Blockchain-as-a-Service Market - Industries from Banking to Social Media Bode Well for Growth
Blockchain as a service (BaaS) allows enterprises to use cloud services for building, hosting, and deploying their own blockchain apps, agreements, and utilities. The cloud service provider supports all operations to keep the infrastructure responsive and functional. Cloud-based blockchain services increase adoption of the blockchain technology across businesses. The concept of blockchain as a service (BaaS) is similar to software-as-a-service (SaaS). Small and medium businesses are keen for adopting the blockchain technology.
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