Blockchain-as-a-Service, or BaaS, is a managed blockchain platform allowing buyers to build blockchain applications and digital services on a distributed network while the vendor supplies infrastructure and blockchain building tools.
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Blockchain-as-a-Service, or BaaS, is a managed blockchain platform allowing buyers to build blockchain applications and digital services on a distributed network while the vendor supplies infrastructure and blockchain building tools. As blockchain application development continues to expand to uses beyond cryptocurrencies, blockchain as a service becomes more in demand as a hosting option.
Similar to software-as-a-service, blockchain as a service lets businesses get applications up and running with minimal hassle. This allows higher agility and quicker blockchain adoption. Blockchain applications are becoming more and more desirable, but they can be challenging to set up for smaller businesses or organizations with limited IT resources. A blockchain-as-a-service provider can provide professional assistance in addition to their hosting services.
Some of the most common features offered in Blockchain-as-a-Service platforms are as follows:
Platform architecture management
modular, preconfigured networks and infrastructure
Easy setup workflow
Middleware for monitoring & development for app building
Dashboard to view and analyze chaincode
Auditable transaction record
Built in connections to needed services
Professional consultation