Tuesday, January 30, 2018

Who is leading the Blockchain-as-a-Service (BaaS) Initiative?

With the rampant rise of blockchain enabled products we have seen the emergence of Blockchain-as-a-Service (aka BaaS) offers from several leading technology companies in recent months. Microsoft Azure has introduced blockchain as part of their cloud services. Amazon AWS is working with financial institutions and blockchain providers to spur innovation and facilitate frictionless experimentation. China’s Baidu has launched its Baidu Trust allows the conducting and tracing of transactions, and can be applied in various use cases, including digital currency, digital billing, bank credit management, insurance management and financial auditing. IBM has entered the arena with a BaaS solution based upon the HyperLedger Fabric and Composer. It is no surprise that Accenture has introduced a suite of BaaS consulting services largely aimed a Global 500 firms. The list of Baas providers seems to be growing with each passing week. More to come. Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)

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