Proof-of-Concept News

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.

News
The central bank is budgeting nearly $255,000 to develop a central bank digital currency sample wallet that could execute basic features such as transactions an...
Bank of England opens applications for 'proof of concept' CBDC wallet
Jesse Coghlan
2022-12-12T05:18:15+00:00
9158
How to crypto
NFTs can be fixed-priced or sold during an auction. However, creators should consistently sell to demonstrate a proof-of-concept to boost the NFT’s floor price.
NFT pricing strategy: How to price your NFTs?
Onkar Singh
2022-11-06T13:25:00+00:00
9603
Sponsored
A platform that enables the creation of verifiable credentials on the blockchain expects its new mobile wallet to play a bigger role than merely sending and sto...
A blockchain-based platform that helps create verifiable credentials launches its own mobile wallet
Samyuktha Sriram
2021-12-07T15:00:00+00:00
2062
News
Sri Lanka’s recent economic uncertainty seems to be the driving force behind its interest in cryptocurrency and the government's new exploration into KYC techno...
Central Bank of Sri Lanka completes proof-of-concept KYC platform
Arvin Donner
2021-10-28T23:09:53+01:00
9441
News
After an earlier attempt, China Construction Bank has gone back to the drawing board with new partners and a new proof-of-concept for a blockchain-based bond.
China Construction Bank’s blockchain bond efforts take a new direction
Marie Huillet
2020-12-04T12:14:37+00:00
12282
Opinion
Why do enterprise blockchain implementations fail, and what can enterprises do to increase their chances of success?
Top Three Reasons Why Enterprise Blockchain Projects Fail
Matthew Van Niekerk
2020-08-16T17:00:00+01:00
17703
News
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
Helen Partz
2019-12-18T22:12:00+00:00
4187
News
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
Helen Partz
2019-11-19T13:14:00+00:00
3986

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