• info@giantglobalsoft.com
  • +(234) 08032738761

Blockchain As A Service (BaaS)

Blockchain As A Service is a new blockchain technology that is currently integrated by some startups as well as enterprises. Blockchain As A Service is a cloud-based service which facilitates the users to develop their digital products by working with blockchain. These digital products may be applications, smart contracts, or even other services that can work without any setup of the complete blockchain-based infrastructure.

he tech giants like Amazon manages Blockchain development services that makes it easy to create and manage scalable blockchain networks. In Nov 2018, Amazon announced a blockchain service, Amazon QLDB. It is an immutable, transparent, and cryptographically verifiable ledger for an app that needs a trusted, central authority to provide a permanent and complete record of transactions.

Use Cases Of Blockchain As A Service (BaaS)

  • Performance Contracts
  • Resource Sharing
  • Single Window
  • Contract Execution
  • Document origin Trackin

Cryptocurrencies, the siding products of blockchain technology, are either tied to the price of a commodity or the operation of an algorithm. The stable coins are valuable for exchange operators, exchange users, and the cryptocurrency market as a whole.

As of now, these coins are in their initial phase, but it has been predicted that 2019 would be the year when the blockchain stable coins will achieve their all-time highs.

The State of Stable coins report took a detailed look for the first time at the trade-offs, strengths, and concerns associated with all 57 active stable coins. The statistics of it is shown in the image below-

Use Cases Of Stable Coins

  • Global Currency
  • Decentralized Financial Services
  • Create Stability In Cryptocurrency
  • Streamline Recurring & P2P Payments