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What Is Blockchain As A Service

Blockchain As A Service Lior Yaffe Medium

Blockchain As A Service Lior Yaffe Medium

We hear more and more recently about Blockchain as a Service or BAAS solutions from large corporations such as Microsoft, IBM and Oracle to name a few. But what do they really mean? I decided to investigate. The Redmond giant promotes blockchain solution under the Azure brand. It seems to be a template which allows you to quickly spawn an Ethereum or Hyperledger Fabric private blockchain. The Ethereum private blockchain still relies on proof or work so can be useful for prototyping but not for production usage, still unclear why one would need this private network since you can always use the Ethereum testnet for prototyping purposes. Hyperledger Fabric is the IBM offering, which Ill touch in a moment. The Microsoft solution seems more like a way to sell Azure services since its unclear whats the point of using a blockchain which is controlled by the single entity who spawns the Azure nodes. I recently watched a Microsoft exec who demonstrated how to launch an Ethereum private blockchain quickly without even understanding what is a blockchain. Good marketing for Ethereum but pretty useless otherwise. The IBM Blockchain as a Service offering is based on the Hyperledger Fabric project developed by the Linux Foundation as an open source project. Like everything which comes from IBM it is a complex and heavy product with lots of dependencies, and major focus on large organizations. Blockchain applications are developed from scratch using Node.js without any UI support. The platform is designed with permissioned blockchain in mind. All users has to be authenticated and need permission to connect. If you are a large organization which already has connections with IBM this should be a natural choice for your business. I predict anyone else who will try using this platform wil Continue reading >>

Blockchain-as-a-service Allows Enterprises Test Distributed Ledger Technology

Blockchain-as-a-service Allows Enterprises Test Distributed Ledger Technology

Blockchain-as-a-service allows enterprises test distributed ledger technology Blockchain deployment is still gathering steam, but cloud providers are already moving to offer it as an enterprise service. That could help companies who don't want to take on the expense of a new architecture or find developers to deploy and maintain it. Use commas to separate multiple email addresses Mingis on Tech: Apple's latest iOS healthcare push As enterprises look to deploy distributed ledgers, the industry's largest IT providers have launched blockchain-as-a-service (BaaS), offering a way to test the nascent technology without the cost or risk of deploying it in-house. The BaaS offerings could help companies who don't want to build out new infrastructure or try to find in-house developers, which are in hot demand . "The thing to be thinking about is that we're still in the early innings of this blockchain wave," said Bill Fearnley Jr., IDC's research director for Worldwide Blockchain Strategies. "There are very few people with multiple years of deep, hands-on experience." [ Further reading: What's blockchain? The most disruptive tech in decades ] While heavily hyped, blockchain technology which gained its initial notoriety from bitcoin cryptocurrency has the potential to offer a new paradigm for the way information is shared; tech vendors and companies are rushing to figure out how they can use the distributed ledger technology to save time and admin costs. BaaS offerings are particularly attractive because many enterprises can look to their current cloud providers to offer them use of the nascent technology. "As with any new technology, there is a learning curve as enterprise customers put it into production," Fearnley said. "One advantage of partnering with a BaaS provider is user Continue reading >>

Search Giant Baidu Launches Blockchain-as-a-service Platform

Search Giant Baidu Launches Blockchain-as-a-service Platform

Search Giant Baidu Launches Blockchain-as-a-Service Platform Chinese web search giant Baidu has launched its own blockchain-as-a-service (BaaS) platform. Based on technology developed by Baidu, the open platform sets out to provide the most "user-friendly" blockchain service. According to the firm's dedicated website, "Baidu Trust" allows the conducting and tracing of transactions, and can be applied in various use cases, including digital currency, digital billing, bank credit management, insurance management financial auditing, and more. Baidu says the technology has already been applied in asset securitization and exchange, and claims it has contributed to the "first asset-backed securities exchange products using blockchain technology in China." With the move, Baidu follows Chinese internet conglomerate Tencent in launching its own suite of blockchain services. Announced in April 2017, the company said it would use the technology - coincidentally called "TrustSQL" - to offer digital asset management, authentication and "shared economies", among other services. While maybe a little behind on launching its BaaS platform, Baidu was an extremely early adopter of bitcoin. Notably, it announced in October 2013 that it was accepting payment in bitcoin for its Jiasule service, which improves websites' performance, speed and security. Baidu headquarters image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Continue reading >>

