/biz/ - Business & Finance

>>20545139
> 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.

> 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.

Relevant links: will break down

https://www.prnewswire.com/news-releases/sequoia--samsung-backed-firms-launch-execution-intelligence-group-e24p-to-address-growing-need-for-advanced-practical-expertise-in-blockchain--other-emerging-digital-technologies-301047195.html

> Sequoia & Samsung-backed blockchain firms Aergo & Blocko launch Execution Intelligence Group (E24P), aims to address large-scale problems in Smart Government, Smart Tourism, Smart Supply Chains, and Smart Finance with breakthroughs in trusted computing, quantum, cryptography, green energy, IoT, smart identities and practical blockchain coupled with AI
> ABU DHABI, United Arab Emirates, April 27, 2020 /PRNewswire/ - The Aergo Foundation, the open-source software foundation that stewards the Aergo blockchain project, a hybrid blockchain technology protocol built for enterprise use that has been deployed in South Korea by the blockchain technology company Blocko for over 38 clients including Hyundai Motors, Lotte Card, Shinhan Bank, Korea's National Stock Exchange, and more, today announced that it has launched the Execution Intelligence Group (E24P), a new collective of leading organizations that aims to boost innovation and accelerate growth in high-growth economies in the Middle East, Africa, and South East Asia (MEASEA) regions by leveraging the most promising innovations in a wide range of emerging technologies from trusted computing to quantum-resistant blockchains

> A stock exchange in Korea used the technology behind Aergo to massively reduce the time it took to settle transactions on their OTC startup market from up to five days to just one to three days. In 2017, they saved 78M USD according to data analysis conducted by professor Kwon Hyuk-jun of Soonchunhyang University

> One of Korea's most populous provinces, the province of Gyeonggi-do, completed the selection of over 500 community projects through a voting app built on Aergo's core technology.

> A Korean government agency used the technology behind Aergo to manage real estate documents in an automated and trusted way to collaborate on document verifications transparently, preventing fraudsters from forging documents and profiting over hundreds of millions annually.

> Internet of Things

One networking giant used Aergo’s core technology to enhance their efforts as they move into areas of edge computing and let them securely redirect resources towards specific IoT devices and connected cards.

CHAEBOLS (pic related)
A chaebol is a large industrial conglomerate that is run and controlled by an owner or family in South Korea. A chaebol often consists of many diversified affiliates, controlled by an owner whose power over the group often exceeds legal authority.

TOP 3: Samsung, Hyundai, Lotte
ALL will be using Aergo and well as the Korean government but realistically they are the fucking govt let’s be real here, but still just the tip of the iceberg

LOTTE CORP
https://en.m.wikipedia.org/wiki/Lotte_Corporation
Lotte Corporation consists of over 90 business units employing 60,000 people engaged in such diverse industries as candy manufacturing, beverages, hotels, fast food, retail, financial services, industrial chemicals, electronics, IT, construction, publishing, and entertainment. Lotte runs additional businesses in China, Thailand, Malaysia, Indonesia, Vietnam, India, United States, United Kingdom, Kazakhstan, Russia, Philippines, Myanmar, Pakistan and Poland (Lotte bought Poland's largest candy company Wedel from Kraft Foods in June 2010), Australia and New Zealand (Lotte successfully bought 4 duty free stores in Australia and 1 in New Zealand from JR/Group in 2019). Today, Lotte is the largest confectionery manufacturer in South Korea.

