Blockchain as a service

What is Blockchain-as-a-service (BaaS)?

Blockchain as a Service (BaaS) is a blockchain service model cloud that offers customers uses cloud-based services to develop uses and host their blockchain apps, functions, and smart contracts.

Baas has there own cloud-based service provider that keeps the infrastructure in the running state. It's the responsibility of the BaaS provider to maintain the infrastructure running. BaaS also takes care of the proper allocation of bandwidth, allocation, and hosting needs. If a user uses the BaaS instead of their blockchain infrastructure, then they do not have to worry about the maintenance of the infrastructure.

How does it work?

BaaS provider manages and does the complete setup of the infrastructure for their clients. In return, clients pay fees for using their service to the provider. If users opt for the BaaS, then it can keep their focus on the core areas of their application instead of worrying about the infrastructure.

Blockchain-as-a-service can be said to be a web hosting provider.

Many websites get millions of hits, host that website on a personal server, manage the maintenance work user end or hire their resources. Another approach is to host your website on a web hosting provider such as Azure or Amazon Web Services and let them handle the infrastructure and maintenance issue.

Some of the popular BaaS providers:

-Amazon

-Azure

-R3

-SAP Cloud Platform Blockchain

Factors on which the choosing the right BaaS Platform depends:-

-Identity-based Consensus Mechanisms

-Smart Contracts Integration

-IAM(Identity Access Management) Platforms

-Different Runtimes and Frameworks

Conclusion

Blockchain as a service provides the user the relief for creating their infrastructure. All the handling of these things is by the BaaS provider. BaaS gives profit to the business owner, and with this service ability to focus on the core of the business instead of the infrastructure setup is a big plus.