3 Companies Leading The Blockchain As A Service (baas) Revolution

3 Companies Leading The Blockchain As A Service (baas) Revolution

3 Companies Leading the Blockchain as a Service (BaaS) Revolution For a long time in the blockchain space, we have seen a wide range of financial and non-financial applications as well as an array of promising companies leveraging the distributed ledger technology. Blockchain certainly doesnt suffer from the lack of attention from banks and entrepreneurs, which explains the pace of adoption and experimentation. Not only banks but former pure tech players like IBM and Microsoft are also exploring the opportunities blockchain presents. Let's look at three examples of BaaS solutions taking enterprise-grade experimentation with blockchain to a whole new level. Ethereum Blockchain as a Service by Microsoft Azure In November 2015, Microsoft and ConsenSys entered a partnership to create Ethereum blockchain as a service (EBaaS) on Microsoft Azure. The service is aimed to empower corporate clients, partners and developers to experiment with distributed ledger technology by offering them a single-click, cloud-based blockchain developer environment. Image source: Introducing: Ethereum Blockchain as a Service (EthBaaS) According to the official website, EBaaS by Microsoft Azure and ConsenSys allows parties to play, learn and fail fast at a low cost in a ready-made dev/test/production environment. In addition to the opportunity to experiment, it allows them to create private-, public- and consortium-based blockchain environments using industry-leading frameworks very quickly, distributing their blockchain products with Azures World Wide distributed (private) platform. Cortana Analytics (machine learning), Power BI, Azure Active Directory, O365 and CRMOL that accompany the service can be integrated into apps in order to create the next generation of decentralized cross-platform appl Continue reading >>

What Is 'blockchain As A Service' And Why Might It Interest Your Company?

What Is 'blockchain As A Service' And Why Might It Interest Your Company?

What is 'Blockchain as a Service' and why might it interest your company? Blockchain talent wanted: much more than programmers As the finance sectors interest in creating blockchain-based products grows, so does the demand for professionals with the right skills for capitalizing on this exponential technology. Just as occurred at the time with software developers, right now the demand exceeds the supply. Blockchain is a technology on the rise, but the companies that really want to use it may encounter a few obstacles: its new, its relatively unknown and its implementationlike any technological changeentails organizational risks. In addition and this may be the main practical problem for companies professional blockchain experts are few and far between, and expensive. The average annual salary of a blockchain developer in the United States is $130,000 (and over $150,000 dollars in Silicon Valley, Boston and New York), compared to the $105,000 earned by a software developer, according to Burning Glass Technologies, a consultant specialized in employment data. If youre a freelance specialist, you can charge $150 an hour, according to Upwork, a website specialized in independent workers. Despite these high fees, demand has not stopped growing: according to Financial Times , the number of offers on LinkedIn related to blockchain tripled in 2017. As a result, the interest in implementing blockchain and the real difficulties of doing so are causing several tech companies to now offer Blockchain as a Service (Baas) to businesses that prefer to outsource the development of blockchain solutions. This new term, BaaS, uses the B from blockchain and adapts it to the current business jargon that designates the aaS (as a service) offerings that a supplier provides to its customers, f Continue reading >>

Blockchain As A Service

Blockchain As A Service

Forgot Password? Don't have an account? Sign up IBM and Microsoft are leading the development and usage of Blockchain as a Service (BaaS), but what is it, and why should we care? In a way, blockchain is the respectable face of bitcoins the well-known cryptocurrency. According to Wikipedia: Blockchains are secure by design and an example of a distributed computing system with high byzantine fault tolerance. Decentralized consensus can therefore be achieved with a blockchain. This makes blockchains suitable for the recording of events, medical records, and other records management activities, identity management, transaction processing, and proving data provenance. That means its capable of tracking other types of data in private blockchain networks in addition to money. Sounds pretty good! Wikipedia also tells us: A blockchain is a distributed database that maintains a continuously growing list of ordered records called blocks. Each block contains a timestamp and a link to a previous block. By design, blockchains are inherently resistant to modification of the data once recorded, the data in a block cannot be altered retroactively. Through the use of a peer-to-peer network and a distributed timestamping server, a blockchain database is managed autonomously. Blockchains are an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. The ledger itself can also be programmed to trigger transactions automatically. To make the most of this technology, IBM recently launched Blockchain-as-a-Service. IBM Blockchain is a public cloud service for the building of tailor-made blockchain solutions on the IBM Cloud. According to Marie Wieck, general manager for the new BaaS unit: IBMs blockchain services are built on Continue reading >>

