How the Blockchain as a Service (BaaS) works

The Blockchain technology has constantly evolved in terms of its application fields. Their participation as support for the operation of cryptocurrencies has been a boost to the eyes of other industries that seek to take advantage of all the capabilities, benefits and opportunities that this can offer.

One of the contributions that this technology has had is the creation of cloud-based solutions that allow the chain of blocks to be used as a service (Blockchain as a Service), so that users can execute a series of actions linked to the blockchain. at the same time that the service provider is responsible for managing all the operations necessary to maintain the operating platform.

Among this series of actions that the user has the ability to perform in the blockchain is the construction, use and hosting of their own applications, as well as the development of functions associated with the chain of blocks and likewise the creation of intelligent contracts.

All these activities offered by blockchain services in the cloud, are aimed at a greater adoption of technology for both companies and individuals and their implementation is carried out under the same dynamics and functioning as Software as a Service (SaaS).

Likewise, Blockchain as a Service, in addition to seeking the adoption of technology by different industries and companies, proposes a way to approach its use without necessarily having to assume a development from scratch, configuration and subsequent maintenance, which would normally represent a impediment to its use.

This is how a good part of the large companies, technologies and startups, have come up with the offer of a solution that avoids these types of inconveniences through a blockchain service (BaaS).

¿How does Blockchain as a Service work?

Being a service like any other, it is provided by a third party that acts as a provider of a blockchain platform with all the infrastructure and operations involved and that, in addition, the user must pay with a corresponding price for its capacity of use and its maintenance.

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The provider must take care of the configuration, the connection of the nodes and the complex back-end on behalf of the client so that the latter can develop its own activities in the blockchain. Similarly, the service provider maintains full responsibility for the proper functioning of the infrastructure and its software, as well as those functions related to bandwidth, hosting, allocation of resources and especially the implementation of security measures that prevent computer attacks. the chain of blocks.

Taking into account the above, the client will be able to devote his effort to the increase of his productivity with the use of his own blockchain and leave the managements of operation and maintenance to the provider of the service.

A service of a chain of blocks or Blockchain as a Service could be easily compared with one of hosting web pages, where the site owner would only be focused on developing its content or offering another service, trying to get the most out of it. possible benefit to your site through a hosting that facilitates receiving millions of visits per day and is directly responsible for their maintenance and infrastructure.

Final words

The Blockchain as a Service can serve as an impetus for blockchain technology to be adopted much easier by different industries. Its development in the market can be positive for the development of different companies regardless of the area to which they are dedicated. In the same way, it can simplify the process of integration between the different industries, making their processes more effective and significantly improving their performance.

Until the giant moments of the technological world they have developed their own concepts of the BaaS like Microsoft, Amazon, IBM and Oracle providing great variety of solutions in the cloud under a blockchain platform. It is also expected that with the growing demand will be added to these other amount of companies and startups that offer similar services.