Blockchain is an evolving technology and it has emerged exponentially because companies are now understanding the benefits of the blockchain. However, many companies are not able to implement blockchain for array of reasons. Block Chain-as-a-Service (BaaS) providers have made it easier for the companies to implement blockchain whose core proficiency is in fields other than IT.
Block Chain-as-a-Service (BaaS) is a cloud based managed platform allowing customers to use cloud-based solutions to build blockchain applications and digital services on a distributed network while the vendor supplies infrastructure and blockchain building tools.
BAAS help businesses develop and host blockchain apps and smart contracts in a blockchain ecosystem that is managed and administered by cloud-based service providers.
The BAAS operator typically offers support activities like bandwidth management, suitable allocation of resources, hosting requirements, and data security features. As a result, enterprises can focus on their core business without worrying about the day-to-day complexities of operating a blockchain. Some of the popular BaaS providers in the market are Microsoft, Amazon, R3-Corda, IBM, SAP Cloud Platform Blockchain.
BaaS may become the spur that leads to widespread adoption of blockchain technology and to a deeper comprehension across various sectors and businesses