8 Game Changers Providing Blockchain-as-a-service (baas) Platforms

8 Game Changers Providing Blockchain-as-a-service (baas) Platforms

8 Game Changers Providing Blockchain-as-a-Service (BaaS) Platforms With an increasing number of enterprises expressing interest in distributed ledger technology, tech companies are rushing to meet the demand. To democratize blockchain technology, Microsoft, IBM, Deloitte, and now Baidu and Tencent, have developed their own platforms offering blockchain-as-a-Service (BaaS). Lets look at three examples of BaaS solutions taking enterprise-grade experimentation with blockchain to a whole new level. According to Coindesk , on January 12, Chinese web search giant Baidu has launched its own Blockchain-as-a-Service (BaaS) platform . Based on technology developed by Baidu, the open platform sets out to provide the most user-friendly blockchain service. Baidu Trust allows the conducting and tracing of transactions; it can be applied in various use cases, including digital currency, digital billing, bank credit management, insurance management financial auditing, and more. The company says the technology has already been applied in asset securitization & exchange, and claims it has contributed to the first asset-backed securities exchange products using blockchain technology in China. At the end of 2017, Oracle launched its Oracle Blockchain Cloud Service , an offering that is part of Oracles comprehensive Platform-as-a-Service (PaaS) portfolio. The enterprise-grade distributed ledger cloud platform helps customers increase business velocity, create new revenue streams, and reduce cost and risk by securely extending ERP, supply chain, and other enterprise SaaS and on-premises applications to drive tamper-resistant transactions on a trusted business network. Oracle Blockchain Cloud Service enables customers to: Deliver business results with the ability to rapidly onboard and easil Continue reading >>

Blockchain - Ibm Cloud

Blockchain - Ibm Cloud

The cost of a blockchain network is shared across its members. Flexible membership plans enable each ecosystems unique needs for compute, performance and isolation. Participants in the network, join the network via one of several Membership Plans. Initiate a new blockchain network including setting democratic network policies and inviting new members to join. Join a network, as a new member, based on an invite from the network initiator. A Certificate Authority (CA) for issuing certificates to other network participants to enroll in the network A Network Peer enabling the invocation and validation of transactions Network Dashboard for managing and monitoring network resources Click an image to enlarge and view screen captures, slides, or videos. Screen caps show the user interface for the service after it has been provisioned. Continue reading >>

Why Blockchain-as-a-service Should Be On Your Radar

Why Blockchain-as-a-service Should Be On Your Radar

Why Blockchain-as-a-Service Should Be on Your Radar Blockchain news is seemingly everywhere these days, and for good reason. The technology behind bitcoin holds a lot of promise for all sorts of use cases some of them having nothing to do with digital payments. Over the course of last year, a lot of ideas regarding the technology were tried out, but during 2017, many of them will be discarded, one blockchain expert predicted. This year, efforts with related crypto technologies will get even more serious attention from corporate developers. One early initiative is the announcement in February from the Enterprise Ethereum Alliance . The group was formed to encourage a hybrid public/private approach to find best-of-breed solutions for corporate developers. This mix of public and private methods makes the technology more palatable for a number of different corporate applications. For example, the use of an open-source code base can help attract developers to improve the code and add interoperable frameworks, yet also allow innovation to happen. Too often, private blockchain solutions are quickly dismissed by proponents of public network infrastructure, said developer R Tyler Smith . Hopefully, that time is coming to a close. One thing helping to expand blockchains reach in the past year has been the rise of blockchain-as-a-service (BaaS) offerings from major providers. Microsoft Azure Marketplace and IBM BlueMix are two of the most popular options for enterprises. Its also interesting to note that Deloitte has a new BaaS offering as part of its blockchain consulting practice, and Amazon is beginning its own offering for AWS as well. Clearly there is a growing groundswell for BaaS. So, how should an IT manager get started? First, look at the core reason for using the techno Continue reading >>

