After an earlier attempt, China Construction Bank has gone back to the drawing board with new partners and a new proof-of-concept for a blockchain-based bond.
Proof-of-Concept News
Sometimes, it is important to show feasibility of a project before it is fully realized. The process for this is called a Proof-of-Concept, meaning an attempt to illustrate the practical potential of a concept or a theory. A Proof-of-Concept prototype is mostly a small — but sufficient — executed part of the full project. In science, Proof-of-Concept studies are small-scale studies designed to find preliminary evidence of some idea to gain financing for widening the research process. The Proof-of-Concept practice has been widely adopted by the filmmaking industry, engineering and security companies, software development, drug development and other fields of work. Sometimes the term “Proof-of-Principle” is used as a Proof-of-Concept synonym. However, the usage of this term comes from drug development studies where different meanings are attributed to both terms and varies from author to author.
- 12056
Why do enterprise blockchain implementations fail, and what can enterprises do to increase their chances of success?
17121The Oil & Gas Blockchain Consortium successfully piloted a blockchain-based system for Authorization for Expenditure.
4037Deutsche Boerse and Swiss state-run telecom Swisscom have settled securities transactions using different blockchain protocols.
3810A branch of U.S. Customs and Border Protection will test blockchain-based shipping for licensed shipping partners.
3797A shipping container is reportedly the first to enter the Netherlands having been tracked from South Korean entirely by blockchain.
7911ZenGo reportedly shows that its keyless wallet solution can support Facebook’s announced virtual currency Libra via testnet demonstrations.
3885The Rhode Island government is seeking proposals from qualified firms on blockchain solutions that improve efficiency, transparency, accuracy and security in the state.
5284Talking with the director of ecosystem at Hyperledger on blockchain adoption, community stereotypes and the power of education.
3687The Australian Transaction Reports and Analysis Centre is trialing a blockchain prototype for the automation of international funds transfer instructions.
3824The major Japanese investment bank has published the results of a pilot project, aimed at implementing blockchain tech for securities post-trade processing.
5343U.K. revenue and customs watchdog postpones the trial of its blockchain solution in the wake of Brexit.
275726 French companies along with five banks have successfully completed a blockchain-enabled KYC trial with R3 consortium.
7237Ethereum-based payment platform OmiseGo partnered with a Singapore firm behind a popular ride hailing app to develop a Proof-of-Concept and promote blockchain tech.
9989SoftBank will enable global users to conduct international money transfers via RCS, SMS, or mobile email with a blockchain payment system.
7511