POC a small but important exercise for testing an assumption of an idea. The purpose behind the development of POC is to verify a theory or a concept and demonstrate its functionality after its development. This is a powerful exercise that lets an innovator visualize the functionality of an innovation.
Private Blockchain can be referred to as the permissioned blockchain. In this form of blockchain, one or more than one entities have control over the network. The entities participating in it know about it and any other entity would not be able to access it.
Cryptocurrency is a form of digital asset that is designed for work as an exchange medium. Cryptography secures a transaction and controls the creation of additional units along with verifying the transfer of assets. A cryptocurrency offers a number of benefits to a business including: Lower costs Fraud reductions Instant Payments Reduction in trade barriers