Key Blockchain Issues
The goal of Aurora is to link all of the above sectors with an encompassing blockchain that is powered by a smart contract platform which will allow for the development of the new class of decentralized applications. At the same time, the existing blockchains are seen as plagued by the issues that the platform plans to resolve.
Aurora sees blockchain as a platform for cross-sectoral cooperation among diverse industries. This will be achieved by allowing the companies to integrate their own applications and rules into the blockchain and use them to establish key links with businesses in other industries. The platform will develop smart contracts with robust underlying support and tools in order to make them useful for diverse industries. The public chain is seen as the major source of support in an effort to make smart contracts faster to execute. Also, Aurora plans to speed up the processing time of transactions by merging the existing technologies with the new ones.
Aurora wants to offer blockchain architecture which is fully upgradeable and aims to automate the entire process in the long run. This will be achieved with the help of technologies such as the automated upgrade of block heights and the implementation will make the ecosystem development much faster but will also bring down the cost of data storage capacities.