A blockchain proof of concept (POC) is an exploratory effort designed to test key business hypotheses around a blockchain implementation. Essentially, a blockchain POC is like a pilot test where you get to see how a blockchain could impact your organization. In fact, many experts refer to this as the “first step towards enterprise blockchain adoption”.
The goal of a blockchain POC is to identify the potential benefits and challenges of implementing this technology in your organization. With a POC, you can decide whether blockchain is a good fit for your company. If it is, you can then move forward with a full-scale implementation.
Blockchain is one of the most popular technologies that has been disrupting the business world in recent years. It is a decentralized ledger that records transactions in a distributed manner, making it more secure than traditional databases. The technology has already been introduced to the industry and many companies are looking for ways to incorporate blockchain into their development process.
The blockchain is an immutable digital ledger that stores data in blocks. These blocks are linked together to form a chain, with each block containing data about the previous block. This makes it difficult for any data to be changed or tampered with without being detected. This immutability is one of the most attractive features for businesses looking for ways to automate their processes and reduce costs.
Blockchain technologies can be used in many different ways including supply chain management, financial services, healthcare and more. They offer an opportunity for companies to get ahead of their competition by automating new business models and processes before
Like we mentioned earlier, a blockchain POC is the first step towards implementing blockchain technology within your organization. Although blockchain is a relatively new technology, it has the potential to transform industries and the way businesses operate. Because blockchain is relatively new, there’s a lot of uncertainty around the technology.
To help organizations better understand the potential of blockchain, they need to test it out with a POC. By doing this, businesses can answer key questions before moving forward with blockchain adoption. Thus, a blockchain POC can help you identify potential use cases, determine the right blockchain for your organization, and plan the blockchain development process. Once you have all this information, you can move forward with implementing blockchain at scale.
The key is to select the most important problems whose solution will significantly change the life of the target user. Thanks to such an approach, already at the stage of Discovery and Design, it will be possible to build a successful product on the market much faster. It is always worth asking yourself the question “what value does the feature give to our user? Is it worth the investment?”
When transferring an NFT, ownership is transferred to the buyer via blockchain-powered smart contracts.
As the code stored on the contract isn’t changeable due to this being automated, there’s no way for third parties to interfere with it.
Our platform is completely governed by it’s users. Their decision rights are managed through our NFT marketplace and, in turn, they form the Decentralized Autonomous Organization (DAO).
This means that they can make contributions in order to upgrade the platform using NFTs.
Our escrow feature helps you find the best deals in the marketplace and get your money from buying or selling parties with confidence.
The blockchain makes this possible and we make you feel secure
From the beginning, GMI was able to anticipate possible risks and interruptions. The design environment was adapted to our working mode and was simple enough for the product owner to meet his requirements and those of the development team.
Thanks to the great attention to the quality of the code, the project was delivered on time and there were no internal complications associated with the product development. However, there were external complications (service providers), which GMI helped to solve with us.
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With the greatest pleasure and full responsibility, we recommend GMI as a professional contractor for web applications and CMS systems. We chose GMI primarily because they approached our inquiry very professionally. Very fluent contact at an early stage of talks announced that the implementation would be equally efficient and it actually was.
If there is an opportunity in the future to jointly implement another project, we will definitely use the services of GMI again.
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I have worked with the GMI Group on many projects over the last 4 years. I have always been satisfied with the quality of the commissioned works, which were made by Mikołaj Lehman and his entire programming team.
GMI has unique skills to translate ideas into reality. They are very efficient, discreet and, above all, trustworthy.
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