Proof of Concept (POC) Development

A Proof of Concept (POC) is employed to demonstrate the feasibility and practical potential of any blockchain project in any field like Energy, Communication, Services, Insurance, and Healthcare. A POC can either be a prototype with none supporting code or any MVP (Minimum Viable Product) with bare features. A POC may be a prototype that's used for an indoor organization that will have a far better understanding of a specific project.

Areas of POC

Medical records management
Voting trackers
Identity management
Record storage
Insurance policies
Legal documents

Developing a proof of concept typically involves several stages during which the project is fleshed out and possible weaknesses are identified.



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The Blockchain PoC Development Process

Business value definition

The first step of the PoC development involves determining the business value that the client wants to prove. During this process, we work together with the client to test the initial theoretical and practical implications of the project in order to flesh it out.

Scope outline

Once the business value of the project has been defined, the scope of the blockchain PoC is outlined. Here the PoC begins to take shape – the execution of the project is determined and agreed upon with the stakeholders. This stage also involves the identification of the most appropriate blockchain consensus mechanism for the project.

Technical architecture design

At this stage, the basic technical architecture of the PoC is laid down. For the purpose of the architecture design, the best technology solution and platform must also be determined. This includes the choice between permission and permissionless blockchains, as well as private, public, and hybrid types.

PoC development

Once the architecture and solution have been determined, the PoC itself can be developed. Depending on the complexity of the PoC, this stage can involve a multitude of sub-steps. For example, at this stage APIs may need to be built, admin and user interfaces need to be designed, etc.

PoC showcase and analysis

After the development stage, the PoC is showcased in front of the client and analyzed. This stage demonstrates the feasibility and practicality of the blockchain project idea. Depending on the outcome of the project, this may lead to the development of an MVP and, later on, toward a full-fledged blockchain application.