Proof of concept (POC) of a Blockchain Application or any other application is a working prototype that helps to establish evidence that the potential product can be successful. Developing a proof of concept can help a product owner to identify potential gaps that might interfere with the success. It also provides the opportunity to solicit internal feedback about a promising product and reducing unnecessary risk. It provides the opportunity to stakeholders to assess design choices before full-scale implementation.
The cyber attacks are increasing very quickly and hence the threat to Cyber Security. In this article we have discussed about Blockchain Technology – whether it can be used to secure the cyber world or not?
The Era of Digitalization, The Era of Cyber Attacks
As the era of artificial intelligence and automation is around the corner, security has become one of the major concerns for the major businesses. And when we talk about security, the one technology which is gaining huge acceptance is Blockchain Technology.
Blockchain Technology has found a powerful use case in the Land Registration Process because of the security features it offers. The unalterable and non-hackable properties of a Blockchain are enticing Governments around the globe to implement Blockchain solutions in the Land Registry Process.
Anyone in the world can download the data and read the data. Anyone can participate in the consensus process to write the data or block into the public Blockchain. There are numerous public blockchains. Bitcoin which is a peer to peer currency exchange was the first public Blockchain followed by Ethereum which allows anyone to build smart contracts and decentralized apps on it. Some other examples are Dash and Lisk.