Blockchain as a service (BaaS)

BaaS can be compared to the software as a service (SaaS) model, where businesses use cloud-based software applications hosted by a third-party provider. In the context of blockchain, BaaS providers offer a platform that allows businesses to build, deploy and manage blockchain networks without needing to invest in or maintain the underlying infrastructure. This service model abstracts the complexities of blockchain technology, making it more accessible to organisations of all sizes. BaaS providers typically offer a range of services, such as assistance in creating and configuring blockchain networks tailored to the specific needs of the business. One popular service are tools and platforms to develop, test and deploy smart contracts securely. Often Baas providers will manage blockchain nodes, ensuring they are correctly configured, updated and maintained. Increasingly, real-time monitoring and analytical tools to track the performance and health of the blockchain network are being sort…