BaaS — Blockchain as a service, new way of making money?
Nowadays, many top startups has been created as a kind of digital service. Most famous models is software as a service (SaaS). Such a…
Nowadays, many top startups has been created as a kind of digital service. Most famous models is software as a service (SaaS). Such a modern solution does not require enormous funds, especially when founder is a developer.
If developer approach some kind of a problem, by creating software which solves it, he can easily transform it into moneys, by hosting it as a service. It differs from standard companies, no office, no workers, no funds needed.
As creating services is one of the best ways of starting a business in IT, blockchain as a service can entirely change the market of new technology.
Agenda:
- intro,
- what is it?
- How it works?
What is it?
Generally speaking, BaaS is a third party solution, which enables to create and manage cloud-based networks for businesses, which are building software infrastructure on top of the blockchain technology.
Main future of such solutions is to make others companies easily decentralized entirely, or in some part of it. It can speed up a blockchain adoption, which is still accelerating.
How it works?
BaaS works in similar fashion like SaaS.
The difference is that, BaaS shares an easy way to proceed blockchain actions (transactions, checking on-chain data, etc.), without building it totally in your own. The only price is the one included in BaaS financial details.
BaaS allows user to to operate own blockchain apps, by hosting web3 solutions and customizing it for mass amount of clients. Let’s consider an example of a BaaS which allows to check all NFTs deployed in chosen ecosystem.
This platform has code, which is deployed in smart contract and reads arguments, to return proper values. It can be nicely visualize and project is ready. The same case can be done with custom NFT marketplace, or crypto exchange.
Conclusion
Blockchain as a service has a huge potential to make various of startups successful. It is a very fresh technology, which can be easily adopted in next years. What is more, many institutions can create a huge demand for these kind of businesses.
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