A Proof of Concept (POC), is used to show the feasibility and practicality of
any blockchain project
in any area such as Energy, Communication, Services, Insurance, and Healthcare. A Proof of Concept
(POC) can be either a prototype with no supporting code or an MVP (Minimum Viable Project) with only
the core features. A prototype is an internal tool that allows for a better understanding of a
POC in certain areas
Management of medical records
Management of identity
With a team of proficient Proof-of-Concept developers, we
demonstrate the technical viability and market potential of a product through our intricate POC
To ensure that the product's feasibility and productivity can be
demonstrated to stakeholders and end-users, any project must have viable theoretical cases. A set
of proposals should be created that will outline the parameters of your project. This proposal
will be the centrepiece of any future discussions.
All the parties involved in the project have agreed to the
Theoretical process. The theory is now being tested by creating a prototype that can be presented
to the decision-makers. It could contain information architecture, code and sketches.
This stage is about creating a product that has the minimum number
of features that can be used over time. The MVP stage is used to validate the hypothesis of the
project and determine if the product can be implemented. This is the stage where end-users may try
FAQ(Frequently Asked Question)
Proof of capacity (PoC), is a consensus mechanism algorithm that allows mining devices to use their
hard drive space to determine mining rights and to validate transactions.
A Proof Of Concept (POC), is used to show the practicality and feasibility of any blockchain
project. It can be used in any field, including Energy, Communication, Services, Insurance, and
Healthcare. A Proof of Concept (POC) can be either a prototype with no supporting code or an MVP
(Minimum Viable Project) with only the basic features.
Proof of work (PoW), is the original consensus algorithm for a blockchain network. This algorithm
confirms the transaction and adds a block to the blockchain. This algorithm is used to allow minors
(a group) to compete for the right to complete a transaction on the network.
Blockchain is a system that records information in such a way as to make it hard or impossible for
anyone to modify, hack, or cheat the system. Each block in the chain is made up of a set of
transactions. Every time a transaction occurs on the Blockchain, an entry of the transaction is
added to the ledger of each participant.
A Blockchain is a collection of blocks that contains information. An example of a Bitcoin Block is
It contains information about the Sender, Receiver and number of bitcoins that will be transferred.
Bitcoin Block. The Genesis Block is the first block in the chain.
Many Blockchain networks have their own tokens of cryptocurrency. Within the network, they handle
payments and settle transactions. The parent company raises the token value and sells sales. These
are just a few of the ways that businesses based on Blockchain make money.
We'd Love To Hear From You!
Know your requirement, our technical expert will
schedule a call and discuss your idea in detail. All information
will be kept confidential.