In anticipation of the PoC platform I have done some research with regard to PoC to share data which may be very useful to the PoC team. This uses the Fintech Proof-of-Concept.

The Bank of England (BoE), Britain’s Central Bank, published a Proof-of-Concept (PoC) which analyzes the possibilities of allowing users to share data in a safe and secure network. The bank partnered with blockchain infrastructure provider, Chain, to examine the problem and work on the possible solutions.


While the PoC was not implemented practically, both companies tried to answer questions that arose from developing a distributed network system. For instance, allowing participants from all over the world to share a blockchain network raises privacy concerns. In such cases, even with the use of cryptography, people may find ways to access transactions of other users. The Bank of England took a central authority and a regulator as an example. If they were exchanging data and transferring assets, transactions would have to be concealed from other participants. Additionally, it would have to be ensured that people in the “consensus process [do] not have full visibility of transaction details.”

Using encryption techniques doesn’t guarantee complete security from attackers. One way to avoid it would include creating a partially distributed network where data is only shared between those participants directly involved in each transaction.

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