Blockchain as a service

Last updated

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:

Related Research Articles

NetApp, Inc. is an American data infrastructure company that provides unified data storage, integrated data services, and cloud operations (CloudOps) solutions to enterprise customers. The company is based in San Jose, California. It has ranked in the Fortune 500 from 2012 to 2021. Founded in 1992 with an initial public offering in 1995, NetApp offers cloud data services for management of applications and data both online and physically.

Software as a service is a form of cloud computing in which the provider offers the use of application software to a client and manages all the physical and software resources used by the application. The distinguishing feature of SaaS compared to other software delivery models is that it separates "the possession and ownership of software from its use". SaaS began around the turn of the twenty-first century and became the main form of software application deployment by 2023.

<span class="mw-page-title-main">On-premises software</span> Direct information article

On-premises software is installed and runs on computers on the premises of the person or organization using the software, rather than at a remote facility such as a server farm or cloud. On-premises software is sometimes referred to as "shrinkwrap" software, and off-premises software is commonly called "software as a service" ("SaaS") or "cloud computing".

<span class="mw-page-title-main">EPAM Systems</span> American technology company

EPAM Systems, Inc. is an American company that specializes in software engineering services, digital platform engineering, and digital product design, operating out of Newtown, Pennsylvania. EPAM is a founding member of the MACH Alliance.

Platform as a service (PaaS) or application platform as a service (aPaaS) or platform-based service is a category of cloud computing services that allows customers to provision, instantiate, run, and manage a modular bundle comprising a computing platform and one or more applications, without the complexity of building and maintaining the infrastructure typically associated with developing and launching the application(s), and to allow developers to create, develop, and package such software bundles.

<span class="mw-page-title-main">Hyland Software</span> Documentation management software company

Hyland Software is the developer of the enterprise content management (ECM) and process management software suite called OnBase. Applications of the suite are used in healthcare, financial institutions, insurance, government, higher education and manufacturing. The firm has its headquarters in Westlake, Ohio, and offices in Lincoln, Nebraska; Irvine, California; Charlotte, North Carolina; São Paulo, Brazil; London, England; Tokyo, Japan; Andover, Massachusetts; Melbourne, Australia; Kolkata, India; Sydney, Australia; Berlin, Germany; Olathe, Kansas; Bloomington, Minnesota; Salt Lake City, Utah; Phoenix, Arizona; and Tampa, Florida.

TechnologyOne Limited is an Australian enterprise software company founded in 1987. The company is headquartered in Fortitude Valley in Brisbane, Australia, with other offices in United Kingdom (UK), New Zealand, South Pacific and Asia. It is listed on the Australian Securities Exchange with the symbol TNE and is a constituent of the ASX 200 index.

<span class="mw-page-title-main">Cloud computing</span> Form of shared internet-based computing

Cloud computing is the on-demand availability of computer system resources, especially data storage and computing power, without direct active management by the user. Large clouds often have functions distributed over multiple locations, each of which is a data center. Cloud computing relies on sharing of resources to achieve coherence and typically uses a pay-as-you-go model, which can help in reducing capital expenses but may also lead to unexpected operating expenses for users.

<span class="mw-page-title-main">Samsung SDS</span> South Korean IT company and subsidiary of Samsung Group

Samsung SDS Co., Ltd., Established in 1985 as a subsidiary of Samsung Group, is a provider of Information Technology (IT) services, including consulting, technical, and outsourcing services. SDS is also active in research and development of emerging IT technologies such as Artificial Intelligence (AI), Blockchain, Internet of Things (IoT) and outsourcing in engineering. In 2019, Samsung SDS reported a net profit of 750.4 billion won, an increase of 17.5% year-on-year. The company is estimated to have the 11th most valuable brand among global IT service companies, at US$3.7 billion as of January 2020. Samsung SDS has headquarters in South Korea and eight other overseas subsidiaries, one in America, Asia-Pacific, China, Europe, Latin America, Middle East, India, and Vietnam.