The Rise And Rise Of Blockchain As A Service

The Rise And Rise Of Blockchain As A Service

As of February 2017, blockchain was the second most-searched-for term on Gartner.com , having increased in volume by 400% in the last 12 months. Gartner The potential of Blockchain as a Service (BaaS) has already been recognized by some of the worlds largest software companies. In fact, the big three cloud providers, Amazon, Microsoft, and IBM have developed BaaS platformsthat arealready available to their cloud customers. Other companies like Google have bought up blockchain technology firms like Firebase in order to try to secure a foothold in what is shaping up to be a highly lucrative market. A recent article in Bitcoin Magazine predicted that the Blockchain Technology Market to Reach $7.7 Billion by 2024 . However, many industry insiders put their figures much higher, particularly given the phenomenal gain in popularity of blockchain based technologies resulting from 2017s meteoric rise of Bitcoin and other cryptocurrencies. While we are all just going to have to wait and see just how big the blockchain technology market is going to become, given that it has huge potential benefits for just about every major industry in the world today, what is certain is that blockchain is set to make some pretty big waves in the years to come. Given this fact, I want to explore in more detail exactly what this new technology is and how it can be used to help businesses of all shapes and sizes. I will examine the services that the three biggest BaaS providers are currently offering to try to get the best idea of what the potential of this technology really is. To fully understand what Blockchain as a Service is you first need to understand what blockchain technology is all about. Blockchain is essentially a digital ledger that allows data to be written into blocks. As a new block Continue reading >>

Oracle Brings Blockchain-as-a-service To Its Cloud

Oracle Brings Blockchain-as-a-service To Its Cloud

Oracle Brings Blockchain-as-a-Service to Its Cloud Follows Microsoft and IBM in chase after enterprise clients who want to build next-gen blockchain-enabled applications Less than two monthsafter joiningthe Linux Foundation's Hyperledger project, Oracle has rolled out blockchain-as-a-service on its cloud, making the announcement on thefirst day of itsOpenWorld conference in San Francisco Monday. The company first announced the plan to launch the service when it joined Hyperledger in August. The goal, it said at the time, was to"offer a highly advanced and differentiated enterprise-grade distributed ledger cloud platform for customers who are looking to build new blockchain-based applications and/or extend their current SaaS, PaaS, IaaS and on-premises applications." Related: The Blockchain Revolution: Where's the Disruption? Blockchain, originally developed to run Bitcoin, is being touted as the next disruptive technology. Repurposed for the enterprise, it's expected to change the way business is done across the board by supplying a reportedlytamper-proof shared distributed ledger that stores many copies of complete transaction histories across many computers on a network. It's not surprising that Oracle wants to get on the blockchain bandwagon. At this stage of the game, blockchain's main appeal is to the financial sector, which represents a huge part of the company's installed base. And Oracle is sure to be betting that blockchain as a SaaS offering will help entice that base to utilize it's cloud. Related: Why Blockchain May Be Key to IBM's Future "Blockchain holds the promise to fundamentally transform how business is done, making business-to-business interactions more secure, transparent, and efficient, Amit Zavery, senior VP of Oracle Cloud Platform, said in a st Continue reading >>

Stratis Introduces The World To 'blockchain As A Service'

Stratis Introduces The World To 'blockchain As A Service'

Stratis Introduces the World to 'Blockchain as a Service' Founder, angel investor, adviser, blockchain evangelist @BrianDEvans Editor's note: This column has been updated to disclose the writer's advocacy of blockchain technology--the underpinning of all crytocurrencies--and a Consumer Financial Protection Bureau warning about these investments. There has been a lot of talk about Ethereum and Initial Coin Offerings in the blockchain and cryptocurrency community lately. Many people from the mainstream are learning about cryptocurrencies because of Ethereum. But there's also another huge platform and digital currency in the space that just hasn't received as much recognition yet, the platform is called Stratis. Stratis is a Blockchain as a Service (BaaS) platform. Essentially they are similar to Ethereum but instead of running ICOs and focusing mainly on smart contracts, their concept is to have a multitude of features covering every possible need in the blockchain space, so they can offer their services up to other companies. Stratis is similar to a SaaS company but is specifically built to offer blockchain as their service.It should be noted here that I am an advocate of blockchain technology. The BaaS concept allows a company to come to Stratis and setup a blockchain on their own on the Stratis' platform without having to start all over and reinvent the wheel, so to speak. This allows any company in the world to quickly get and utilize blockchain. This is generally referred to as a sidechain. This means a blockchain that is built and operating as a branch off of another blockchain. It simplifies everything for the client company. Editor's note: Bitcoin and digital currencies, as with any investment, may involve the risk of loss. The Consumer Financial Protection Burea Continue reading >>

