BaaS is a platform with a magnitude of features on the top of a platform such as Hyperledger Fabric. Using BaaS offerings, customers can create networks and channels and build and deploy chaincode and dApps. Cloud service providers take care of the mundane necessary activities such as infrastructure agility, scalability, and operational efficiency, while customers can focus on building applications and chaincode. BaaS is a major boost to the adoption of blockchain, which is a BaaS offering in most of the major cloud solution providers.
With a cloud platform such as Oracle's Blockchain Cloud Service, you don't need to bring your own security, identity management, container management, admin console management, infrastructure, HA, and recovery. It is all with the cloud service provider. The following are a few of the key advantages of BaaS:
- Fast provisioning
- Ease to configure
- Quick on-boarding of members
- Embedded identity management
- Enhanced security and confidentiality
- Efficient development and testing
- Enhanced integration with processes and applications
- Better performance and scalability
- High availability and operational resilience
- Excellent scalability
- Decouples infrastructure from the customer's primary task of developing smart contracts and applications
- Allows customers to explore the magnitude of possibilities with their legacy applications and business processes.