The rise of blockchain as a service

As major cloud providers solidify their blockchain offerings, have real world benefits begun to emerge for enterprise?

As a technology, blockchain has been busy. From the frenzied speculation around Bitcoin and any token-related initial coin offerings (ICOs) through to private infrastructure projects, it’s fair to say that blockchain is the flavour du jour, with almost every major enterprise announcing a pilot project or investment.

Indeed, several established companies have successfully improved their share price by simply including the word ‘blockchain’ in their trading names – most famously Long Island Iced Tea Corp, which saw a dramatic, albeit fleeting, share price surge of 289% after the company rebranded itself Long Blockchain Corp.

Beginning BaaS in earnest

Beyond the hype, however, there are significant developments. ‘Blockchain as a Service’ (BaaS) is a term beginning to take a foothold, driven by deployments from IBM, Microsoft, Oracle, and SAP. What was simply a proto-acronym just 12 months ago is now a fully fledged disruptive technology, easing adoption for enterprises by handling much of the heavy lifting needed to keep the infrastructure operational.

In addition, the BaaS model allows developers to pilot blockchain solutions, then scale them without significant hardware or architectural headaches. The potential of seamless access to existing cloud staples such as storage, network security and virtual server capacity, is also a key benefit.

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Source: The rise of blockchain-as-a-service – General – PC & Tech Authority