AELF (ELF)

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Aelf (ELF) is a blockchain-based cloud computing focused platform that was founded in 2017 by Ma Haobo. Like other cloud computing focused projects, it lets users rent spare computing resources out to others on the network, for which they are rewarded in ELF tokens. The network uses a Delegated Proof-of-Stake (DPoS) consensus algorithm.

The team says that there are three elements to the platform that make it an ideal choice for cloud computing: high performance, resource segregation, and optimized governance structure. As described by the team, the first is achieved through the consensus mechanism, the second through the use of side chains and cross-chain communication, and the third through the token structure that allows users to vote on how the platform evolves. The platform is marketed as a highly customizable OS that the team wants to be the “Linux system” for blockchain. 

The key areas of development are facilitating a highly customizable OS, cross-chain communication, performance improvements and private chain modules. Another important area in the team’s vision for the platform is in the ecosystem. The team will focus strongly on ecosystem development in three major areas: technology, business and capital. Targeted industries include financial services, digital identity management, the Internet of Things and smart cities. 

In 2019, Aelf has worked to expand its ecosystem. It is now supported by both Microsoft’s Azure cloud platform and Amazon’s AWS. Partnerships include Japanese gift card provider Amaten. 2020 will see the project move into phase 5, which will test and enhance features that have been developed in the field.


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