January 16, 2018
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). Let’s 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.