BlockChain as a sservice

Legend
Stuff to say
Stuff to put in PPT

Slide 1:

 Industrial Revolution 4.0

 Blockchain as a Service (BaaS) is a type of blockchain service offering that allows
business customers to use cloud-based solutions to develop, host and adopt their
own blockchain applications, smart contracts and other relevant functions on the
blockchain while the cloud-based IT partner or service provider manages all the
required tasks and activities to keep the infrastructure up and running.

There have been many advances in technology which have culminated in us to herald the
Fourth Industrial Revolution, which could turn out to be the most extraordinary event in
human history. 
Now Blockchain as a Service (BaaS) business model, a concept based on SaaS is poised to be
the gamechanger
They have succeeded in making Digital Transformation simpler and less risky for
organizations whose core competencies remain in fields other than IT.

Choosing the right Blockchain as a Service provider will give businesses the access to skilled
Blockchain developers, process and governance experts as well as the entire cloud
infrastructure for development and deployment, without having to worry about start-up
and overhead costs.
Slide 2

Digital Transformation: The New industry standard

How does it work?

 Similar to Web hosting provider

 BaaS Provider sets up and manages Blockchain tech and infrastructure
 A client pays some fees to the BaaS provider for setting up and handling blockchain connected
nodes on their behalf.
 A BaaS provider manages the back-end for the client and their business.

BaaS offers an external service provider to set up all the necessary blockchain technology and
infrastructure for a fee. Once created, the provider continues to handle the complex back-end
operations for the client.

It is the responsibility of a Blockchain-as-a-Service operator to keep blockchain infrastructure running. A BaaS

operator also takes care of the activities like proper allocation of resources, bandwidth management and hosting
requirements. Using a BaaS model, clients can focus more on their core areas and the functionality of their
blockchain without worrying about performance and infrastructure-related issues.

Slide 3
BaaS Advantages
 Cost savings
 Competitive Advantage
 Ease of Use
 Focus on Customization
 Higher Efficiency

BaaS disadvantages
 Experts needed
 Limited in-depth knowledge
 Data compliance challenges
 Business continuity

Slide 4
Criteria for Selecting BaaS provider

 Prior experience
 Commitment to quality
 Security assurance
 Choice of OS
 Ease of use
 Pricing and support

The cost for developing and implementing a single Blockchain smart contract under this
model can run up to several hundred thousand dollars.
On the other hand, a Blockchain application hosted in the cloud as part of a Blockchain as a
service offering can be purchased for as low as $0.29 USD per allocated CPU hour (IBM
Blockchain Platform for IBM Cloud). It is also commonly referred to as a pay as you go,
pricing model, in which the customer only pays for the units of service used.

Cost models for BaaS vary depending on several factors, but at any rate, a Blockchain
application hosted on premises is far costlier than BaaS offered on the cloud.
With blockchain we can reduce the time and improve the efficiency of all the services
where you need an authorization of some sort.” Analogies to the invention of TCP/IP, the
communications protocols for the internet, were common.

TCP/IP unlocked new economic value by dramatically lowering the cost of

connections. Similarly, blockchain could dramatically reduce the cost of
transactions. It has the potential to become the system of record for all
transactions. If that happens, the economy will once again undergo a radical shift,
as new, blockchain-based sources of influence and control emerge.

This new digital ledger of economic transactions can be programmed to record

virtually everything of value and importance to humankind: birth and death
certificates, marriage licenses, deeds and titles of ownership, educational degrees,
financial accounts, medical procedures, insurance claims, votes, provenance of food,
and anything else that can be expressed in code.

“The name of the game is security and data integrity. On top of this critical issue, almost
every government is facing three challenges: Trust toward governments is low.
Governments lack funds. Governments want to grow their economies. Blockchain is cheap
technology, and can be used to move assets out of the black market, and increase
transparency and efficiency.”

Saas vs Baas
Saas:

Software as a service (SaaS) is a software distribution model in which a third-party provider hosts

applications and makes them available to customers over the Internet. SaaS is closely related to the

application service provider (ASP) and on demand computing software delivery models

Baas:
Blockchain as a Service is a unique model that allows consumers to use the cloud-based services to
develop, use and host their blockchain apps, functions and smart contracts. In a nutshell, they provide
full-fledged blockchain platforms that ease the development process.
Blockchain as a service companies act as a bridge between enterprise companies and enterprise
blockchain platforms.