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NEO Global Capital, AERGO announce blockchain partnership

Tony Zerucha

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NEO Global Capital (NGC), a blockchain investment fund, has announced a strategic partnership with AERGO, an end-to-end open-source blockchain platform for commercial decentralized applications. The partnership will enable NGC to advance the AERGO ecosystem through advisory support and drive collaborations with developers, enterprises, universities and research labs across Asia.

Leveraging NGC’s business portfolio and global network of developer communities, AERGO intends to drive the adoption of blockchain technology to its platform by providing companies with a new way to securely transfer data and value. By enabling organizations to integrate existing IT systems with blockchain, the platform aims to deploy distributed applications while retaining immutability, compliant record-keeping, and trust.

“As a firm, we invest not just in people, companies, or technologies, but look broadly at the future of financial technology as a whole,” NGC Global Capital founding partner Roger Lim said. “We do everything we can to help blockchain projects with a pragmatic approach to expand 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 will provide Blocko, a Korean blockchain infrastructure provider and IT firm, with new ‘distributed trust’ solutions to service its existing customers such as Shinhan Bank, Lotte Card, Samsung, and KRX.

“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,” AERGO chairman and CEO Phil Zamani said. “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.”

 

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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