In the evolving field of blockchain technology, these third-party services are a

new development. Blockchain technology has broadened itself to address

secure transactions of all kinds, moving beyond its best-known use in

cryptocurrency transactions that have resulted in a demand for hosting

services.

The customers are allowed by BaaS to leverage cloud-based solutions on the

blockchain. The customers on the blockchain are allowed to leverage cloud-

based solutions to build, host, and operate their own blockchain apps and

related functions, whereas the cloud-based service provider keeps the

infrastructure agile and operational.

Blockchain-as-a-Service:

1. To develop, use, and host their blockchain apps, functions, and smart

contracts using the unique model, the cloud-based services can be used

by the consumers. They provide full-fledged blockchain platforms in a

nutshell that ease the development process.

2. The cloud-based IT partner is responsible for managing the tasks to keep

the infrastructure up and running, and this service allows business

customers to use cloud-based solutions.

3 . This service is used for the creation and management of cloud-based

networks by organizations involved in the business of building and

operating blockchain applications.

4. Organizations building and operating blockchain apps use this service for

cloud-based infrastructure and management.

5 . It runs the back-end operation for an app. That is, it functions as a Web

host.

6. BaaS has been instrumental in leading to the widespread adoption of

blockchain technology.

7 . BaaS organizations act as a bridge between enterprise organizations and

enterprise blockchain platforms.

8. Managed by a blockchain platform, the vendor supplies infrastructure

and blockchain building tools, whereas the buyers are allowed to build

blockchain applications and digital services on a distributed network.

Features of BaaS