AERGO Partners With NEO Global Capital, To Expand Blockchain Network

By Swati Kishore

The prominent Blockchain investment fund, NEO Global Capital (NGC) is collaborating with AERGO, an open source Blockchain platform for decentralized applications, for a strategic collaboration that will help NGC to facilitate innovation in the AERGO ecosystem. NEO Global Capital will not just provide advisory support to AERGO, but it will also facilitate collaborations with enterprises, developers, universities and research labs. The collaboration between NGC and AERGO will aid AERGO in achieving its vision to develop an open platform for distributed services.

AERGO will leverage NGC’s wide-ranging business portfolio and the worldwide network of developer communities. AERGO aims to aid in the adoption of distributed ledger technology to its platform by providing companies with newer ways to transfer value and data securely. The platform will enable enterprises to integrate the prevailing IT systems with Blockchain Technology in a seamless manner. It aims to flexibly implement distributed applications while retaining trust, compliant record keeping, as well as immutability.

The Founding Partner at NEO Global Capital, Roger Lim, elaborated on the partnership:

“As a firm, we invest not just in people, companies, or technologies, but look broadly at the future of financial technology as a whole. We do everything we can to help blockchain projects with a pragmatic approach to expanding their global reach. Our partnership with AERGO will allow us to grow its dApp ecosystem while introducing them to future lighthouse customers, open-source developer communities, technology providers, system integrators, and consumers.”

AERGO is set to provide Korea’s largest Blockchain infrastructure provider, Blocko with distributed trust solutions. These solutions will enable Blocko to provide services to customers such as Lotte Card, KRX, Shinhan Bank, and Samsung.

The Chairman and CEO of AERGO, Phil Zamani was quoted as saying:

“As we continue to uncover the scope of what blockchain can do for businesses, it’s become increasingly clear that providing companies with enterprise-ready solutions will help advance the entire blockchain ecosystem. Utilizing AERGO’s sophisticated use-case centric deployment blueprints, we look forward to helping businesses transition to blockchain solutions smoothly and enabling them to make radical infrastructural changes to their backplanes with minimal switching costs. NGC has an incredible reputation in the market for their success in incubating and supporting some of the industry’s most innovative startups.We look forward to their guidance and support as we bring our decentralized solutions mainstream.”