Flipside Daily Mover: BTM

A coin per day, making big moves

BTM Expands Offerings with Bystack Release

June 12, 2019

BTM FCAS climbed 51.71% over the last 30 days. Fundamentals are up across the board, including a 60.73% rise in Developer Behavior, 29.16% spike in User Activity, and a 26.21% rise in Market Maturity. Price is up 33.9% over the same time period.

Slap the BaaS

Established in 2017, Bytom has created a protocol that supports the exchange of both digital assets and traditional financial assets on a single platform. Through tokenization of instruments from equities to bonds, the BTM team aims to bridge the gap between the two disparate worlds of cryptofinance and its institutionalized predecessor.

In efforts to expand the scope of their business and attract enterprise-level clients, Bytom launched Bystack in May, a Blockchain-as-a-Service (Baas) offering that enables businesses to deploy blockchain solutions as sidechains to the Bytom mainnet. Fundamentals rose in the run-up to launch and have sustained. The project has identified a number of use cases for their BaaS solution, from copyrighting to equity management.

🌶️ Hot Take

As blockchain platforms have matured over the last couple of years, they have not only refined their technology but also their target customers. A number of projects have rolled out BaaS solutions that appeal more to established enterprises than start-up DApp creators. The move is a calculated effort to target customers with deep pockets and established customer bases, as well as a more proven business model.

Additionally, because some enterprises have been reluctant to build their own solutions on top of blockchain platforms in light of regulatory uncertainty around holding crypto assets, BaaS solutions have helped quell these concerns while still managing to move businesses onto the blockchain; a small but significant step. Look for this trend to continue as regulatory oversight gains clarity and blockchain solutions continue to evolve.

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