In this article, we dive deep into the top blockchain-as-a-service providers available in the industry. We explore each provider in detail, looking at the background, services available, and target markets. First, we explore what a blockchain-as-a-service provider is and how the business model operates. Then finally, we explore a few things to consider before going ahead with a blockchain-as-a-service provider.
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What is Blockchain-as-a-Service (BaaS)?
Many businesses, big or small, collaborate with external parties and partnerships. Blockchain is an innovative technology that allows multiple parties to access shared data with real-time updates. In addition, all data on the blockchain is immutable, meaning no one can alter or adjust any details after its confirmation. Thus, incorporating elements of blockchain is becoming increasingly commonplace within businesses keen to remain at the forefront of technology. As a result, we are witnessing the emergence of blockchain-as-a-service (BaaS) products to assist with the development and adoption of blockchain.
Blockchain-as-a-service (BaaS) is a similar concept to software-as-a-service (SaaS) products. BaaS providers allow developers to create decentralized applications (dapps) and services. This could be on an existing blockchain or provide the opportunity for developers to build their own blockchain using an existing BaaS framework. As blockchain grows in popularity, BaaS products are becoming increasingly in demand from individual programmers to large-scale enterprise businesses. This is because BaaS products allow businesses to dip their toes in a cutting-edge industry with minimal hassle and maximum efficiency. Thus, BaaS providers are expediting the mass adoption of blockchain.
Exploring Top Blockchain-as-a-Service Providers
There are many different blockchain-as-a-service providers and products available. Furthermore, blockchain-as-a-service (BaaS) platforms include professional consultation, easy workflow setup, and provide preconfigured networks and modular infrastructure. Also, some BaaS providers offer platform architecture management with Web3 middleware for dapp development and management. This could include access to dashboard application programming interfaces (APIs), providing insights into on-chain activities. In short, the shared goal with all of the top blockchain-as-a-service providers is to offer secure, reliable payment and data sharing networks accessible to multiple parties.
Below, we look at some of the top blockchain-as-a-service providers available. Also, we explore the various products they offer.
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Amazon Managed Blockchain
First on our list of top blockchain-as-a-service providers is Amazon Managed Blockchain, operating with Hyperledger Fabric and the Ethereum blockchain. Amazon Managed Blockchain offers users a simple way to incorporate aspects of either public or private networks. Moreover, as one of the top blockchain-as-a-service providers, Amazon Managed Blockchain promises to be fully scalable to meet increasing client demands.
Amazon Managed Blockchain takes care of the overhead requirements for setting up or joining a blockchain while allowing clients to operate with a unique customized network. Plus, users can create one network with Amazon Managed Blockchain that is compatible with multiple Amazon Web Services (AWS) accounts. Also, being one of the top blockchain-as-a-service providers, Amazon Managed Blockchain makes it easy to add new members to a network. Further, Amazon Managed Blockchain manages and organizes any relevant certificates, developments, or infrastructural requirements for businesses integrating blockchain. Thus, its clients can focus on the integral aspects of a business model while Amazon Managed Blockchain deals with the technical backend stuff.
Azure Blockchain Service
Microsoft Azure, previously known as Windows Azure and often referred to as “Azure”, is a world-leading public cloud computing platform created and managed by Microsoft. Its services include computing, storage, analytics, and networking. Azure’s latest product, “Azure Blockchain Service”, expands the brand’s utility and makes it on the list of top blockchain-as-a-service providers. Overall, Azure Blockchain Service aims to offer a convenient way for users to manage blockchain integrations. This is by allowing users to access a variety of tools and services to create networks and applications using Azure’s infrastructure. By promising a “fully-managed ledger service”, Azure Blockchain Service presents a range of governance and management features as cryptographically secure smart contracts.
With community media outlets voting Azure as one of the top blockchain-as-a-service providers, its clientele includes the likes of J.P. Morgan, Starbucks, Xbox, and GE Aviation. Azure Blockchain Service markets enterprise clients seeking solutions to reduce fraud. Plus, Azure caters to maximizing efficiencies surrounding supply chain operations and financial transactions. Positioning itself as one of the top blockchain-as-a-service providers in the industry, Azure offers a range of products and partnership services. This includes access to Quorum Blockchain Service (QBS), the Azure SQL Database ledger, and the Azure confidential ledger (ACL).
Coinbase Cloud
The third project to feature on our list of top blockchain-as-a-service providers is Coinbase Cloud. Unlike the aforementioned providers, Coinbase Cloud targets more individual and small-scale Web3 development projects. However, as one of the top blockchain-as-a-service providers, Coinbase Cloud boasts enterprise-grade security, scalability, and development opportunities. In particular, Coinbase Cloud seeks to put its services in front of the eyes of crypto and Web3 project developers. As such, the platform offers a range of blockchain development tools to expedite the deployment time of cryptocurrency products. For example, Coinbase Cloud APIs include identity verification, data access, staking, trade, and exchange functions.
Coinbase Cloud features as one of our top blockchain-as-a-service providers for its “ease of use” and comprehensive suite of services. As a result, developers can build and launch crypto projects with minimal friction. Also, Coinbase Cloud makes it easy for developers to interoperate their applications with cross-chain and multi-cloud features with multi-region resiliency. Furthermore, as a top blockchain-as-a-service provider, Coinbase Cloud offers valuable data management and analytical tools.
IBM Blockchain
Another project on our list of top blockchain-as-a-service providers using Hyperledger Fabric is IBM Blockchain solutions. IBM Blockchain is an umbrella service incorporating IBM business partners and the IBM Blockchain platform. IBM Blockchain solutions provide a holistic service by catering to blockchain business needs from consultation to development, deployment, and management. This includes features for multi-cloud, hybrid cloud, and on-premises environments. IBM Blockchain consultations include insights from over 1,600 blockchain experts. Specifically, IBM Blockchain solutions can assist with three main design points: business value, technology, and governance infrastructure.