>>20545359
OH FUCK THE CHAEBOLS

Lotte group's major businesses are food products, shopping, finance, construction, amusement parks, hotels, trade, oil and sports.
• Food Products: Lotte Confectionery, Lotte Chilsung, Lotte Foods, Lotteria, E Wedel, Lotte Food, Angel-in-us, T.G.I. Friday’s (South Korean franchise),Swiss Boulangerie, Lotte Cool, Lotte Fresh Delica, Lotte Shopping Food Division, Lotte Kolson (Pakistan)
• Shopping: Lotte Duty Free, Lotte Shopping, Lotte Mart, Lotte Department Store, Lotte-Assi Plaza
• Entertainment: Lotte Cinema, Lotte Entertainment (investment and distribution of domestic and international films)
• Finance: Lotte Card, Lotte Capital
• Housing: Lotte Castle High Rise Apartment Complex
• Amusement parks: Lotte Cinema, Lotte World in Seoul, one of the world's largest indoor theme parks.
• Hotels: Lotte Super Tower 123, skyscraper in Seoul, South Korea, 2014 and Busan Lotte Tower skyscraper in Busan, South Korea, 2013, Lotte City Hotel in Daejeon, Lotte New York Palace in New York City
• Trade: Lotte International
• IT / Electronics: Korea Fuji Film, Lotte Canon, Lotte IT, Lotte.com, Mobidomi
• Heavy chemicals / construction / machinery: Honam Petrochemical, KP Chemical,[10] Lotte Engineering & Construction, Lotte Engineering & Machinery, Lotte Aluminum
• Car rental: Lotte rent-a-car
• Transport service: Andi Mack-Lotte Transport Corporation (tourist transport service in partnership with Andi Mack)
Sports
Edit
Lotte also owns professional baseball teams
• Chiba Lotte Marines in Japan (1971–present)
• Lotte Giants in Busan, South Korea (1982–present).

Lotte R&D Center
Edit • Korea R&D Center: 201, Magokjungang-ro, Gangseo-gu Seoul, South Korea
• Japan R&D Center: Saitama, Saitama Prefecture, Japan

Sell the news!

>>20545444
If op isn't bullshitting then this hasn't even remotely pumped yet, right now the market cap is only at 13 million, looks like it is still under the radar

no real reaction in the market cap or price of aergo. Is blocko is seperate to aergo and is building closed source tech for the gov? no public blockchain or token involved at the moment?

Probably retarded if you need me to break down Samsung of Hyundai so we can skip those for now and go to

SHINHAN FINANCIAL GROUP
https://en.m.wikipedia.org/wiki/Shinhan_Bank
is the descendant of Hanseong Bank, the first modern bank in Korea. It was established by Kim Jong-Han in 1897, but began operating around 1900. It was originally located in a small house with only two rooms. One room was for the president, Yi Jae-Won,, and the other room was for the staff.
Today, it has transformed itself into a large bank, boasting total assets of KRW 176.9T, equity capital of KRW 9.7T, 10,741 employees, and 1,026 branches as of 2006. As of June 30, 2016, Shinhan Bank had total assets of KRW 298.945T (US$260 billion), total deposits of KRW 221.047T (US$192B) and loans of KRW 212.228T (US$184B). Shinhan Bank is the main subsidiary of Shinhan Financial Group

SO THIS PART IS REALLY FUCKING IMPORTANT

https://www.fdic.gov/regulations/reform/resplans/plans/shinhan-165-1412.pdf

This Public section of the U.S. Resolution Plan provides an executive summary of SFG’s overall resolution strategy. All financial and other information included in this U.S. resolution are, unless otherwise indicated, reported in Korean won and as of December 31, 2013, SFG’s fiscal year-end.
A.1.1 Overview of Shinhan Financial Group (SFG)
Incorporated on September 1, 2001, SFG is the first privately-held financial holding company to be established in Korea. According to reports by the Financial Supervisory Service, SFG is the second largest financial services provider in Korea as measured by total assets as of December 31, 2013 and operates the third largest banking business (as measured by consolidated total assets as of December 31, 2013) and the largest credit card business (as measured by the total credit purchase volume as of December 31, 2013) in Korea.

