce it as a memorandum of understanding.
I understand that there’s a lot of hot air in this space and I can assure you we have no place being a part of any of that. We seek out real partners that we can work with to make a strong and meaningful impact on our ecosystem — partners with the most wonderful teams that we can work with to mutual benefit to collectively propel our product forward and set it up as a real competitor to offerings made by big IT vendors like IBM, Amazon, and Oracle (our real competition).
We’ll be definitely announcing more and collaborations as we progress throughout the year. We’ll also be putting out more information on a partner network we’ll be launching that acts as a collective of organizations that don’t just work closely with us, but work together as a member-driven organization to make AERGO a serious contender in the IT space. But we won’t be announcing partnerships that have no substance. In this sense, we may be a little bit different from other projects many of our community follow.
Most of our clients are real clients. We’ve built over 20 in-production systems that save companies hundreds of millions of dollars by maximizing internal efficiencies. When we say we’ve built a document management system operating for every single internal and external employee of Hyundai-Kia Motors in Korea, we’re serious. These aren’t mere MoUs.
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Question 15
Results add to big and famous exchanges
1) Save your time and your money
2) best marketing for project Aergo and best advertising for project aergo
3) Increase Aergo stock value
Kyle — Definitely. As mentioned, we understand the need to work with quality liquidity providers. But we only aim to work with the best. If there are updates we’ll let you know!
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Question 16
Will there be a new quarterly report out soon?
Kyle — Of course. They’re called quarterly updates for a reason. You’ll see one for Q2 2019 in April.
Phil — Yes — our quarterly reports (QPU) will occur every quarter — typically in week 2 of each new quarter (e.g. wk2 in April/July/October)
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Question 17
Hard work and great partner
Without marketing
Please think to marketing
Your marketing is weak
Phil — We agree — we need to do a much better job at marketing…I take this personally…both as a challenge and priority…i.e. I WILL OWN THIS ISSUE FROM HEREON…pls give me some time to show how we aim to improve…you will see the results within 6 weeks!
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Question 18
1) Time launch main net?
2) Have you plan for add AERGO to big and famous exchange?
Kyle — Mainnet is scheduled for end Q1 or early Q2 2019. Keep track live on our GitHub! 😛
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Question 19
Hi Phil. Is blocko actively pushing existing to the aergo network and how would aergo incentive this? Considering what they have already is working for them in its current form. Thanks
Phil — We have a special biz dev team working with ALL Blocko clients to
1. Educate them on why AERGO makes sense to transition to
2. To find use cases that deliver immediate value and
3. To work on these during 2019…Once mainnet is out you will see some results (quickly!!!)
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Question 20
Also I suggest doing weekly updates to the community
Phil — Yes you are right Jan — we will be more active with the community…see message above about me OWNING marketing from hereon.
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Question 21
Can all the clients/companies keep using Coinstack in the future or do all of them eventually have to migrate to Aergo?
Phil — Clients can choose to stay on the older tech or move to newer tech…most will move we believe 😊
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Question 22
Been reading up on you guys and this is my first time joining your ama. On smaller cap companies, or say, SME’s .. do they reap any benefit at all from deploying a on the aergo network? is it worth it or its very much more suited for larger corps due to costs?
Also, pleasure to meet u phil, love your videos
Phil — The benefits may be smaller in smaller-scale operations, however they absolutely could still benefit by leverage the immutability of our architecture to create tamper-proof records of things
Thanks Robbie — we have new types of videos coming out soon… Watch this space !!
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Question 23
@philzamani when do you plan to release the first games on AERGO? (as I remember, you planned them) Will there be games with NFTs?
Phil — Need to get tech team to answer this…
Kyle — Hey there, Blocko is actually working on a neat game atop AERGO in this area.
See these messages Won (CEO Blocko) sent here about it:
Also, this tweet:
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Question 24
@Phil I would appreciate if you could clarify whether AERGO block rewards has a certain reward for each block or only transaction fee or a combination. I understand tokenomics paper will be released, but above question can be answered today.
Phil — Hi Smita — we will answer all these types of questions very soon in a comprehensive economics paper… this is quire involved but almost ready to share…BPs and other stakes will love our model 😊
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Question 25
Phil, your partnerships are good and all; but what if the bear market continues unabated for say 2 more years? Do you have enough runway for project to continue moving along at current pace without hiccups ? Also factor exchange listing costs in this.
Phil — This needs a detailed answer…pls bear with me…
We’ll be fine..PLEASE READ THE LAST QPU FOR FULL DETAILS. We’ve got great runway and we’re actively watching our cash burn. We talk a LOT about this in our QPU from Q1 2019 and will provide updates every quarter…we also have a professional treasury firm helping us with cash flow and forward planning…this includes a crypto diversification strategy that is working well for AERGO.
