Home / Blockchain / The Blockchain Enterprise Blockoin sponsored by Samsung collaborates with ETRI, financed by the South Korean government, to collaborate in the research on the consensus algorithms | Technological Startups New

The Blockchain Enterprise Blockoin sponsored by Samsung collaborates with ETRI, financed by the South Korean government, to collaborate in the research on the consensus algorithms | Technological Startups New

Blocko, the developer of the open platform AERGO, has established partnerships with several leading research institutes including ETRI (Electronics & Telecommunications Research Institute) to collaborate on the development of avant-garde consent algorithms as well as testing and validating existing theoretical ones. Today, the development and implementation of blockchain protocols and applications fail to provide companies with the scalability, distributed governance and greater confidentiality they desire without sacrificing the inherent security and immutability they require.

Blocko will use its experience in implementing secure blockchain-based systems around document stamping, single sign-on, transactional transactions, identity, distributed storage and supply chain management across many industries to demonstrate and validate new protocols of consent developed by ETRI.

Consent is a process in which the nodes on a distributed network reach an agreement on the immediate state of things. Consent is a key component of replicated state machines and includes creating and linking blocks on a blockchain. However, most of today's consensus algorithms remain in the theoretical stages and are unlikely to be practical in realistic circumstances.

Founded in 2014 by Allan J Kim and Won-Beom Kim, Blocko is a commercial blockchain startup that offers multinational organizations the ability to design, deploy and manage digital services on a secure distributed network. Corporate IT integration and cloud implementation know-how are at the heart of its value proposition. The company provides a stable and secure blockchain operating system and an easy-to-use development platform with stable APIs. Blocko also engages in the research and development of blockchain services to spread the technology in various sectors. It also offers CoinStack, a Backend-as-a-Service platform that helps customers adopt the new technology through the application programming interface.

Blocko has decided to build a test bench able to work with various industries and research institutes in South Korea and abroad to test consensus algorithms and put them in strict circumstances in order to demonstrate their applicability in the real world . The goal is to help ETRI identify existing algorithms that are optimal for real business environments and pave the way for the discovery, verification and implementation of new consensus algorithms. These research collaborations will also allow Blocko to find out more about consensus, tokenomics, governance and more to be applied in the development of the AERGO platform.

Founded in 1976, ETRI is a research institute funded by the non-profit government. ETRI is one of the leading research institutes in the wireless communications sector with over 2500 registered patents. ETRI has developed naval technology, automatic language interpretation and automated parking technology. ETRI has around 2,000 employees, of whom around 1,800 are researchers.

Blocko is a well-funded, well-funded commercial block-trading start-up that provides multinational organizations with the ability to design, implement and manage digital services on a secure distributed network. Corporate IT integration and cloud implementation know-how are at the heart of its value proposition. The company provides a stable and secure blockchain operating system and an easy-to-use development platform with stable APIs.

Blocko is the developer of AERGO, an open platform that allows companies to create innovative applications and services by sharing data on a reliable and distributed IT ecosystem. AERGO brings Blocko's proven technology to the next level by turning it into an entire end-to-end open-source platform based on a hybrid blockchain design. AERGO allows companies to create innovative applications and services by sharing data on a reliable and serverless IT ecosystem. The AERGO network will be restored from public and authorized repositories of Distributed Directories (DD) similar to github. By implementing Smart Oracles, AERGO will also allow smart contracts to use data with external services or internal databases and to trigger events.

Blocko Team


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