SFG has 13 direct subsidiaries and 18 indirect subsidiaries offering a wide range of financial products and services, including commercial banking, corporate banking, private banking, credit card, asset management, brokerage, and insurance services. As parts of its global operations, it has 71 offices in the United States, Canada, the United Kingdom, Japan, the People’s Republic of China, Germany, India, Hong Kong, Vietnam, Cambodia, Kazakhstan, and Singapore. While SFG has a number of overseas branches and subsidiaries, substantially all of SFG’s assets are located, and substantially all of SFG’s revenues are generated, in Korea.
SFG provides comprehensive financial services, principally consisting of commercial banking services, credit card services, securities brokerage services, life insurance services, etc.
A.1.1.1 Commercial Banking Services
Commercial banking services consist of retail banking, corporate and investment banking, international banking, and other banking services. Retail banking services include mortgage and home equity lending and retail lending as well as demand, savings and fixed deposit-taking, checking account services, electronic banking and ATM services, bill paying services, payroll and check-cashing services, currency exchange and wire fund transfer. SFG provides corporate banking services, primarily through Shinhan Bank, to small-and medium sized enterprises, including enterprises known as SOHO, or “small office, home office”, which are small enterprises operated by individuals or households, and, to a lesser extent, to large corporations, including corporations that are affiliated with **chaebols** International banking
services include foreign currency-denominated securities trading, foreign exchange trading and services, trade-related financial services, international factoring services, and foreign banking operations through its overseas branches and subsidiaries

> Resolution Strategy Summary
“The U.S. Resolution Plan takes into consideration possible strategies for the orderly resolution of SFG’s U.S. operations under applicable resolution regimes in the event of material financial distress or failure. The strategies are designed to be executed within a reasonable period of time and in a manner that avoids or substantially mitigates systemic impact on U.S. financial stability.
As required by the Final Rule, the U.S. Resolution Plan assumes that the material financial distress is a result of an idiosyncratic event that is specific to SFG and occurs at a time where general macroeconomic conditions are consistent with baseline economic scenario in which other financial institutions and markets generally are not experiencing a system-wide financial panic or crisis. This strategy addresses how the U.S. operations of SFG may undergo an orderly resolution without extraordinary government support in the U.S. or Korea.“

>>20545716
FUCKING CHAEBOLS AGAIN

seriously what does this all mean? Chaebols run South Korea and basically said fuck you the US govt during a financial crisis, like the impending one ahead... so Aergo is the fuck you middle layer?

Nice ALL IN

>>20545444
Looks like the news has only begun and your faggot ass is about to get priced out

>>20545621
What do you mean? It’s barely listed on exchanges yet and will have Huboi or Binance soon check the pic

PHIL ZAMANI WENT MIA FOR 6 MONTHS... UPDATED HIS LINKEDIN FOR AERGO WITHIN THE LAST 8 HOURS TO ADD

“NON EXECUTIVE PRESIDENT”

>>20546014
Somebody posted this earlier in the Aergo Telegram (pic related)
“ Still CEO of Blocko also and only left his position at Aergo right at launch. His work was finished and can bring adoption through Blocko and E24P.
Aergo (like ETH) is just the software layer,
Blocko(like Parity) - the software producers,
E24P (like EEA) - is the alliance of enterprises that will be utilizing Aergo network. It’s much better for him to shift focus at this point to more of an advisory position”

But isn't korea in the midst of facing off with China in the tech market? Isn't that alone pushing south Korea into a decisive political divide either siding with Japan, Taiwan, & the U.S alies or sell out to China?

>>20546048
Well this is awkward... I posted that. I am that guy Keks.. I was just about to get to the Royal Saudi’s and the connections there.
Basically Chaebols of the Middle East but with more “Fuck You” money and have been investing more money into crypto than anybody else in 2020.

South Korea connections alone put this well into the billions towards ETH levels and high but with Royal Saudi’s confirmed and it’s Sharia’h compliant due to the lending mechanisms. That within itself can be $50B cap.
Stinky Linkies are about to bend the knee forever. Who actually will give their most precious data to a Big Mac retard So he can abuse it? Not Aergo, Chaebols or Royal Saudi’s. That’s for sure

This thread is gold

>>20546170
https://www.prnewswire.com/ae/news-releases/islamic-research-and-training-institute-partners-with-samsung-backed-blocko-s-e24p-to-launch-blockchain-based-smart-credit-management-platform-to-boost-islamic-finance-sector-892544339.html

How the Smart Credit Management system works

Shari'ah law prohibits banks from charging interest on loans to their borrowers. Islamic banks offer financing to individuals and businesses through real economic transactions such as joint ventures, deferred sale, and leasing agreements. In offering credit financing, Islamic banks need a mechanism to discipline debtors to pay on time.
The new system being developed by IRTI and implemented jointly by IRTI and E24P will solve these problems through a novel incentive mechanism that encourages early repayment and contributes fees to an insurance pool that covers involuntary credit defaults.

