Lack of planning leads to imperfect execution which ultimately results in a failure. When it comes to blockchain proof of concept, there are certain things that need to be taken care of. It starts with careful planning of every step through which you’ll develop it. It doesn’t only involve the planning at the level of development but also involve intervention from CEOs, CTOs and stakeholders.
And it begins right from staffing and goes as far as testings. In case of POC, there are countless tests that a POC project has to go through. Blockchain is a much desired technology for everyone, but most of them seem be under-prepared for this technology. POC helps companies test the compatibility and efficiency of their idea. It allows them to experiment with their idea at a small scale and test the feasibility of the concept.
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Therefore, blockchain POC development has got a boost and companies are prone to get POCs before they could carry out full-fledged operations. Here are 5 basic suggestions through which you can shape up POC.
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Centered on Business Issues
A feasible POC blockchain also focuses on real business issues, it tries to dig down deeper to find the relevant solutions. Many companies are inducting blockchains into their business without understanding what they need it for. It is recommended to first analyze the issues than prepare the POC accordingly. Without this, blockchain will be a mere tool with no results for business.
Many people have criticized blockchain for finding out irrelevant and trivial issues unnecessarily. However, it is not the case as it solves a broad range of issues if implemented appropriately. It has to be understood that there is no flaw in this technology but it is in the understanding of people. It has been wrong implied and then termed unfruitful for the business.
It is essential to understand the how blockchain POCs work and what it can do for a particular business. To make it easy for you to understand, there is a questionnaire prepared following which you can figure out how influential would blockchain be for your business. Take a look at the questions and decide whether you really need a POC or not:
- What exactly is the problem in your business, can blockchain resolve it?
- Is that problem worth paying attention, money or resources?
- Is blockchain an appropriate solution or could it be addressed better with a different method or technology?
- Does blockchain give you a feasible and favorable solution?
- Will blockchain improve efficiency of your business for real?
- Will it really bring more value to your customers?
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Start Small, Avoid Risks
Blockchain is big and it is future, but it might not be an appropriate thing for you right now. Companies need to take the approach we do for taking medicines, take the right amount of dosage that you need. It is applicable to blockchain as well, you need not cling to it just because it is the biggest thing. As stated earlier, a thorough evaluation of your business has to be done first.
If you really need blockchain poc development, only then go for it and implement it in only those spaces where it is actually required. There is no benefit of boasting about blockchain in your project when it is no use for you. The right approach is find out if you really blockchain for you business and then to implement it only in that segment.
There have been instances when POCs failed to deliver the results expected out of them. In all those cases, either they had been wrongly appropriated or they were too big to be called Blockchain POC Development . This manifests sheer overlooking of the fundamentals before you try something new for your business. And if you want to give it a try, do it on a small level through a POC. It is much better to have a trivial loss instead of a big one. POC will allow you a run several tests to check the feasibility of your blockchain project.
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Thorough and Careful Planning
Planning is the base of every POC project and it has to be done thoroughly. For executing a POC project, its repercussions have to be analyzed first. It must cover all the phases of tests and their impact. A new project is propounded to increase the overall efficiency of the business and they have risks involved. Therefore, it is best to plan POC carefully and thoroughly before you actually take it to test. Otherwise, tests will only bear negative results.
Planning begins at the very early stage and it includes the whole operation. It is a process which encompasses everything and it has to be done with utmost attention. A blockchain project involves many things such as smart contracts and functionalities that have to be properly aligned. If your Blockchain Proof of Concept is not properly planned, it would just be a fiasco for your business.
It is also important to keep a learning curve while planning and executing a POC. As there are numerous tests involved in the process, it is essential to learn through the mistakes made in executing each process.
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Keep on Testing
Testing is all about finding bugs and re-running them unless achieve perfection. Deploying the smart contracts and testing them multiple times is a crucial part of this process. In case of smart contracts, they have to be re-assigned with the entire contract. It makes the whole process cumbersome and no matter how hard you try to avoid it, it happens.
As blockchain is immutable, smart contract development varies from project to project. The development and deployment of smart contract is a critical part of the process. Blockchain POC creation is an experts job and you need to hire a professional for this job. An amateur work may cost you a lot and will waste plenty of your time. Running tests and checking the facts is the base of this activity which can be efficiently done only by a professional.
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Adequate Staffing
Adequate staffing is necessary for proper execution of POC. A trained staff of POCs can execute the blockchain POC methodically and probably expedite the process. The basic task here is to get trained professional who could do it for you. That’s why most of the companies hire blockchain POC developers today. Remember, that POC is the incipient phase of the actual project.
In a way, it prepares you for the bigger task. Therefore, blockchain POC development is to be heeded with priority. Companies are doing it and POC is now becoming a preferred method to test your ideas. It is best to outsource the POC project to a blockchain developer who could perform this task with equanimity and efficiency.
Technoloader is a Blockchain Development Company that develops POC projects with a team of professionals. It has developed several POC projects for a wide variety of companies. We are a company that has mastered blockchain technology to the core and we have delivered excellent services invariably irrespective of the industry we serve.
