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

TL;DR

This paper provides a comprehensive comparison of Blockchain-as-a-Service platforms, analyzing their technological development, applications, market potential, and challenges to guide standardization efforts.

Contribution

It offers an evaluative comparison of various BaaS platforms, highlighting their development status, adoption trajectory, and associated challenges and risks.

Findings

Different BaaS platforms vary significantly in features and maturity

Adoption of BaaS is influenced by technological, market, and regulatory factors

Standardization is recommended to enhance interoperability and growth

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.