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Question 26
Where do you see Aergo and the team in 10 years? Realistically 🙃
Phil — AERGO = Recognised brand of one of the most capable enterprise and developer friendly based platforms and ecosystems.
TEAM = continuing to do what they love : delivering great tech and making happy and productive with our solutions
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Question 27
So we adopting satoshi pay, anything part of Aergo technology will get adopted by satoshi pay?
Phil — Please see earlier answer above — lots of great plans to integrate and extend SP within AERGO as a platform and within our own and new dAPPS!
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Question 28
Can you explain about fiat payments with aergo hub?
Kyle — Sure! Some may not want to go through the difficult process of acquiring on exchanges to use our cloud services. So, they may use an off-chain fiat gateway like SatoshiPay. Customers would pay with their credit card and the would be purchased — then consumed for on-chain transactions or services.
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Question 29
I wanna know about your hybrid network, what is the very real benefit one would get straight (immediately) if they deploy on the aergo network compare to competitor.. at lower costs than AWS?
Phil — With AWS you have a regionally deployed centralised architecture — with AERGO you have a globally deployed distributed architecture — so if you care about trust, openness and extending your business through a trusted public solution — AWS does not deliver this/AERGO does!
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Question 30
Is your office bigger than ICONs?
Phil — No but our developer skills are 😉
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Question 31
So when can we expect on block producers? You mentioned telcos involved?
Phil — This is an ongoing program — we can talk about BPs after we deliver our mainnet (not long to go 😉)
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Question 32
Can AERGO be used without the being part of the process?
Kyle — Nope. It isn’t really possible. Using off-chain fiat for on-chain txs… ahh, consensus problems I’d imagine. AERGO has to be used for everything.
The is actually critical to the network and usage by . As you know, AERGO functions as a serverless platform for deploying -based enterprise-IT solutions (building real business use cases) as well as deploying decentralized applications. Off the top of my head, companies may decide to (a) implement, provision, deploy a use case by themselves using their existing development resources using our service layer (Hub, Horde, etc), (b) consult with us for the implementation and integration of a solution, © seek out our technical support service, (d) thereafter utilize our services to manage and schedule their networks seamlessly, (e) run smart contracts or decentralized applications on the AERGO public chain or their own dedicated mainnet anchored to the main chain, (f) instantly purchase computing, storage, AI, data, or other resources needed through the marketplace, and (g) purchase an AERGO named account. I may be missing some things.
That covers most of the Hub. All of these actions use the underlying as a mechanism for payment. Much of this could be done through a fiat gateway to make the process seamless for businesses.
Aside from that, the AERGO is mainly a true utility on the network. It plays a critical role in Sybil protection and stake in the process of securely achieving consensus, similar to how computers stake computational resources to securely achieve consensus on . There is an absolute necessity of it to make sure our public-permissionless chain, which acts as an immutable, trustless settlement layer, can actually exist and function properly. It’s decentralized through a proof of stake model with elected enterprise-grade delegates. We haven’t revealed our staking (aka economic) model in full detail yet, though we plan to in the future. Hope this helps on the matter!
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Question 33
Nice to hear you @philzamani How do you think Aergo has big chances to become the main for Korean government?)
Phil — We already are heavily involved with a number of government projects …so we are well on our way to broader …this is one reason why we are focusing a lot of our tech-support-sales-biz dev efforts on our home market South Korea in 2019.
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Question 34
Hello dear Phil! Any of upcoming plans for the ambassador program?
Phil — Hi itai — yes we are working on a program that ties in with our mainnet launch — all i can share now is the following hints…developers…partners…BPs…we will be ready in mid March to explain this further to our Ambassadors.
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Question 35
Hello Phil! @philzamani
At TGE, 40% of the core team were unlocked whereas only 10% of the investor were unlocked, how is that rationale?
Was the team in so much hurry to get their unlocked to sell at the TGE itself?
Phil — This was answered in the QPU in January but let me try again to summarise this..
FACT: No employee had released to date. So it was not possible to sell. This is another example of FUD that we try to address via our QPU reports…our model is simple…we release when we believe the time is right for the project…not the individual (whether investor/employee or other third party)… We always think about: CUSTOMERS+DEVELOPERS+PARTNERS+PROJECT First. Everything else has to follow.
> So, no are unlocked till now apart from 10% investor and reward drop ?