>>20545621
this is my suspicion as well. the announcement says
>"provide technical support for 'Samsung Blockchain Service’"
if they were going to be using aergo mainnet wouldn't they just say so

>>20546664
You realize Aergo is to Ethereum, what Blocko is to Parity and E24P is basically EEA except for Chaebols and Royal Saudi’s? What the fuck else would they use?
Phil Zamani is the founder of all 3. OP is spoon feeding you and like a retarded baby, it’s ending up all over your face and high chair. Stay hungry and poor

>>20546664
The LinkedIn is the holy grail of breadcrumbs.

Under Aergo, Blocko, E24P .. all specifically mention the same thing

AERGO: “Focused on advanced government & enterprise client needs - where blockchain solves problems not possible with traditional IT & databases.“
BLOCKO: “ Enterprise Blockchain Platform for smart government, smart tourism, smart finance and smart supply-chains with Government and semi-Government enterprise clients - where blockchain solves problems not possible with traditional IT & databases.”
E24P: “ Only available to select organisations and government entities: aiming to build complex and advanced solutions - “ Focus on smart government - smart finance - smart supply-chains and green (energy efficient) solutions to global scale challenges.”
Government ... aka Royal Saudi’s and Chaebols. You guys did not deserve OPs post.
Thanks OP. Hope you share more in the future. One of the better threads biz has had

Jesus Christ, thank you anon

will sell my AMPL stack for this, that thing is about to crash anyway

this is a scam i bought at the last all time high and am still down 10x.

What's an ok bag on this one?
REQuesting financial advice

>>20546997
AMPL was cool but it’s not worth anything realistically

down 100x from ath! What a genius play!

>>20547343
Aergo is going to moon right now i fucking bet you

Top NODGE

How can their mcap be so low, easy 100x

>>20547521
No shit i question that myself - but i think its because they focus more on enterprises. Now they're entering the Defi scene and with more exchange listings i will eat my own dick if this doesn't 10x at minimum.

>>20545621
>>20546664
Guys, please try to at least spend a few minutes running through articles. I didn’t finish linking everything yet but do I need to tuck you in and give you a good night kiss. Okay here..
> In parallel with the above technical efforts (and through our strategic technology and business development partner Blocko in South Korea) we now have an extensive pipeline of large-scale enterprise clients looking to embrace Aergo. Many of these clients were early adopters — having built, delivered and released commercial solutions on a prior version of Aergo that was initially developed by Blocko. Moving to our new hybrid (Aergo public and Aergo Enterprise private platform) is the priority for many of these clients.

I try to help but some of you make it really hard like making your dog take a pill so he doesn’t die. I have to shove it down your throat, hold your muzzle closed and rub your neck so you swallow. Except a dog is a mans best friend, I don’t even know you

Bought 50k. Too tired to do research but thats okay - gambling is fun too.

So its confirmed the Samsung Partnership! What about Exchange listing?

OP thanks for sharing this. Knew about the coin because of shills here, but never looked into it

>>20547778
https://medium.com/aergo/aergo-token-metrics-update-december-2019-4e98ade8ba0e

“Whilst other projects are still hiding behind their whitepapers, our full production-ready Aergo mainnet is now in its 2nd (generation) release cycle. As part of this we recently shipped our voting rewards (staking) architecture, a new system for more accurate and fairer fees which can also be delegated to the provider, *our two-way token swap functionality,* our new DAO governance and voting model, our new *Aergo GEM stable coin,* new dApps, Aergo wallet and Aergo Connect API. Finally, we are very close to delivering our ground-breaking (practical and highly efficient) *** Merkle Bridge capability ***.
(Merkle bridge may be a deFi fundamental gamechanger)

> This will enable direct interchain transfers of Aergo tokens from the Ethereum blockchain (in ERC-20 form) to the Aergo mainnet (in native coin form). In the future other chains will also be supported unlocking huge new potential use cases and business models.

