POC Blockchain Application
Reduce risks with Quality
A Smart Contract is software that obtains all the relevant details of a contract- where intermediaries and middle men don’t come into play. Because of the decentralised system in which time can be saved on delays, Smart Contracts make for very affordable money saving solutions.
POC Development – Australia – Insight For Innovators
Want to be sure the ideas and concepts you’ve visualised will be as effective as possible in a business setting? Our PoC (Proof of Concept) development team is right behind you. We’re dedicated to helping businesses to evolve; our committed team of leading developers know how to support you during the development phase.
Analysing The Viability Of Your Product.
Proof of Concept development is the process of building a PoC. A PoC is an effective tool that works to validate a proposed idea in software.
A PoC verifies whether specific concepts are compatible with real-world business applications. Our PoC development services team have created many of these demonstrations in the form of mock-ups for a broad range of industries with varying levels of need and expectation.
Strengthened, Risk-Reducing App Development
PoC Development demonstrates the viability of an application or tool according to the client’s specific requirements. Entrepreneurs and start-ups can gain considerable insight into the validity of their ideas as they grow and evolve, giving more control than ever before in the initial stages of app development.
A PoC demonstrates feasibility in endless areas, including
- Legal and Insurance policies
- Identity management
- Medical and Health records
- File Storage
- Identity security
- …and much more
Frequently Asked Questions
Proof of Concept (POC) development is the process of validating a proposed idea in software development. POC development helps test specific concepts with target audience reception and other specific concepts that are compatible with real world applications. The simple question surrounding POC development is can this idea be built? POC development will help software developers demonstrate functionality of their process and verify that it could be profitable. Blockchain applications help POC development because it builds smart contracts that remove the need for middlemen and reduces the overall risk with patent lodgement. Involving Blockchain technology in POC development ensures that no one party is responsible for delegating or processing transactions and allows for a clear idea of the POC to be marketed to stakeholders earlier than normal processes.
POC Development essentially accelerates an IoT Project’s Journey and is the preferred route of global businesses digital transformation. By applying POC Development, developers can demonstrate the value and feasibility of the software and experience tangible benefits for a fraction of the normal costs. When applying POC development it is important that you focus on the end goal of the IoT so you don’t create unnecessary processes and maintain a clear idea of your IoT project. Additionally, POC development develops gateways and sensory nodes for the IoT project and establishes valuable connections between the project and cloud servers and investors. Furthermore, POC Development reduces the operational cost of the IoT Project by at least 10%.
POC Development has a series of tests to be completed so that it is proved to be valuable and feasible to investors and regulatory services.
- Target Ideation: a POC development needs to prove there is a need in the desired market for this development. To do this developers need to be explicitly clear with desired targets, target markets and target audiences of the POC. Additionally they need to understand the potential issues and prioritise them.
- Brainstorm and Evaluate Solutions: For each issue there need to be several potential solutions developed and then evaluated using a cost and benefit analysis that focuses on financials, software and procedures.
- Prototyping: After choosing a viable solution for the POC it needs to be prototype and then tested against a small targeted group of users and stakeholders. This is to see if the user experience is friendly and if there are any other surrounding issues
- Minimum Viable Product: is a small run of a fully functioning solution for the POC that is marketed and tested on a greater population in the real world.
- Plan: Create a plan which includes a step-by-step process and the end goal ready for marketing to investors and other stakeholders.
POC Development is a complex process that appears to be relatively simple. It is important that when considering POC Development that you hire a registered Blockchain consultant because they have the necessary knowledge and extensive practice in providing this applicational service. Additionally, before the process even begins you need to be able to define the need and success that will occur in developing the POC and align your expectations market trends. This will require some in depth knowledge or research and the ability to communicate and collaborate on ideas and solutions. Furthermore, developers then need an understanding of the user experience and data use for applications, which a Blockchain consultant can help advise on during the process. Blockchain consultants are an essential part to setting up your POC because they help develop smart contracts, your digital wallet (and cryptocurrency) and ensure you follow legal regulations.
The most important tool used in POC development is Smart Contracts. Smart Contracts allow for a decentralised system that will regulate users and help secure your POC before it hits the digital and global markets. Additionally, blockchain technology will help delegate processes such as transactions and the scalability of the POC, which will make it easier to market to potential stakeholders and users of the POC. Other tools include using cryptocurrency for transactional purposes which may also require wallet development and tokenization.
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Blockchain Australia MEMBER ORGANISATION
We are a proud member of the Blockchain Australia (BA)
Blockchain Australia is the industry network for businesses implementing blockchain solutions. Blockchain Australia members work together to build understanding of the potential of blockchain technology, share best practice and engage with government and regulatory stakeholders.