Blockchain POC Software Development Company Malaysia
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The blockchain proof of concept (PoC) many Fortune 500 companies are already investing heavily in a blockchain proof of concept (PoC) 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 have been established budgets to experiment with the the blockchain 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 — may be even wondering about how you can leverage blockchain to create a competitive advantage for your business.
A Proof of Concept (POC) is used to demonstrate the feasibility and practical potential of any blockchain project in any field such as Energy, Communication, Services, Insurance and Healthcare.
People generally first hear about blockchain through cryptocurrencies such as Bitcoin. However, blockchain - the distributed ledger technology that underpins Bitcoin - has been increasingly adopted by businesses for a wider range of uses beyond digital currencies.
The requirements of blockchain smart contracts for business are largely different to the public variant: the identity of participants must be known; permissions blockchains require no "proof of work"; and the scope of permissions blockchains is also different.
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