>>20546997
man ,, i think about getting rid of my COMP for this,, But me keeping my AMPL

>>20547917
see >>20547295 - Aergo will pump.

I'm in

so based I am in anons. Time to have a rideee

got a lot of insights on this thread

All star team and project is so undervalued. Aergo seems bigger than icon

>>20548329
Here's the thing. ICON had early hype, early investments, and exploded.

Aergo is literally the David to the Goliath.

so hows the best way I can pick up some of this?

>>20545139
Could honestly see this coming from a mile away

>>20548437
kucoin anon

>>20548563
what do people think about bitmax?

>>20548601
less coins to grab on there. Definitely trickier

>>20548635
appreciate it anon

>>20548478
Based OP made it so even a retard like me can see this is a for sure 10x. I saw a lot of “SAMUNG PARTNERHSIPS” threads which made me actually think it was just another bs partnership and fake hype.. Then I saw this thread and was like holy shit. So many retards will get rich off this if they just hold.

Thanks OP post and address for us to send some tips or something pls. Do you have anymore moon plays

>>20548758
Agreed it's time to hold and keep it going

Aergo finally joined Defi, 5$ very soon... Exchange listing is going to be huobi and MM pump price, hype influencers all going to moon to 5$

>>20548970

24hrs till I can tfr from binance to huobi to pick up these suckers. am I going to make it in time?

>>20549257
**kucoin

>>20549303
It's 4 hours until Aergo's MM next pump as anon mentioned. I fucking hope it happens

>>20549525
put the brakes on for 24hrs please

>>20549525
Already going up, getting accumulated heavily now

I literally was all in NKN with a non-trivial amount until recently but that shitcoin never moved. Sold them all for Aergo (top 50 wallet now). Please tell me I'm gonna make it and this isn't a PND shill effort which will have me end up holding bags on illiquid shit exchanges. The last few years have been brutal.

>>20549840
>>20549808
It's not in my hands im just another bagholder lmao - what else you boys holding?

>>20549885
It's not, it will go on a good exchange AFAIK but im doubtful for binance. Thinking Huobi or Okex which is still decent.

>>20545139
OP is this true?

>>20550306

This is Icon on steroids with UBT's enterprise adoption

Getting buy signals from a lot of TG groups I am part of, seems like this one is gonna moon this week. Got me a comfy bag

>suddenly all the shills fell quiet
Is it bedtime in gookland? Not buying your bags lmao.

>>20551776
Aussie here, can confirm, it's bed time.
Goodnight faggot.

>>20551776
they just made a new announcement. Listing in about 13 hours

>>20550809
80 cent to catch icon's market cap, too. It's just a question of how long it will take to pump...

>>20545139
All talk, no action.

Meanwhile the Korean project LUNA has 1.8 million active users using the Chai dApp. Annual runrate: 1.2 Billion $. 3rd after BTC and ETH.

Fuck this looks like a real deal. Arab coin + ( made in Korea )

?? make it stack 10000 ??

>>20549885
Here is private call I gave for AMPL before anybody shilled it. Hopefully that helps ease your mind. Check the date and go see what AMPL market cap was then and do the math

@jpbanks is my telegram if you need help. No reason you should be struggling

>>20552352
You realize the point of crypto is to have no fees? Not the most. You’re disqualified

>>20553154
Chai have 25x less fees than VISA/Mastercard, hence why widely adopted. You can see for yourself https://www.chaiscan.com/

>>20551776
If you can keep your attention span in one place for 5 minutes just thoroughly review his career https://www.linkedin.com/mwlite/in/philzamani

>>20545139
Thanks OP, great spoon feeding. It's nice to have a break from the pajeet uniscams.

>>20551776
https://medium.com/aergo/drawing-a-parallel-between-linux-and-blockchain-160f79ca74e6

Read that as well. Phil Zamani helped open source during early internet. Pioneered secure and scalable networks for Deutsche Telekom and Linux/Red Hat. Mastered software design and electrical engineering before that. I mean just go to his LinkedIn. Takes 5 mins

Who is buying?
Aergo has insane volume/mcap ratio at the moment. I think lots of people are accumulating