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What Is Blockchain As A Service

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 >>

Blockchain As A Service: 23 Million Reasons To Help Advance The Future Of Blockchain

Blockchain As A Service: 23 Million Reasons To Help Advance The Future Of Blockchain

Blockchain as a Service: 23 Million Reasons to Help Advance the Future of Blockchain Authored by Mustafa Inamullah, Creative Content and Design Lead, MIMIR Blockchain Solutions Blockchain as a Service (BaaS) is poised to play an important role in the information technology sector for many years to come. In case you dont know what Blockchain as a Service is, BaaS is when an entity sets up all the blockchain tech for you. If you pay for BaaS, you pay a company to set up blockchain connected nodes on your behalf. A BaaS provider would deal with the confusing back end for you or your business. This article will assume the reader has a beginner level to intermediate level understanding of blockchain technology. You have likely heard the words blockchain, Bitcoin, or even Ethereum. The first question we need to address is adoption. How big will blockchain get? How many companies will plan to incorporate blockchain technology? Is blockchain the foundational technology for the next generation of the internet or is it simply a passing fad? Once we have understood the scope for how large blockchain technology is set to be, and once we have understood how many industries blockchain will disrupt, the need for BaaS becomes clear. We will take the position that BaaS will serve as an essential catalyst for bringing about the adoption of technology. Taking the burden of difficulty out of the equation will allow a wide range of businesses and industries to adopt blockchain into their existing platforms. BaaS does have some limitations though. BaaS is a means to an end. BaaS necessarily involves adding some centralization to blockchain, which is never ideal. The purpose of blockchain is to have decentralized solutions to centralized problems.This could be the banks as much as it could b Continue reading >>

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 >>

Microsoft's Next Step For Blockchain As A Service: Making It More Usable By Businesses

Microsoft's Next Step For Blockchain As A Service: Making It More Usable By Businesses

Microsoft's next step for Blockchain as a Service: Making it more usable by businesses Microsoft is looking to make its Blockchain-as-a-Service offering easier to use in real-world scenarios by enterprises with a new framework. Microsoft is out to make its Azure Blockchain-as-a-Service offering easier for businesses to build real-world applications atop it. Microsoft's Enterprise Smart Contracts Framework Microsoft's next step in its evolving Blockchain-as-a-Service strategy is the introduction of Enterprise Smart Contracts . "Our customers and partners often say to us, 'Ok, you've made it easy for me to stand up these blockchain networks, but what do I do now?' blogged Marley Gray, Principal Program Manager for Azure Blockchain Engineering. A quick refresher on what Microsoft is doing in the blockchain space: Blockchain is the technology that underpins the cryptocurrency Bitcoin. But it has uses beyond that. A blockchain is a shared, distributed ledger that can store the complete transaction history of not just cryptocurrency but other kinds of records. As such, it's of interest to many enterprises, especially those in banking and finance. Microsoft initially launched Azure Blockchain-as-a-Service in November 2015 . In 2016, Microsoft took the wraps off version 1 of its Project Bletchley blockchain template/middleware , which was meant to help customers and partners create private consortium Ethereum networks. (Ethereum is an open-source, blockchain-based distributed computing platform that provides a decentralized virtual machine.) With Enterprise Smart Contracts, Microsoft is attempting to help businesses figure out how to build on top of blockchain as a service. Enterprise contracts provide users with schema (the data elements for the execution and fulfillment of c 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 >>

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 >>

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 >>

How Does Blockchain As A Service (baas) Work?

How Does Blockchain As A Service (baas) Work?

How does Blockchain as a Service (BaaS) work? I've been so entrenched in the world of cryptocurrencies that I'm confounded by how a Blockchain as a Service would work in the enterprise realm. Both Microsoft and IBM have BaaS offerings, advertising that it will change the way your business functions. I'd like to know, in general, how a blockchain system is run in the enterprise. Several questions come to mind: How many miners are required? I'm assuming the hashpower your own enterprise systems could provide would not be substantial enough to have impenetrable security. Who provides the hashpower? The BaaS provider, or your own network of computers? Since you are the owner of this blockchain, how is this more secure than just a regular (encrypted) database with strict access control? What is the format of the data stored in these blockchains? Are they able to insert any custom data format and payload in each transaction, since it is a proprietary blockchain? Besides security in the form of immutability, what other benefits does a blockchain in the enterprise provide? It depends on the type of Blockchain network you referring to. Typically it is permissionless or permissioned. For the permissionless; anyone/ any organization can volunteer to run full nodes as long as they ready to allow spare computing and bandwidth resources. No incentive Nor reward for this service. In future respective Blockchain company /developers - they may consider for incentive/s or rewards. This would ensure more and more nodes running at a given point in time. More nodes means more secure for the block mining and there by your secure transaction/s. In recent past, there has been significant drop in "running full nodes". This is a bit of concern. In addition, permissionless P2P network no access Continue reading >>

