Blockchain-as-a-service (BaaS)

Since the birth of cloud computing, one of the hottest terms that has changed the way a product or a service can be delivered or deployed is X (anything) as a service, where X is any form of software or application. After the world recognized the immersive power of blockchain, industry leaders began to explore various possibilities of using blockchain with their existing cloud infrastructure models such as supply chain management, identity and access control, database management, and many more. Hyperledger resembles to the distributed ledger technology however blockchain technology has been taken a special focus in the ecosystem.

 With the Azure Blockchain service, Microsoft became the first software vendor to launch BaaS in 2015. Microsoft, in close collaboration with ConsenSys, announced that it was going to develop an Ethereum BaaS on the Microsoft Azure platform. SAP launched its own BaaS platform and named it Leonardo, which is a Hyperledger-based cloud...