Blockchain in the cloud

Cloud computing provides excellent benefits to enterprises, including efficiency, cost reduction, scalability, high availability, and security. Cloud computing delivers computing services such as infrastructure, servers, databases, and software over the internet. There are different types of cloud services available; a standard comparison is made between Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). A question arises here: where does blockchain fit in?

Blockchain as a Service, or BaaS, is an extension of SaaS, whereby a blockchain platform is implemented in the cloud for an organization. The organization manages its applications on the blockchain, and the rest of the software management, infrastructure management, and other aspects such as security and operating systems are managed by the cloud provider. This means that the blockchain's software and infrastructure are provided and maintained by...