Pwc's Blockchain Services

Pwc's Blockchain Services

Set preferences for tailored content suggestions across the site Save content to reading lists (coming soon) Imagine being able to transfer value or prevent contractual disputes over the Internetwithout going through a third party. Confidently. Securely. Almost instantly. Blockchain-based technology could revolutionize business practices as we know them. PwC sees enormous potential for blockchain in financial services. Weve developed the strategic and implementation capabilities necessary to help financial institutions, technology companies and startups take advantage of this transformative technology. Our global team of experienced business, technology and regulatory leaders can help you identify how blockchain can benefit your organization and how to rapidly move these initiatives forward. Playback of this video is not currently available Not sure what blockchain is? Haskell Garfinkel, Strategy& Partner, defines the concept with examples, including the Bitcoin protocol. While blockchain's potential is transformational, the landscape is nascent and developing. PwC has been a valuable advisor, both strategically and technically, as we experiment and prototype practical use cases around blockchain. - Emerging Technology Leader, worldwide financial services company How can my team and I learn more about blockchain? DeNovo is the digital front door providing access to PwCs expertise in emerging technologies within financial services. The online platform delivers on-demand proprietary blockchain and cryptotechnology content, insights and research, developed by a dedicated team of subject matter experts. Review real-time blockchain content and analysis developed and maintained by more than 60 subject matter experts, a dedicated team of research analysts, and access to PwCs Continue reading >>

Blockchain Solutions & Technology Services | Infosys

Blockchain Solutions & Technology Services | Infosys

Infosys supports you at every step of blockchain adoption, from Design Thinking-led assessment that evaluates blockchain solutions from multiple dimensions, rapid prototyping, creation of Proof-of-Concepts and pilot development to complete implementation of blockchain solutions. Our pre-built blockchain platform and solutions help accelerate the realization of your blockchain network. Infosys rich experience across a host of industries and domains coupled with strong integration capabilities helps ease the challenges of process and technology inter-operability across the blockchain network, while addressing important aspects such as security & privacy of shared data, consensus management, data exchange standardization and business process re-alignment across network participants. Infosys harnesses the power of blockchain to help you create a network where data is much more accessible and reliable, and transactions among partners on the network are verifiable and traceable, enabling an ecosystem of trust with your suppliers, partners, and customers. Infosys industry experience and networks can enable ecosystem connections that help amplify the potential of your network. Infosys Blockchain addresses blockchain and adjacent technologies including shared ledger, distributed ledger and smart contracts. Infosys provides a host of offerings to help in the adoption, integration and realization of blockchain networks. Infosys also brings its strength in other technology areas to complement or combine with blockchain and help amplify its value. Design Thinking-led assessment for use case identification Industry specific Blockchain Solutions (e.g. letter of credit, loyalty management, energy trading etc.) Solutions for integration with enterprise applications Continue reading >>

The Rise Of Blockchain-as-a-service

The Rise Of Blockchain-as-a-service

For businesses and their ITDMs, the key is to have a blockchain strategy in place. The technology offers capabilities that could benefit most businesses, but further improvements are bound to come about as these platforms evolve their capabilities and services mature. The meteoric rise of the price of Bitcoin and the flurry of initial coin offerings (ICOs) over the latter half of the year have put blockchain in the spotlight of tech. All that buzz has prompted many organizations to aggressively look into blockchain adoption. If large organizations are doing it, why shouldnt everyone else? Several tech companies have already responded to this heightened interest by offering blockchain-as-a-service (BaaS). Enterprise computing giants have come out with their respective offerings. Microsoft makes their BaaS available through Azure . IBM also has their own BaaS thats based on the Hyperledger Fabric and is made available through the Bluemix cloud platform. Blockchain and smart contract platforms like Ethereum and NEO have also contributed to wider adoption by opening their technologies for decentralized application (dApp) development. Interest from businesses has even brought out renewed effort from other players to improve their BaaS solutions. Jelurida , the group behind the pioneering proof-of-stake blockchain platform NXT, is now working on Ardor a new project that is aimed at addressing blockchains scalability concerns for business users. The availability of all of these platforms gives organizations more compelling reasons to use blockchain. Mainstream coverage of blockchain has been non-stop thanks to the skyrocketing prices of cryptocurrencies. IT decision makers (ITDMs), even those in non-tech companies, probably have already had the unsavory experience of fielding Continue reading >>

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