Kyle — No, not true. There’s other types such as marketing and perhaps other advisor (i.e., exchange competitions, partners). See our metrics article as it goes over all of that. Some are unlocked for key backers and advisors etc… please refer to the QOPU for more details.
> Thanks, can someone please provide me the link for QOPU
Kyle —
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Question 36
So i’m like an absolute beginner in programming, is there any program for noobs like me to learn to develop on aergo, or like, academies? any direction would be cool, cus i wonder how you guys are dealing with dev support there?
Phil — You mean a beginner… Our development guide, docs.aergo.io, is your best bet at this time. Educational programs, getting started guides on our website, and more substantial developer/startup programs are absolutely on the table.
We take support seriously…that is why Blocko makes millions every year in delivering and supporting clients…we will provide their skills and know how in Aergo (services and deployment blueprints)
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Question 37
How can you stabilise prices because the cost of services will vary depending on price
Kyle — Fees? That’s a good point. They will go up as the price increases. That’s likely where governance comes into play. Hunyoung (our CTO) went over this here:
Phil — Pls wait for our paper where the whole economic hypothesis and model are explained… impossible to answer this in a few seconds during an AMA 😉
> Yes because businesses need to plan costs and it would be very difficult if costs were not set and very volatile.
Phil — Reducing volatility for users/ is central to our economics model… Pls bear a little longer with us until we explain this in our upcoming paper.
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Question 38
Will the team be extending their lock up terms?
Phil — We have an existing model for all 14 (yes 14!) different lockup terms — in many cases these are locked for 3 years — we see no reason to change what is a carefully crafted model — also a large portion of will be locked up for a number of years with BPs and ecosystem partners that will drastically reduce the total circulating supply… We will explain this in more detail in our next QPU
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Question 39
Will blockos clients begin porting right after mainnet?
Phil — This needs explaining…
All organizations have their own inherent commercial business needs. Many of our have used identity authentication solutions built by us to streamline the process of verifying identities of in payment processes; others had us implement document management systems to reduce costs and increase security around operational matters and administration. There are some areas where a use case may be simpler to implement and others where it may be harder. There may be some areas where there is greater incentive to port onto AERGO and there may be some areas where there is less incentive.
Existing will have a few ways to begin leveraging AERGO. They can begin by hashing block headers from their private chains to the mainnet to enhance immutability as well as elements of data integrity. The public chain acts as a notary in this sense. There is great incentive to do this because it doesn’t incur too many switching costs and is inexpensive with regards to fees. At the same time, the benefits in creating a sense of tamper-proof ability are significant. Anchoring will act as each existing customer’s first exposure to the AERGO network
From there, they could establish B2B collaborations with third-parties using our technology. This increases the possibilities of what they’re able to do with their data by building cross organizational use cases. There is significant value to capture here, and the public chain acts as the secure distributed trust layer underneath for both organizations to ensure two parties with their own interests in mind don’t have to trust one another, or trust an intermediary. This also isn’t so simple. It takes significant integration and consultation efforts for this type of an implementation to work; these types of projects are often extremely complex. At the same time, these types of complex projects that don’t just supplement legacy infrastructure but could potentially over time replace it are exactly what we’ve been doing for the past few years when we moved on from doing PoC’s in 2016. We anticipate that we’ll begin making such transactions as we draw into the year. But it’s important to note that such transactions take time to complete.
We anticipate that almost all of our projects will evolve in this way: minimalistic to maximalistic. They may start as simple data anchoring solutions, evolve into a private to enhance internal operations, then eventually into a hybrid solution that the company uses to collaborate with third-parties securely in real-time to build new innovative apps and services.
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Question 40
@philzamani will Aergo support generation of other similar to ERC20 with ETH, TRC10 with ?
Kyle — Of course! We have the contract for our ERC-20-type already out, called ATHENA-370 Check it out on our GitHub! 😃
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Question 41
Every time i see a publication on enterprise it’s about hyperledger / eth enter or r3.. aergo isn’t covered much besides icon all about 😮do you guys think forming an alliance like aergo enterprise alliance to showcase your clients use case and actual deployment ? i know much is private for obvs reason
Phil — We focus on building and implementing solutions for . We’ve always been execution driven; act more, talk less. We’ll certainly get better at this.
We’ve got plans to launch a member-driven network of organizations focused on AERGO’s growth in the future. Details released at a later time.
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Question 42
Hi everyone, thanks for doing this Phil and team. The Telegram AMAs are really important for the community to be able to engage and learn more about AERGO
Phil — Hi Daniel — we know how important our community is — we will try even harder to make our communication with you even more rewarding and insightful
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Question 43
Btw in your previous AMA i think i recall someone asking if the aergo system has any benefit for investors or holders to make active/passive/ type of income by holding aergo . Is there any incentive here?
