Blockchain as a Service (BaaS) 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)[1] 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.[2]

Many major cloud services providers now provide Blockchain-as-a-Service, including IBM, SalesForce, Microsoft, Amazon, Alibaba, Oracle and Baidu to name a few.[3]

References

  1. ↑ Grant, Mitchell; Kenton, Will. "Understanding Software-as-a-Service (SaaS)". Investopedia. Retrieved 2019-09-30.
  2. ↑ Frankenfield, Jake. "Blockchain-as-a-Service (BaaS)". Investopedia. Retrieved 2019-09-30.
  3. ↑ Clarke, Laurie (2019-05-30). "Best Blockchain-as-a-Service Options". Computerworld. Retrieved 2019-10-02.
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