Blockchain platform as a Service

Interest in blockchain platforms has been growing significantly as a way to streamline supply chains, improve traceability, simplify trade and improve financial transactions. Blockchainapplications in supply chain tracking, trade finance, digital assets and identity management are going beyond the pilot stage.

KEY TAKEAWAYS

Blockchain-as-a-service (BaaS) refers to third-party cloud-based infrastructure and management for companies building and operating blockchain apps.
BaaS functions like a sort of web host, running the back-end operation for a blockchain based app or platform.
BaaS may be the catalyst that leads to the widespread adoption of blockchain technology.

As a development in the greater blockchain ecosystem, BaaS is seen as boosting blockchain adoption across businesses.

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