Blockchain as a service explained

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] 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]

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.

Notes and References

1. Book: Baalamurugan . K. M. . Blockchain Security in Cloud Computing . Kumar . S. Rakesh . Kumar . Abhishek . Kumar . Vishal . Padmanaban . Sanjeevikumar . 2021-08-12 . Springer Nature . 978-3-030-70501-5 . en.
2. Web site: Understanding Software-as-a-Service (SaaS). Grant. Mitchell. Kenton. Will. Investopedia. en. 2019-09-30.
3. Web site: Blockchain-as-a-Service (BaaS). Frankenfield. Jake. Investopedia. en. 2019-09-30.
4. Web site: Best Blockchain-as-a-Service Options. Clarke. Laurie. 2019-05-30. Computerworld. en. 2019-10-02.