Being one of the top blockchain-as-a-service providers, IBM Blockchain promises its users a secure, reliable, and scalable service that can grow with existing businesses. Moreover, IBM Blockchain solutions include decentralized off-chain and on-premises storage facilities. Also, IBM Blockchain solutions feature auditing and environment testing for security measures surrounding public key infrastructure (PKI) APIs, web and mobile apps, and more.
Infura
Next on our list of top blockchain-as-a-service providers is Infura. Infura offers developers reliable Web3 tools to access Ethereum and IPFS. Further, Infura promises a seamless blockchain service from testing to scaling through harnessing the power of a “globally distributed cloud-hosted node network”. Accordingly, Infura offers developers a suite of APIs with high accessibility to the Ethereum blockchain, with some APIs requiring only one line of code. Alongside this, developers gain frictionless access to the decentralized storage protocol, IPFS.
Overall, Infura aims to lower the technical and expense barriers for businesses and individual developers to deploy blockchain applications. As such, businesses don’t need to worry about owning proprietary hardware, configuring software, and storage solutions. As one of the top blockchain-as-a-service providers, Infura offers insights into operational analytics with a threshold notifications option. Plus, all smart contract-enabled features go through regular auditing before going live through Infura.
Moralis Web3
Finally, our list of top blockchain-as-a-service providers would not be complete without the leading Web3 development platform, Moralis, which powers industry-leading Web3 projects. Further, Moralis has saved its users over $86 million in engineering costs. Plus, Moralis is notorious for reducing the time it takes to go from idea to deployment – with an average reduction of 87% in time to market. With Moralis, developers can launch their ideas in days – not months! As one of the top blockchain-as-a-service providers, Moralis supports numerous blockchain networks and caters to individual engineers and enterprises alike.
Made by developers for developers, Moralis is a Web3-centric business enabling programmers to build robust, fast, scalable, and interoperable applications. As such, Moralis users can expect a suite of popular and cutting-edge Web3 tools and services. Marketing itself as the go-to Web3 middleware, Moralis makes it easy for anyone to design, deploy, and manage decentralized applications (dapps), games, and cryptographic assets, including cryptocurrencies and non-fungible tokens (NFTs). Developers can use Moralis to seamlessly implement Web3 authentication with just a single line of code. This includes Web3 social media login support via Twitter, Google, etc. Also, Moralis can assist in identity management across several authentication providers and networks. Moralis takes care of the technical heavy-lifting to offer its users effortless session management. In addition, Moralis presents users with real-time and historical insights!
At the forefront of top blockchain-as-a-service providers, Moralis offers a suite of powerful software development kits (SDKs) for any platform. Alongside Moralis’ Web3 services, Moralis Academy is the number one Web3 and blockchain education platform. Plus, Moralis hosts an NFT coding community as a dedicated space to learn NFT and metaverse development.
Blockchain-as-a-Service (BaaS) Considerations
Now that we’re familiar with some of the top blockchain-as-a-service providers, let’s evaluate some considerations before interacting with one of the services.
Cost
The first factor you should consider is your budget. Different blockchain-as-a-service (BaaS) providers cater to different markets and, thus, will offer varying service prices. Make sure to calculate the initial investment costs and the long-term savings from the efficiencies of blockchain integration. Also, factor in the likelihood of expansion, interoperability, and adoption as the popularity of blockchain continues to grow.
Time
Each project or business will have its own unique demands and parameters for integrating blockchain. Ergo, working out the time necessary for design and deployment can be challenging. However, be sure to set out a structured goal with an estimated timeline. Research or seek advice regarding the average time it takes for specific operations to be carried out with different providers.
Necessary Tools
Before diving straight into the deep end, first consider the most optimal and efficient skill sets, tools, and resources for blockchain integration. If you’re unsure where to start, a consultation with an expert can assist in laying the groundwork. Ideally, a consultant can advise on ideal development opportunities, deployment time, and top blockchain-as-a-service providers for your specific needs. Plus, always remember to engage in security and auditing operations frequently.
Scalability
There are many benefits to integrating blockchain into an existing model. Some of the most popular advantages include increased security, speed, and cost-efficiencies. That said, scaling blockchain use with user growth is an industry-wide challenge. However, there are many solutions available. Without the correct foundations, crypto projects and businesses will struggle to keep up with growing demand. As such, when considering using a blockchain-as-a-service (BaaS) provider, check the capacity for scaling in the future.
Exploring Top Blockchain-as-a-Service Providers – Summary
We hope you enjoyed reading our “Top Blockchain-as-a-Service Providers” article and found the content helpful. With such a wide range of blockchain-as-a-service providers and products available, the opportunities for development within the decentralized landscape are greater than ever before. Catering to individual software engineers and world-leading enterprises, the top blockchain-as-a-service providers are at the forefront of Web3 development.
Users can choose from a whole host of options. As a result, integrating blockchain into existing IT systems couldn’t be easier. Also, the top blockchain-as-a-service providers make creating a decentralized application, game, or network a fast and straightforward process. Moreover, developers can gain insights into on-chain activities alongside identity management and verification plugins. However, be sure to do your own research before choosing a blockchain-as-a-service (BaaS) provider, as each provider varies.
To broaden your blockchain knowledge further, why not read our “Understanding Crypto Crashes” article next? Or, see our “How to Invest During a Crypto Bear Market” article to learn how to navigate the Bitcoin winter period.
