Sometimes, it is important to show feasibility of a project before it is fully realized. The process for this is called a proof-of-concept, meaning an attempt to illustrate the practical potential of a concept or a theory. A proof-of-concept prototype is mostly a small — but sufficient — executed part of the full project. In science, proof-of-concept studies are small-scale studies designed to find preliminary evidence of some idea to gain financing for widening the research process. The proof-of-concept practice has been widely adopted by the filmmaking industry, engineering and security companies, software development, drug development and other fields of work. Sometimes the term “proof-of-principle” is used as a proof-of-concept synonym. However, the usage of this term comes from drug development studies where different meanings are attributed to both terms and varies from author to author.
The Oil & Gas Blockchain Consortium successfully piloted a blockchain-based system for Authorization for Expenditure.
Oil and Gas Consortium Is 1st to Apply DLT to Industry Balloting
Deutsche Boerse and Swiss state-run telecom Swisscom have settled securities transactions using different blockchain protocols.
Deutsche Boerse, Swisscom Settle Securities with Corda and Hyperledger
A branch of U.S. Customs and Border Protection will test blockchain-based shipping for licensed shipping partners.
US Customs and Border to Trial Blockchain Shipping Proof-of-Concept
A shipping container is reportedly the first to enter the Netherlands having been tracked from South Korean entirely by blockchain.
Samsung, Dutch Bank, Rotterdam Port Send Blockchain-Tracked Shipment
ZenGo reportedly shows that its keyless wallet solution can support Facebook’s announced virtual currency Libra via testnet demonstrations.
ZenGo Demonstrates Proof-Of-Concept of a Keyless Wallet for Facebook’s Libra
The Rhode Island government is seeking proposals from qualified firms on blockchain solutions that improve efficiency, transparency, accuracy and security in th...
Rhode Island Solicits Proposals for Blockchain Solutions in Government
Talking with the director of ecosystem at Hyperledger on blockchain adoption, community stereotypes and the power of education.
Blockchain Democratizes a Lot of Things: Hyperledger’s Marta Piekarska