AERGO signed an agreement with BLOCKO to select dApps and provide sourcing support for ‘Samsung Blockchain Service’. AERGO will also support dApps that are already released, along with existing applications/services which would convert into dApps. With a strong focus on DeFi.
AERGO recently signed a contract with BLOCKO to expand the ‘Samsung Blockchain Service’ ecosystem. BLOCKO has been officially contracted as one of the ‘Samsung Blockchain Wallet dApp Sourcing Partner’. Samsung Blockchain Wallet is available on Samsung Galaxy devices from S10 and newer in select countries. In order to discover and incubate diverse applications and services, AERGO will support ▲Mainnet implementation and public blockchain integration ▲Business model development ▲Core blockchain technology, including development and monitoring tools — in particular, through the ‘Aergo-based Merkle Bridge technology’. The technology links multiple public blockchains, including Ethereum, and allows access to various services that support specific public blockchains. Together with BLOCKO, the partnership will offer access for developers to list their dApps in millions of Samsung Galaxy devices.
AERGO and BLOCKO are offering various services such as authentication, e-contracts, and transactions based on the AERGO protocol. As announced on 16th June, Korea Technology Finance Corporation’s ‘Electronic Agreement and Web Service Integration Platform’ was built on top of the AERGO protocol.
The aim of the Korea Technology Finance Corporation (KIBO) is to facilitate technology financing to innovative SMEs and contribute to the growth of the Korean national economy. The AERGO Time Stamping Authority (TSA) will be used to process 120 different types of documents out of 50,000 documents annually. AERGO’s TSA is a point-in-time solution which has a RFC3161 Standard Timestamp token structure and protocol compliance. Starting with the KIBO, AERGO and BLOCKO will soon expand its services over various industries.
The dApp accelerator will focus primarily on DeFi applications for the following two reasons. The first is that the Korean market currently has a rapidly growing interest in DeFi applications and user adoption. One barrier to this adoption is that many of the current DeFi applications are priced in US Dollars (USD). Through AERGO and BLOCKO’s acceleration efforts this will help bring a wide range of DeFi products to the Korean market priced in the more familiar Korean Won (KRW). The second is helping bridge suitable DeFi dApps to the ‘Samsung Blockchain Service’ ecosystem. Both of these endeavours help foster the adoption of blockchain in both Korea and internationally.
About BLOCKO and AERGO
BLOCKO is a blockchain specialized technology company that has experienced and achieved the largest amount of business cases in South Korea. BLOCKO is a strategic technology partner for AERGO, having already deployed over 38 large-scale private and government blockchain solutions.
AERGO is an open-source hybrid enterprise blockchain platform that combines both aspects of private and public blockchains. AERGO leverages the core technology of BLOCKO. AERGO provides a foundation for enterprises of various sizes to develop innovative applications and solutions based on a distributed, trustless, and serverless ecosystem.