Aergo, an open-source hybrid enterprise blockchain platform, has finalized an agreement with Samsung-backed blockchain provider Blocko that will be mutually beneficial for both Aergo and Blocko. It will allow Blocko to source dApps from Aergo for expanding the Samsung Blockchain Service ecosystem. Additionally, it will enable Aergo to support dApps already released in the Samsung Blockchain Wallet integrated into Samsung Galaxy devices.
Blocko is the official dApp sourcing partner of Samsung Blockchain Wallet and a strategic technology partner for Aergo, while Aergo leverages Blocko’s blockchain technology to develop dApps.
The Aergo-Blocko agreement will allow Aergo to provide Blocko essential services required for the development of Samsung blockchain technology. The objectives of Aergo under the agreement can be broken down as follows:
- Sourcing and Supporting existing dApps.
- Converting other existing applications into dApps while focusing on decentralized finance (DeFi).
- Exploring DeFi incubation and other diverse applications and services.
- Helping Blocko to expand the Samsung Blockchain Service ecosystem.
- Providing aid to the Mainnet execution and combination of dApps released in the Samsung Blockchain Service ecosystem.
- Enhancing the development of monitoring tools through the “Aergo-based Merkle Bridge technology” that links several public blockchains, including Ethereum.
Blocko, on the other hand, will provide developers access to its dApps used in Samsung Galaxy devices. With the help of Aergo, Blocko will provide developers technical support regarding authentication, e-contracts, and transactions for all the dApps released on the Samsung blockchain. Korea Technology Finance Corporation’s Electronic Agreement and Web Service Integration Platform built on the Aergo protocol is a good example of such services.
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With this agreement, both Aergo and Blocko aim to promote the adoption of blockchain in Korea and expanding their services across the globe. Their strategy is to provide a variety of solutions leading to the development of dApps and the introduction of DeFi apps in the market of Kore.
The main reasons behind this agreement are to meet the increasing demand of DeFi apps and adoption through Samsung Galaxy gadgets in the market of Korea, pricing the DeFi apps in the Korean Won (KRW) currency, and sourcing dApps to the “Samsung Blockchain Service” ecosystem.