Blockchain as a service (BaaS) is an enterprise-level software service[1] that allows businesses to use cloud-based solutions to build, host and use their own blockchain apps, smart contracts and functions on the blockchain infrastructure developed by a vendor. Just like the growing trend of using software-as-a-service (SaaS)[2][self-published source?] where access to the software is provided on a subscription basis, BaaS provides a business with access to a blockchain network of its desired configuration without the business having to develop their own blockchain and build in-house expertise on the subject.[3][self-published source?]
Currently major blockchain-as-a-service providers are major cloud services providers and consulting firms, including:
- ^ Baalamurugan, K. M.; Kumar, S. Rakesh; Kumar, Abhishek; Kumar, Vishal; Padmanaban, Sanjeevikumar (2021-08-12). Blockchain Security in Cloud Computing. Springer Nature. ISBN 978-3-030-70501-5.
- ^ Grant, Mitchell; Kenton, Will. "Understanding Software-as-a-Service (SaaS)". Investopedia. Retrieved 2019-09-30.
- ^ Frankenfield, Jake. "Blockchain-as-a-Service (BaaS)". Investopedia. Retrieved 2019-09-30.
- ^ Clarke, Laurie (2019-05-30). "Best Blockchain-as-a-Service Options". Computerworld. Retrieved 2019-10-02.[permanent dead link]