CHAPTER 7

Blockchain Trends

Introduction

It has been over a decade since the introduction of blockchain, an evolving and

enthralling technology; it is only at a better speed than this tectonic shift in

evolution that has happened in the form of blockchain technology.

Blockchains that are administered and operated by computers are immutable

records of data on time. This exclusive feature is the reason for their offering

security and implementation tools to mark the digital revolution.

This technology is looked forward by industries spanning from the medium

and small scale enterprises (MSMEs) to the larger multinational

corporations (MNCs), helping them extend cyber security by guarding

information digitally and the quality offered by the technology.

“The old question ‘Is it in the database?’ is now replaced by ‘Is it on the

blockchain?’”

- William Mougayar

Structure

In this chapter, the following topics will be covered:

Blockchain trends

Blockchain-as-a-service (BaaS)

Features of BaaS

How does BaaS work?

Platform

Interfaces

Infrastructure and network

Enhanced security and analytics