<div>Blockchain as a Service (BaaS)</div><div>Over the year, with the huge price increase in the initial coin offering (ICO) and cryptocurrencies like bitcoins have put the Blockchain in light in the world of technology and many tech giant companies just get attracted towards Blockchain or distributed ledger technology for adoption. To test Blockchain technology Deloitte, Microsoft, IBM, Oracle, Baidu, and Tencent are developing their own platforms to offering a blockchain as a service (Baas). These companies will be taking a blockchain to a new level after some experiments of BaaS solutions.</div><div>There are many tech giant companies who have already started taking interest by offering Blockchain as a service (BaaS). These companies offering this service via another source or a network like IBM make their BaaS available through a Bluemix cloud platform based on Hyperledger Fabric, HP makes it through DLT solution, Microsoft makes it through Azure and many more. Blockchain platforms like NEO and Ethereum have contributed to broader adoption by opening their technologies for decentralized application development.</div><div>Oracle</div><div>The famous tech giant Oracle offering blockchain technology through Oracle blockchain cloud service that is that segment of Oracle made Platform as a Service (PaaS) portfolio. The company’s blockchain cloud service platform helps the customers to accelerate their business, reduce costs, decrease risk, supply chain etc. to drive tamper-resistant transactions on the trusted business network. The service enables customers to deliver the high-quality business results rapidly with resilience, autonomous recoverability, etc. Its toolkit provides sample code, templates, and design pattern to drive the integration of blockchain applications to Oracle application suites. Through a trusted platform for Oracle which reduces risk, and increases efficiency so that a sharing of reliable information takes place on both the sides of the company’s boundary. Soon, Oracle is going to offer its Oracle blockchain cloud service platform for Banking, connectivity, advanced security, scalability, and transparency for exchanging information.</div><div>IBM</div><div>Another tech giant IBM makes their BaaS available through Bluemix cloud platform which is based on Hyperledger Fabric. The blockchain platform of IBM is integrated blockchain platform which is made to accelerate the development, testing, and deployment of the business network. The platform allows to develop an application, test, and operate the network. They offer the access to the network transaction service, a network peer, and best class certifies authority to the members of the Enterprise. For building a securely distributed ledger, IBM made thousands of codes to the Linux’s open-source Hyperledger project. It helps to increase the transparency of exchanging information or other things. In the press release of IBM, soon they are going to build a blockchain network with the latest cryptography which is written in JAVA or Golang programming language to make it more advanced and secure.</div><div>Hewlett Packard (HP)</div><div>The famous enterprise Hewlett Packard (HP) introduced its first product for the blockchain technology which makes their BaaS available through Mission Critical Distributed Ledger Technology (DLT) solution which enables the customers to run distributed ledger business on the high availability enterprise platform of HP. In the official press release of Hewlett-Packard, it was clearly mentioned that DLT</div><div>solution is an important part of Hewlett-Packard to increase the capability and availability to blockchain workloads. The HP Enterprise Integrity Non-Stop platforms were developed by HP with the help of the software firm R3 and a combination of both the firms enables the customers to compile or test the DLT with HP enterprise Mission Critical Platform and integrates it in the environment and ensure to grow the business, SQL integration with legacy system that provides greater scalability, credit card transaction in the world with massive security.</div><div>Microsoft</div><div>The most famous and popular tech giant Microsoft makes their BaaS available through the Azure for development, testing and operation of an application with minimal Azure and blockchain technology. It offers a single-click deployment through the Azure portal which a customer can easily be configured blockchain network topology in few minutes with the help of Microsoft networking and storage services around the world. Customer will be charged only for the resources consumed by them such as storage, networking, and compute. This platform comes with two software plans namely Ethereum Consortium Blockchain and SAP cloud platform blockchain services.</div><div>In SAP cloud platform blockchain services, the cloud-based service will integrate with next-generation technologies like SAP Leonardo to help its clients to redefine their business network. The SAP cloud platform allows for management and easy setup of blockchain nodes to examine the potential of blockchain technology.</div><div>In Ethereum Consortium Blockchain, the solution operates an Ethereum multi-membered network, which consists a set of transaction nodes with an application so that a client can interact to submit transactions and able to record transactions as well. The time taken depends on the size of the network, but once the provision is completed, you can test and configure the Ethereum accounts to get an acceleration with smart contracts, development.</div><div>Conclusion</div><div>By increasing the popularity of Blockchain as a Service (BaaS), many enterprises are fully interested to adopt the blockchain technology because it gives more secure and safe ways for transactions and helps to grow the business faster with less cost and risk.</div>

Blockchain as a Future Service BaaS

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