Private Blockchain Technology Development Strategies for Business Promotions

A POC can either be a prototype without any supporting code or any MVP (Minimum Viable Product) with the bare feature set. A POC is a prototype that is used for an internal organization who can have a better understanding of a particular project.
So, how do you cut through the noise and hyperbole around blockchain and decide where to start? The answer is simple: Invest in a blockchain proof of concept (PoC) in 2018. How to get started with a blockchain PoC.


Getting started with blockchain is easier said than done, right? Of course — but you don’t have to make a massive commitment to begin. In fact, our Block First blockchain developer practice is specifically designed to remove any friction and barriers for businesses. We provide all of the strategic, technical and delivery expertise needed to launch a successful blockchain PoC in 6 weeks or less.
Enterprise private blockchain applications can be described in terms of the assets participants and transactions that are to be shared in the business network. Taken together,in these components run on distributed processing systems known as a fabric, that governs how blockchain applications run.


Blockchain Smart contracts - the codification of the business rules that implement transactions - are effectively stored procedure calls that are run in multiple nodes on a network and whose outputs are agreed upon by all network members through a process of consensus. There is a challenge in mapping the assets participants and transactions of a blockchain solution to the technical realities of such a blockchain processing system.


Hyperledger blockchain Composer, one of the Hyperledger projects hosted by The Linux Foundation, aims to solve this problem. To illustrate the use of Hyperledger Composer, we will use it to create an instance of a car auction on a blockchain.
  
                                                                                                          
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