The announcement was made official through a tweet by Aergo:

Aergo is a renowned enterprise blockchain platform that is open-source and specifically designed for hybrid deployments. This includes both permissioned and permissionless blockchain structures. The platform was conceived and developed by Blocko, a South Korean blockchain technology company backed by Samsung. It is purpose-built for enterprise use, providing a robust infrastructure for Decentralized Applications (DApps).

The platform is designed for enterprise adaptability and its core features include a SQL-supportive smart contract engine, which eases data management and contract programming for developers. The blockchain infrastructures hosted by Aergo are diverse. Its private chains use a Proof-of-Authority consensus method with the RAFT algorithm, while the public version, the Aergo mainnet, relies on a Byzantine Fault-Tolerant Delegated Proof-of-Stake mechanism. One notable feature of Aergo is its capability to pay leading cloud service providers, like major telecommunication companies, to host dedicated nodes for private blockchains.

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