Blockchain - Wikipedia

Blockchain - Wikipedia

For other uses, see Block chain (disambiguation) . Blockchain formation. The main chain (black) consists of the longest series of blocks from the genesis block (green) to the current block. Orphan blocks (purple) exist outside of the main chain. A blockchain [1] [2] [3] originally block chain [4] [5] is a continuously growing list of records , called blocks, which are linked and secured using cryptography . [1] [6] Each block typically contains a hash pointer as a link to a previous block, [6] a timestamp and transaction data. [7] By design, blockchains are inherently resistant to modification of the data. Harvard Business Review defines it as "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way." [8] For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority. Blockchains are secure by design and are an example of a distributed computing system with high Byzantine fault tolerance . Decentralized consensus has therefore been achieved with a blockchain. [9] This makes blockchains potentially suitable for the recording of events, medical records, [10] [11] and other records management activities, such as identity management , [12] [13] [14] transaction processing , documenting provenance , or food traceability . [15] The first blockchain was conceptualised in 2008 by an anonymous person or group known as Satoshi Nakamoto and implemented in 2009 as a core component of bitcoin where it serves as the public ledger for all transactions. Continue reading >>

The Top 10 Blockchain As A Service Providers - Datamation

The Top 10 Blockchain As A Service Providers - Datamation

I know you're not surprised by the emergence of blockchain as a service. Two of the hottest terms in IT these days are blockchain and x as a Service, where the X can be anything from Software to Big Data. So it was inevitable that the two would merge. The on-demand world has yielded quite a few interesting services, like databases, Big Data, high performance computing and firewall, among many others. If it is software or infrastructure-related, it will eventually become a service. The same applies to blockchain. Blockchain shows how far weve come in the tech world, in that it is being rapidly adopted and no one knows who invented it. Someone named Satoshi Nakamoto claims to have developed the technology but there is some dispute of that, given his flawless English and use of British terms. Whoever Nakamoto is, he or she or they have created a technology that the world is falling all over itself to adopt, and there is no software company behind it. No IBM, no Microsoft, no Google. It is a remarkable statement of blockchains effectiveness. First, Blockchain is a public electronic ledger, like a database, that creates an unchangeable record of transactions between users, each one time-stamped and linked to the previous one so it cannot be altered or duplicated. Each digital record or transaction in the thread is called a block, and the string of blocks are a chain, hence the name. Blockchain can only be updated by consensus between participants in the system, and when new data is entered, it cannot be erased. This makes the chain a verifiable and unalterable string of records for every transaction ever made in the system. The main proof of concept for blockchain for now is Bitcoin, the most widely hyped of the cryptocurrencies although not the only one. Bitcoin is a metho Continue reading >>

Ibm. Azure. Aws. Blockchain As A Service Market Booming - Business Insider

Ibm. Azure. Aws. Blockchain As A Service Market Booming - Business Insider

A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our What is Blockchain Technology as a Service? Don & Alex Tapscott , authors of the Blockchain Revolution 2016, define the blockchain technology as an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions, but virtually everything of value. The blockchain is a ledger, or list, of all of a cryptocurrency's transactions, and is the technology underlying Bitcoin and other cryptocurrencies. As for blockchain technology itself, it has numerous applications, from banking to the Internet of Things. In the next few years, BI Intelligence , Business Insider's premium research service, expects companies to flesh out their blockchain IoT solutions. But a few companies have already released their blockchain technology as a service. IBM Blockchain empowers businesses to digitize transaction workflow through a highly secured, shared, and replicated ledger. It is a public cloud service that customers can use to construct secure blockchain networks. IBM Blockchain has joined The Hyperledger Project to evolve and improve upon earlier forms of the blockchain. IBM Blockchain Platform states itself as the only fully integrated enterprise-ready blockchain platform designed to accelerate the development, governance, and operation of multi-institution business networks. IBM claims their blockchain product is built in a highly auditable way to track all of the activity that happens within a network, which would give administrators an audit trail in the event something did go awry. Blockchain as a Service (BaaS) by Microsoft Azure claims to provide a r 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-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 >>

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 >>

Blockchain Technology | Microsoft Azure

Blockchain Technology | Microsoft Azure

The more replicas there are, the more authentic the ledger becomes. Microsoft is bringing blockchain to the enterprise, working with customers, partners, and the blockchain community to continually advance its enterprise readiness. Our mission is to help companies thrive in this new era of secure multiparty collaboration by delivering platforms and services that any companyincluding ledger startups, retailers, health providers, and global bankscan use to improved shared business processes. As an open, flexible, and scalable platform, Azure supports a rapidly growing number of distributed ledger technologies that address specific business and technical requirements for security, performance, and operational processes. Our Data and AI platform provides unique off-chain data-management and analysis capabilities that no other platform offers. And the vast Microsoft partner ecosystem extends the capabilities of our platforms and services in unique ways that fit specific workload and industry needs. Azure provides a rapid, low-cost, low-risk, and fail-fast platform for organizations to collaborate on by experimenting with new business processesand its all backed by a cloud platform with the largest compliance portfolio in the industry. Get started on the blockchain that best fits your scenario with our easy-to-deploy templates for the most popular ledgers. Whether you're modeling your shared process through a single-member proof of concept or building a multimember consortium, we offer tools that reduce the time you spend building and configuring your blockchains network infrastructure, so you can focus on building your workflows and smart contracts. Build and connect distributed applications, and integrate Blockchain with the cloud services and tools your organization alrea Continue reading >>

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