Phil — Let me try to answer this one clearly…
There absolutely is a reward for stakers on our network. We’ll release more information on our economic model at a later time.. Our model looks at all network participants to reward good and active support of our users… More soon.
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Question 44
What plans are made to provide more liquidity for aergo ?? Like more exchanges?
Kyle — Addressed — scroll up! In short, we understand the need to work with liquidity providers and we look to work with the best. Real liquidity not fake liquidity!
Phil — See earlier answers…we are actively working on this
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Question 45
Nice idea. Also, why dont u guys establish relation with icon? it looks like they are deeply involved with the government like u guys..
Phil — We work with anyone who helps our and developers — To date no client has asked us to pull in ICON (you can decide yourself what this means!)
> South korean gov investing $1b to startups ❤ should be work together
Phil — We are actively working on many of these projects sponsored by this large investment by the forward looking government of S. Korea 😊
> Wow really! do keep rolling, even if it’s stories of office life and meetings or events.. i feel ur community would have more personal relationship.
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Phil — I just want a write a few more words about our partnership with SatoshiPay. Specifically how it will work as a fiat gateway….
The price of services in AERGO is always . The is the sole, programmable means of on-chain exchange on the AERGO network. However, third parties can offer gateway services that essentially take your fiat currency to purchase and spend them for the service you’re looking to purchase. We’ll release hard details on the collaboration once integration efforts are complete, and that will be after our mainnet is live, stable, and functional. It’ll be a great addition to our existing rich usage enhancements provided in the Hub/Horde/Marketplace!
Where the come from will also be ironed out in the future. We’re looking at liquidity providers. We’re also in the process of making a neat explainer on how on-chain settlement of transfers works, which we look to release soon! More information in the future.
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Question 46
You guys saw the google bigquery analyzing public blockchains like , eth classic, , blabla.. How much of the aergo network would be ‘exposed’ for analysis by capable partis and would it pose any risk? Random but i fear of google being the search engine for public chain..
Phil — The AERGO public chain is public is an open book, available for anyone to analyze just like any other permissionless public chain. Its characteristic of providing an immutable audit trail has its benefits though some believe it has its drawbacks. Companies that want to keep their information private will run private chains while hashing block headers onto the main chain. All processes will be done in a /data privacy compliant way. In short, there won’t be any inherent risks.
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Question 47
Hey Phil, what happened to ambassador’s role? What they are doing?
Phil — We are late following up as we decided to focus on near term important priorities… The Ambassadors will hear directly from me in early March… Pls bear with me 😊
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Question 48
Is nexledger accelerator related to blocko? I saw blocko made nexledger or help to make before with coinstack. Also Saw hyperledger using them and is it out of blocko’s technology.. It’s a strange relationship samsung has with both icon and aergo as they are either backing or partners or so yes
Phil — One for the tech team as i am not sure here 😉 Samsung is a very large company…you can search to see which company they directly invested in (multiple times!!) 😉
Need to run so so will stay on for 15 more mins to answer any questions that come in or that I may have missed (sorry!)
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Question 49
Will AERGO be integrated into the new Samsung phone?
Phil — No comment!
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Question 50
Phil — Just want to come back to why AERGO vs AWS or other systems.. It’s important to understand this..
To start, deploying a is just the means. You want to build a solution around a hybrid network to save costs and increase efficiency while at the same time exponentially maximizing security of your IT infrastructure. Both public and private chain solutions have benefits and drawbacks: pros and cons exist either way. What we provide is a product that lets you easily leverage those benefits of both approaches, while at the same time reducing the drawbacks of both approaches.
You could integrate a deployment with your existing IT infrastructure to create tamper-proof records of things like events, documents, or transactions through hashes.
You could also automate the process of sharing and using data from third parties securely to maximize efficiencies and build new business models.
You can even build a dApp on your own dedicated sidechain for enhanced control and fee-cost-effectiveness. Everything will be incredibly easy to use; we propose a very rich set of developer tools and enhancements to the developer experience, as well as a very easy to use deployment/provisioning/management engine.
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Phil — Soon we will be doing a number of surveys with our community to get your feedback on some important next steps for AERGO and to improve our marketing and engagement with you. Please participate as we are listening and want to make this channel even better than it is.
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Question 51
Curious on dapps, aside from , settlement for b2b, any interesting industry aergo can cater? Maybe on legal or insurance side.
Phil — This is a good question : Which industries do we serve?
