The features of BaaS include: platform architecture management, modular,
preconfigured networks and infrastructure, Easy setup workflow, middleware
for monitoring and development for app building, the dashboard to view and
analyze chaincode, auditable transaction record, built-in connections to needed
services, and professional and consultatory, these platforms provide a
generalized version of the blockchain technology, the total cost of ownership
of BaaS model, when compared with your own blockchain infra, is very low.
How does BaaS work?
Businesses and their consumers are increasingly adapting blockchain
technology for maintaining their infrastructure. In creating, configuring, and
operating the blockchain, the technical complexities and operational overhead
involved act as a barrier.
To set up all the blockchain technology and infrastructure, BaaS offers an
external service provider for a fee. The provider has created the infrastructure
continues to handle the back-end operations for the client.
The BaaS operator offers support activities such as management of bandwidth,
resource allocation, requirements for hosting, and data security features.
The functionality of blockchain is taken up by the BaaS operator provider, and
the client can focus on his core j ob.
BaaS is instrumental in leading blockchain technology to wider and deeper
penetration of blockchain technology across various businesses to a wider and
deeper penetration.
The technically complex work can be outsourced by a business, and the
business can focus on its core activities instead of creating and running its own
blockchains.
Platform of BaaS
The platform of BaaS offers:
1. With the ability to maintain uptime and connectivity, included are several
layers of protection and failover strategy against data loss and corruption
even in the situation where some component failure occurs. This is
Operational Resilience.
2. Without rebuilding the whole network, it depends on the requirements,
i.e., Pluggable Consensus.