Proof of Concept

Proof of concept (POC) is a pilot project to confirm if an idea or theory possesses the potential for real-world applications. The overall objective of POC is to provide solutions for technical problems. We can help you with a POC that can demonstrate the practical possibility of blockchain projects in fields such as energy, communications, insurance, and healthcare. POC projects are taking place in numerous industries and here are examples of what we can work with you on:

  • Medical records management-Interoperability of medical data among various institutions is a problem. Blockchain has the potential to enable the security of lifetime medical record sharing across multiple providers. The platform uses a single source of information that is easily and securely accessed.
  • Voting trackers– The application of blockchain technology can eliminate voter fraud, provide an honest record of the votes cast, and prevents any chances of election rigging.
  • Identity management- A blockchain can offer one ledger shared with all network participants, smart contracts that ensure signed business document execution, trust between known participants to verify transactions.
  • Insurance policies- Blockchain technology allows the insurance industry as a whole to streamline their processing while offering their customers a better experience when making a claim.
  • Legal documents- All areas of legal practice can benefit from blockchain technology including contracts and smart contracts, land registry and deed management, and intellectual property rights.

POC And Blockchain Development

POC allows an institution to see software operate in a simulated environment using real customer data. A blockchain POC project requires data about your business. Having measurable success criteria is crucial to concept success. Typical information needed for a blockchain might include:

  • Who is the target user?
  • Which blockchain platform should we use?
  • What type of blockchain should we use?
  • How will we measure the success of the POC?

POC And The Potential For Blockchain Applications

A POC for blockchain development can be a prototype with no code supporting it, or it can be an actual product with essential features. POC can serve as a mockup for a variety of industries including health, banking, legal, and insurance. It provides an environment to test ideas and functional capabilities of a blockchain. There are a few steps to follow to make POC ideas successful projects:

  • Organize a team, define goals, establish resources, scope and plan documentation.
  • Work with stakeholders to prioritize function, develop use cases, and define success criteria.
  • Configure the software, replicate the operational environment, implement the POC solution build.
  • Create a test design, test scripts, and test case steps.
  • Review the POC results with all stakeholders. Compare outcomes to success criteria, summarize findings and lessons learned.

The use of a POC to find solutions to technical problems is rooted in real-world applications. Those industries using a POC will gain a tremendous amount of experience in the search for answers.

POC Services We Provide

The first step in a POC project is determining if there is a need for the idea. We can deconstruct the concept to identify the goals and problems and to find the best solution for your theory. Our POC services will help your organization to:

  • Determine the best type of blockchain for your specific
  • Evaluate potential blockchain platforms for your
  • Design and architect peer-to-peer systems and applications.
  • Identify essential security and privacy considerations.

Our services include information architecture, sketches, mockups, wireframes, visual design, and user testing. We provide full-service blockchain development on multiple frameworks and platforms in numerous industries. We can determine if your idea is a feasible solution to your technical problem.