"Blockchain-as-a-Service" (BaaS) is a current buzz in the market as everyone wants ready to use solutions and services for their businesses. BaaS allows enterprises to use cloud-based services for building, hosting and deploying blockchain apps, agreements, and utilities. It will give the boost to the blockchain adoption for small-medium businesses quickly and cost-effectively on cloud-based platforms.
This is basic information anyone can gather on the internet, besides that what and how does it exactly work?
It sounds like a good topic. I recently attended an AMA session with Ophelius Labs and they answered some questions on this topic.
From what I gathered, the idea of BaaS is similar to SaaS because you will access it via an intranet or extranet connection. I studied many SaaS examples, but it only requires a simple log in credential and some industry-standard level of security to access. However this security is only a complex encryption and wont actively prevent DDoS attacks or something similar. With the blockchain in place, businesses and organizations can prevent MitM (man in the middle), packet sniffing, and, of course, DDoS attacks. This can lead to more secure computing for organizations and protect their sensitive data.
A few short years ago we were talking about the next big thing with information security in the cloud, but looks like we've finally reached some middle ground between confidentiality plus integrity and yet maintaining accessibility for remote or mobile workers.
