Performance Analytical Comparison of Blockchain-as-a-Service (BaaS) Platforms

Abstract

Both blockchain technologies and cloud computing are contemporary emerging technologies. While the application of Blockchain technologies is being spread beyond cryptocurrency, cloud computing is also seeing a paradigm shift to meet the needs of the 4th industrial revolution (Industry 4.0). New technological ad-vancement, especially by the fusion of these two, such as Blockchain-as-a-Service (BaaS), is considered to be able to significantly generate values to the en-terprises. This article surveys the current status of BaaS in terms of technological development, applications, market potentials and so forth. An evaluative judge-ment, comparing amongst various BaaS platforms, has been presented, along with the trajectory of adoption, challenges and risk factors. Finally, the study suggests standardisation of available BaaS platforms.