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.
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Why do enterprise blockchain implementations fail, and what can enterprises do to increase their chances of success?
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The Oil & Gas Blockchain Consortium successfully piloted a blockchain-based system for Authorization for Expenditure.
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Deutsche Boerse and Swiss state-run telecom Swisscom have settled securities transactions using different blockchain protocols.
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A branch of U.S. Customs and Border Protection will test blockchain-based shipping for licensed shipping partners.
3797 - News
A shipping container is reportedly the first to enter the Netherlands having been tracked from South Korean entirely by blockchain.
7911 - News
ZenGo reportedly shows that its keyless wallet solution can support Facebook’s announced virtual currency Libra via testnet demonstrations.
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The Rhode Island government is seeking proposals from qualified firms on blockchain solutions that improve efficiency, transparency, accuracy and security in the state.
5284 - Interview
Talking with the director of ecosystem at Hyperledger on blockchain adoption, community stereotypes and the power of education.
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The Australian Transaction Reports and Analysis Centre is trialing a blockchain prototype for the automation of international funds transfer instructions.
3824 - News
The major Japanese investment bank has published the results of a pilot project, aimed at implementing blockchain tech for securities post-trade processing.
5343 - News
U.K. revenue and customs watchdog postpones the trial of its blockchain solution in the wake of Brexit.
2757 - News
26 French companies along with five banks have successfully completed a blockchain-enabled KYC trial with R3 consortium.
7237 - News
Ethereum-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.
9989 - News
SoftBank will enable global users to conduct international money transfers via RCS, SMS, or mobile email with a blockchain payment system.
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