Blockchain as a Service (BaaS)
What is BaaS?

Baas is based on the Software as a Service (SaaS) model and works in a similar fashion.

BaaS refers to third-party cloud-based infrastructure and management for companies building and operating blockchain apps.

It functions like a sort of web host, running the back-end operation for a block-chain based app or platform.

Why BaaS?

-Consumers and businesses are increasingly willing to adapt to blockchain technology.

-However, the technical complexities and operational overhead involved often act as a barrier.

-These include creating, configuring, and operating a blockchain and maintaining its infrastructure

How does BaaS do it?

-BaaS offers an external service provider to set up all the necessary blockchain technology and infrastructure for a fee.

-Once created, the provider continues to handle the complex back-end operations for the client.

-These include activities like bandwidth management, allocation of resources, hosting requirements, and data security features.

-The BaaS operator frees the client to focus on the core job, the functionality of the blockchain.

-A BaaS provider’s role is similar to that of a web hosting provider.

-The website creators create and run all the website content on their own personal computers.

-They may hire support staff or sign up with an external hosting provider like Amazon Web Services or HostGator.

-Similarly, these third-party companies take care of the infrastructure and maintenance issues.

The Future

-BaaS may be the catalyst that leads to a wider and deeper penetration of blockchain technology across various industries and businesses.

-Businesses don’t have to create and run their own blockchains.

-Instead they can now simply outsource the technically complex work and focus on its core activities.

Thank You For Reading
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['Blockchain', 'Blockchain Development', 'Blockchain Technology', 'Blockchain Startup']