OneLogin, Inc. is a cloud-based identity and access management (IAM) provider that develops a unified access management (UAM) platform for enterprise-level businesses and organizations.

Data as a service (DaaS) is a cloud-based software tool used for working with data, such as managing data in a data warehouse or analyzing data with business intelligence. It is enabled by software as a service (SaaS). Like all "as a service" (aaS) technology, DaaS builds on the concept that its data product can be provided to the user on demand, regardless of geographic or organizational separation between provider and consumer. Service-oriented architecture (SOA) and the widespread use of APIs have rendered the platform on which the data resides as irrelevant.

<span class="mw-page-title-main">Infibeam</span> Indian financial technology company

Infibeam Avenues Limited is an Indian payment infrastructure and software as a service (SaaS) fintech company that provides digital payment services, eCommerce platforms, digital lending, data cloud storage and omnichannel enterprise software to businesses across industries in India and globally.

RIB Software SE is a Germany-based multinational company providing construction and building information modeling (BIM) software to customers in the architecture, engineering, and real estate industries. In 2020, it became a subsidiary of French multinational Schneider Electric.

<span class="mw-page-title-main">HP Cloud</span> Set of cloud computing services

HP Cloud was a set of cloud computing services available from Hewlett-Packard. It was the combination of the previous HP Converged Cloud business unit and HP Cloud Services, an OpenStack-based public cloud. It was marketed to enterprise organizations to combine public cloud services with internal IT resources to create hybrid clouds, or a mix of private and public cloud environments, from around 2011 to 2016.

Backend as a service (BaaS), sometimes also referred to as mobile backend as a service (MBaaS), is a service for providing web app and mobile app developers with a way to easily build a backend to their frontend applications. Features available include user management, push notifications, and integration with social networking services. These services are provided via the use of custom software development kits (SDKs) and application programming interfaces (APIs). BaaS is a relatively recent development in cloud computing, with most BaaS startups dating from 2011 or later. Some of the most popular service providers are AWS Amplify and Firebase.

<span class="mw-page-title-main">Pythian Group</span> American and Canadian multinational corporation

Pythian Services Inc, commonly known as Pythian, is an American and Canadian multinational corporation that provides data and cloud-related services. Pythian Services provides services for Oracle, SQL Server, MySQL, Hadoop, Cassandra and other databases, including services for their supporting infrastructure. It also provides transformation services that include cloud migration services, cloud managed services and analytics data platform design and management products and services. Pythian has partnerships with major public cloud vendors including Amazon, Google and Microsoft.

"X as a service" is a phrasal template for any business model in which a product use is offered as a subscription-based service rather than as an artifact owned and maintained by the customer. Originating from the software as a service concept that appeared in the 2010s with the advent of cloud computing, the template has expanded to numerous offerings in the field of information technology and beyond it. The term XaaS can mean "anything as a service".

<span class="mw-page-title-main">Oracle Cloud</span> Cloud computing service

Oracle Cloud is a cloud computing service offered by Oracle Corporation providing servers, storage, network, applications and services through a global network of Oracle Corporation managed data centers. The company allows these services to be provisioned on demand over the Internet.

<span class="mw-page-title-main">Banking as a service</span>

Banking as a service (BaaS) is the provision of banking products to non-bank third parties through APIs.

<span class="mw-page-title-main">Elastic NV</span> Company behind search engine Elasticsearch

Elastic NV is an American-Dutch company that was founded in 2012 in Amsterdam, the Netherlands, and was previously known as Elasticsearch. It is a search company that builds self-managed and software as a service (SaaS) offerings for search, logging, security, observability, and analytics use cases.

References

  1. 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.
  2. Grant, Mitchell; Kenton, Will. "Understanding Software-as-a-Service (SaaS)". Investopedia . Retrieved 2019-09-30.
  3. Frankenfield, Jake. "Blockchain-as-a-Service (BaaS)". Investopedia . Retrieved 2019-09-30.
  4. Clarke, Laurie (2019-05-30). "Best Blockchain-as-a-Service Options". Computerworld. Retrieved 2019-10-02.[ permanent dead link ]