Samsung-Backed Startup Blocko Launches Hybrid Blockchain Aergo Enterprise

The product includes simplified administration and cloud orchestration, with custom blockchains spun up in a single click. A dashboard tracks transactions, blocks, resources, and assets for each independent chain. Node management tools let administrators set permissions and delete data. The platform also comes with development kits, pre-built applications, and 24/7 support.

Aergo Enterprise runs on Aergo's main network, an open, permissionless enterprise system that launched earlier this month. A nonprofit organization called Aergo Organization handles promotion and development of the broader ecosystem.

Won-Beom Kim, Blocko's founder and CEO, said: "We've been supporting Aergo Organization in the design and construction of the Aergo platform for a full year. After a long and intensive R&D process, we are excited to finally launch our largest product to date. Our existing customers will be able to complete the migration program with ease and switch to our hybrid, high-performance blockchain network setup to achieve greater levels of security and scalability, while expanding their use cases."

Blocko started in 2014 and has grown into a major blockchain infrastructure provider in South Korea. The startup reaches more than nine million users through its blockchain applications and has deployed more than 20 full-scale implementations across private and public chains. Its work includes a single sign-on system for Shinhan Financial Group subsidiaries, an e-document stamping platform for Hyundai Motors employees, and management infrastructure Samsung Card uses to conduct business with international partners.

The company announced last month that it built a blockchain solution for the South Korean government's Land Registry Project, which aims to improve various public services using the technology. The system would reduce costs associated with document forgery and data leaks. It passed initial testing and will roll out at full scale over the rest of the year.

Blocko raised $8.9 million in June 2018, with plans to expand operations in South Korea, Europe, and East Asia.