Blockchain as a Service (BaaS). What is it?

2018-12-18 09:00

Technology solutions are increasingly available as rentable, cloud-hosted services. Infrastructure as a service (IaaS), for example, offers enterprises the ability to rent technology infrastructure that is based on a remote server farm.

While never owning the underlying equipment, companies have substantial control over the infrastructure plus access to the supplier’s knowledge and resources. Many IaaS arrangements will also include the provision of extensive infrastructure management and support.

Similarly, blockchain as a service gives enterprises the ability to rent blockchain infrastructure in the cloud. In other words, the hardware and software required to run blockchain applications are fully provisioned, extensively managed, and hosted by the service provider. Many of the well-known cloud service providers are offering BaaS.

Blockchain is not a new technology, but enterprise operations are still finding it difficult to get the right resources in place to take advantage of what blockchain has to offer.

Renting blockchain infrastructure in the shape of BaaS allows technology managers to instantly acquire much of the skills required to operate blockchain infrastructure. Simultaneously, the investment required to dabble in blockchain is substantially lowered: a BaaS service agreement can be scaled or completely terminated at short notice.

As a result, CTOs have a way to test the benefits of blockchain without spending large sums up front or committing to permanent hires. It provides a way forward for enterprises that want to stay at the bleeding edge of technology without taking on unnecessary risks.

Here are some of the real-world applications that can be tested and hosted on BaaS platforms:

Documentation tracking. Blockchain provides an immutable, distributed documentation tracking system. In other words, where documentation is key to transacting blockchain can ensure that all participants have equivalent access to the same information. Plus, blockchain is immutable, in other words, no participant can change records – everyone is assured that documents are correct and secure.Data storage. With data stored in a decentralised blockchain there is less risk of data loss, while blockchains are uniquely scalable. Highly regulated industries benefit from the secure, immutable characteristics of storing data on the blockchain.Contract execution. Alongside smart contracts blockchain can provide a platform for contract execution that enables high levels of transparency. The distributed nature of blockchain implies all parties are equally informed as there is a “single source of truth”. As a result, contracts are processed more efficiently, allowing conclusion and payment to occur without delay.

The flexibility of blockchain and its associated technologies lends itself to many applications that are yet to be discovered. BaaS provides an opportunity for enterprises to find these applications without making large commitments.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Speed Mining Service (SMS) на Currencies.ru

$ 1.9622 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $1.9622 - H: $1.9622
Капитализация $205.406k Rank 99999
Цена в час новости $ 0.9642 (103.51%)

infrastructure technology service iaas equipment companies owning

infrastructure technology → Результатов: 126


To Celebrate the 10th Anniversary of Bitcoin, Quantitative Trading Super League (Asia Pacific Division) Is Coming on Dec 20th

1) Preface 2018 is an important year for digital asset industry and the 10th anniversary of the Bitcoin white paper. After experiencing the ups and downs of digital assets, the wax and wane of various facilities and applications, the blockchain industry has been reshuffled, and the focus has gradually shifted from infrastructure and technology to […] The post To Celebrate the 10th Anniversary of Bitcoin, Quantitative Trading Super League (Asia Pacific Division) Is Coming on Dec 20th appeared first on ZyCrypto.

2018-12-13 19:54


Фото:

Switzerland says its national blockchain will be more secure than Bitcoin – it won’t be

Switzerland‘s state-run postal and telecoms services are hellbent on building a national blockchain in a bid to recruit local businesses to convert to distributed ledger technology (DLT). Swiss Post and Swisscom have shared details of joint-venture to build a completely private Swiss blockchain for launching locally operated “decentralized” applications.

2018-12-6 14:11


Abu Dhabi Securities Exchange (ADX) To Explore Blockchain Technology Benefits

Earlier this month BitcoinExchangeGuide had reported that a new thought paper from Abu Dhabi Securities Exchange (ADX) was issued for digital assets and other crypto related topics. The paper primarily focuses on cryptocurrency and blockchain infrastructure, particularly how it pertains to the issuance of digital assets. This paper was also the result of a collaboration […]

2018-11-29 20:34


AERGO’s strategic partner runs micro-payments for the Bank of Korea and will provide a distributed storage platform for Korea’s Ministry of Land

On November 11, Blocko, AERGO’s strategic technology partner that builds the AERGO platform, announced that it would provide a blockchain-based distributed storage platform to connect real estate registries to government network data with a blockchain ledger for the Korean Ministry of Land, Infrastructure, and Transport.

2018-11-13 14:33


15 Banks to Test DTCC’s Market Infrastructure Using Blockchain

Post-trade market infrastructure giant DTCC has initiated the testing phase to re-platform its credit derivatives on distributed ledger technology (DLT) and cloud. The trial will include the participation of 15 of the world’s largest global banks, which will conduct structured user acceptance tests to validate the interaction between systems, firms and other market infrastructure providers.

2018-11-8 03:30


Indian Officials Consider Ban on “Private Cryptocurrencies”

Agents of the Indian government have met to formally discuss a possible ban on private cryptocurrency holdings in the nation. On October 30, 2018, the Financial Stability and Development Council (FSDC) issued a press release detailing their recent meeting where they “reviewed the current global and domestic economic situation and financial sector performance.

2018-11-1 22:37


Blockchain.com Launches Custom Hardware Wallet Lockbox

Online wallet provider Blockchain. com has launched an exclusive hardware wallet in partnership with hardware wallet manufacturer Ledger, according to its press release. Known as Blockchain Lockbox, the new handheld device combines Blockchain’s innovative software technology with the latest infrastructure solution to attain a novel integration in one product.

2018-10-26 22:15


Фото:

Universal cryptocurrency wallet Infinito Wallet integrates Coinfirm AML Platform and allows users to check risk rating of counterparties

LONDON: Thursday 11th September 2018 In an industry first, Infinito Wallet app users can now check the risk of addresses and generate a risk reports before transactions Coinfirm’s AML verification technology on top of Infinito Wallet’s existing infrastructure will heighten security and transparency This is another milestone of cooperation between both companies announced in August […] The post Universal cryptocurrency wallet Infinito Wallet integrates Coinfirm AML Platform and allows users to check risk rating of counterparties appeared first on Ethereum World News.

2018-10-3 11:40