Blockchain as a service

Blockchain as a Service (BaaS) is an enterprise-level software service[1] that allows businesses to use cloud-based solutions to build, host and use their own blockchain apps, smart contracts and functions on the blockchain infrastructure developed by a vendor. Just like the growing trend of using Software-as-a-service (SaaS)[2][self-published source?] where access to the software is provided on a subscription basis, BaaS provides a business with access to a blockchain network of its desired configuration without the business having to develop their own Blockchain and build in-house expertise on the subject.[3][self-published source?]

Currently major Blockchain-as-a-Service providers are major cloud services providers and consulting firms, including:

  • cloud services providers: IBM, SalesForce, Microsoft, Amazon, Alibaba, Oracle and Baidu to name a few,[4] as well we major consulting firms;
  • consulting service providers: Deloitte, McKinsey, EY.

References

  1. ^ Baalamurugan, K. M.; Kumar, S. Rakesh; Kumar, Abhishek; Kumar, Vishal; Padmanaban, Sanjeevikumar (2021-08-12). Blockchain Security in Cloud Computing. Springer Nature. ISBN 978-3-030-70501-5.
  2. ^ Grant, Mitchell; Kenton, Will. "Understanding Software-as-a-Service (SaaS)". Investopedia. Retrieved 2019-09-30.
  3. ^ Frankenfield, Jake. "Blockchain-as-a-Service (BaaS)". Investopedia. Retrieved 2019-09-30.
  4. ^ Clarke, Laurie (2019-05-30). "Best Blockchain-as-a-Service Options". Computerworld. Retrieved 2019-10-02.[permanent dead link]
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