Three Major Global BaaS Companies-AWS, IBM, Luniverse
This article originally appeared on : https://luniverse.io/top-3-baas/
What are the major differences between BaaS products provided by AWS, IBM and Luniverse, the global leaders of IaaS, PaaS, and BaaS respectively? Let’s have a deep dive into how these products differ.
BaaS stands for Blockchain as a Service, allowing companies to build blockchain applications and digital services on a distributed network while the vendor supplies infrastructure and blockchain building tools. Most often, complicated infrastructure set-ups and the blockchain building tools such as Web3, Smart Contract, PKMS(Private Key Management Service) require businesses to pour enormous amounts of time and resources into their services. To avoid such hassle, BaaS provides secure, stable, easy-to-use, and open blockchain cloud services to build an Internet featuring mutual trust and efficient collaboration. As such, companies have more room to focus on their own services.
Before explaining the core concepts of BaaS, let’s take a look at what existing cloud services are. BaaS can be categorized into three types as follows: IaaS, PaaS, and SaaS-type BaaS.
IaaS: Infrastructure as a service(IaaS) are online services that provide high-level APIs used to dereference various low-level details of underlying network infrastructure like physical computing resources, location, data partitioning, scaling, security, backup.
PaaS: Platform as a service (PaaS) is a complete development and deployment environment in the cloud, with resources that enable you to deliver everything from simple cloud-based apps to sophisticated, cloud-enabled enterprise applications.
SaaS-type Baas: Blockchain as a Service provides blockchain APIs, convenient GUI tools to issue, deploy and transfer tokens, and secure and simple private key management to users who do not necessarily have the domain knowledge of blockchain. Needless to say, the concept is based on and works on engagement principles similar to that of Software as a Service (SaaS).
Read the rest at https://luniverse.io/top-3-baas/
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