Blockchain As A Service – BAAS

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FT
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  • Amazon Web Services recently announced they will be joining the list of Blockchain As A Service (BAAS) providers 

 

  • BAAS is when a company sets up all the blockchain technology for you. You are essentially paying a provider to set up the set up of the blockchain for you or your business

 

  • Setting up a blockchain for you or your company can be difficult, and the companies providing BAAS can help the company integrate blockchain more easily

 

  • The main selling point of blockchain is decentralization, so having a big corporation incorporates some element of centralization and ultimately will help more companies adopt blockchain technology

 

  • Other providers of BAAS include, Microsoft, Oracle, IBM, HP.

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