The real answer is many…we actually don’t focus in a specific industry. We focus in realistic and practical deployment models ie. finding real life uses cases that:
1. Can use our tech
2. Deliver real solution now (not a white paper)
3.Provide an ROI (return on investment) to now (not in the future)
This has worked well for Blocko for the past 4 years and we will continue down this path for many years to come! Legal and insurance are two we are looking into — is Public Healthcare Records… Autonomous vehicles… IoT mixed with AI/ML… and many more 😊
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Question 52
Would there be an Aergo SDK released along with the main network with tools that enable developers build dApps with basic knowledge of . If it would not be released immediately pls when?
Kyle — We already have our SDK out with our testnet in Java, JavaScript, and Python. Also a package manager for smart contracts, and some more stuff! They’ll all be available on our mainnet.
Phil — ABSOLUTELY! we are 100% developer and customer focused — watch this space — many developers will love and appreciate the tools. blueprints and support we provide them!!!
We take support seriously…that is why Blocko makes millions every year in delivering and supporting client. We will provide their skills and know how in Aergo (services and deployment blueprints)
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Question 53
Seoul metropolitan government is using ICON’s public ? Where do you feel you stand in relation to their progress and partnerships?
Phil — Ok let me elaborate here as I am well aware of this project..
We believe that while we are dominating the South Korean scene already, there’s significant value that remains to be captured. From what we’ve seen, many companies have still yet to capture the powerful semantics of hybrid designs to reduce costs and increase security in a wide variety of focus areas. These companies have implemented systems like ours to increase efficiencies internally, however few have managed to build full-scale implementations of workflows with external organizations using . We’ve begun early stages of this with many such as the Jeju province of Korea to, for example, connect government networks with banks to streamline the process of notarizing transactions.
Companies using AERGO to share data with each other and use each other’s information to build new use cases and business ecosystems is the epitome of what we envision. It also isn’t so outlandish given what we know and have experienced. We don’t need to completely up end IT backplanes and infrastructures to make this happen. This type of collaboration also isn’t happening right now in a ‘real-time’. It isn’t viable without the use of distributed architecture. This is where so much value lies.
With so much value to capture, it’ll be interesting to see what companies manage to win. We believe that rather than the market share in this area being equally distributed, it will instead be captured by a few major players.. Big IT vendors like IBM will play a part, though they won’t make it far. I’ve seen new technologies grow for over twenty years so I have an innate understanding of how this all works. As a team we’ve got an edge because we’ve got serious customer know-how and experience. Our architecture is very well designed, planned out, and is being engineered excellently. It is created to solve the limitations and flaws of systems that we came across acting as one of the only companies implementing -based systems for over four years now. Our solution takes all of that experience and culminates it to be extremely adaptable, exposed to the market through many existing in-production deployments and partners, and provides excellent low-cost cloud computing solutions in the process.
We’re already working with the Korean province of Jeju in implementing a -based land registry solution for the region. We completed a PoC last year, then a follow-on PoC with 11 of the largest banks in Jeju thereafter in January. Now we’ll move on to a full-scale implementation (once the Ministry had funding for the project approved — it’s currently pending).
This implementation could turn into something that uses AERGO heavily. We’ll talk more about this one when the time is right
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Question 54
Hi Phil, Thanks for second AMA
How u see Aergo for next two years from now?
Phil — Mainstream platform in use by many developers — and partners around the world 😊
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Question 55
What is the polaris server you guys launched recently? i don’t understand.
Kyle — Polaris is a server which nodes can connect to to find other nodes. It’s a node discovery tool in essence. So if I want to join the network as a validator, I’d use Polaris.
Docs.aergo.io excerpt:
- Aergo nodes can query addresses of other Aergo nodes. In this case, the chain of the Aergo node and the chain of Polaris must be the same.
- Aergo nodes can register itself with Polaris. Polaris checks to see if it can connect to the Aergo node and adds it to the node list.
- One Polaris server per designated blockchain
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Question 55
When lambo?
Phil — Time to end this AMA 😊
Let me close by thanking all of you who took part in today’s AMA and thanks again for Kyle joining in to help me — you will soon see a positive change in how we communicate and how we market AERGO… Please bear with us.. and thanks to our Russian and Ukrainian and Korean friends who will translate and circulate the above AMA in their respective channels! Now we have got to get back to work (Mainnet, here we come 😊)
Kyle — 👍👍👍
Thanks everyone for attending! We look forward to sharing more great updates with you all. 🙏
Any more questions just feel free to mention me and ask. As stated in our opening message, we’ll try to answer what we can and are able to. Have a great day everyone.
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Published at Fri, 22 Feb 2019 01:07:49 +0000
