Thank you to the kind messages, the PoC team is inspired by them. There are so many reasons to use PoC in many areas. One example is its use by Software Developers early on in the development cycle of a software or to sell the concept of the software. Validation of technical feasibility, identification of the possible expectations from a platform, identification of potential stumbling blocks and determination of the scope and customization level required necessarily to complete a project are some of the concepts of early development cycle of a software where PoC can be used. By tokenizing PoC, it allows for this process to be open and adjusted to necessary input of an emerging PoC platform.
Software developers can also use PoC to identify performance issues of the project. These days most of the software developers assemble various applications and solutions by using the functions and services offered by other applications and using certain integration methods. These integration methods are used in the overall context of the software to test them with trial products. It also helps in validating the assumptions regarding the possibilities provided by the framework or platform.
In this way the results provided by the use of Proof of Concept include the confidence factors of technical feasibility along with the factors influencing the overall estimate of the efforts as well as the scope of efforts.
I am very excited by this project, especially regarding the the blockchain proof of concept (PoC). Many are already investing heavily in a blockchain proof of concept and distributed ledger technology, exploring use cases for their own business operations and for customers (including B2B and consumer applications). A recent Gartner survey revealed that 66% of CIOs and IT leaders believe blockchain will create business disruption, and have established budgets to experiment with the the technology; 5% of those surveyed said they will spend more than $10 million on blockchain in the next 5-10 years.
As a forward-looking technology and/or business leader, you are probably contemplating the potential for disruption in your industry and maybe even wondering about how you can leverage blockchain to create a competitive advantage for your business.
So, how do you cut through the noise and hyperbole around blockchain and decide where to start? The answer is simple: Invest in a blockchain proof of concept in 2018.