Proof of Concept is a way to identify or test a particular business idea or product for its viability in the marketplace.

The purpose of POC is to explain potential investors and/or buyers and convince them that the idea can be turned into a real and profitable venture.

The POC can be a document, the first video demo of the idea, or even an early prototype of the product. In software development, a Proof of Concept focuses on the technical aspect of the feasibility of a product or application. For example, if a cryptocurrency is to be created, it will be discussed what technologies will be used in the Blockchain, what software or updates are required, whether manpower is needed, etc. topics can be explained.