Real-World Implementation of Blockchain as a Service

It is no more the fear of missing out but the optimism toward blockchain that is bringing more companies to utilize the technology. The tech-giants clearly sensed the growing demand for this technology and stepped into the game. Microsoft, Amazon, Hewlett-Packard and many others have developed a blockchain as a service platform.

Let's see how they are helping businesses globally with blockchain technology.

IBM Blockchain Technology

IBM is best known in the blockchain space for the Hyperledger Fabric, managed by Linux Foundation. It is aimed to help financial institutes integrate blockchain processes to the traditional systems.

IBM launched its blockchain as a service platform in March 2017 using the Hyperledger Fabric. They intend to help private and public sector companies to set up a secure network for information sharing. To elevate the trust in their platform, IBM stakes its best bet on the ease of auditability to track all activities that take place on the network.

IBM has partnered with widely recognized companies such as Accenture, Intel, and Fujitsu.

Microsoft Azure Blockchain

Only second to IBM, Microsoft has a strong foothold in the blockchain industry. It already had 20 blockchain patents to its name in 2018. Launching the Microsoft Azure Blockchain has only taken the company's blockchain game to the next level.

The platform provides development tools as a part of the Azure Blockchain Workbench that is promised to simplify the development of blockchain applications. According to Microsoft, developers can use their BaaS platform to “cut development time and experiment easily with modular, preconfigured networks and infrastructure.”

Some of the biggest customers utilizing Microsoft's BaaS platform include XBOX, 3M, and Nasdaq.

Alibaba Cloud

Alibaba group has long shown interest in blockchain technology and its use cases. It has a total of 90 blockchain patents, more than any other company globally. Apart from filing blockchain patents and founding its own cryptocurrency mining firm, Alibaba also created their blockchain as a service section of the Alibaba Cloud.

The firm offers secure implementation and integration of blockchain using the Hyperledger Fabric and Ant Blockchain for enterprises. The primary features, as explained by the organization, include quick deployment of blockchains for enterprises, consortium management, organization management, chaincode management, security services, etc.

Alibaba Cloud boasts of a number of big names such as AirAsia, Ford, KPMG, and SAP as its customer.

Amazon Managed Blockchain

Amazon launched its Blockchain as a Service platform as part of the Amazon Web Service. The tech giant that has its arm in almost every major tech industry describes Amazon Managed Blockchain as “a fully managed service that allows you to set up and manage a scalable blockchain network with just a few clicks.” Global brands such as Nestle and AT&T were among the first few to sign up to leverage Amazon's blockchain services.

With this, Amazon joined the likes of Microsoft and IBM in providing blockchain as a service.

Conclusion

The involvement of some of the biggest and most widely known technology companies is a sure sign that blockchain is a high-potential technology. Although these companies are mostly focusing on providing enterprise-grade solutions, the impact of the technology would soon grow wider.

Author Bio:

Nena has a wealth of experience in blockchain, engineering, program management attained at Apple, Cisco, consulting agencies and startups. As a strategic blockchain advisor, she is able to share best practices and lessons learned to ensure that the clients achieve their blockchain goals. She has helped fintech, banking, supply chain, gaming, AI, IoT enterprises and startups design and develop end-to-end blockchain solutions, in order to add new revenue streams and business models, improve system performance and transaction speeds, reduce risks and enhance security, increase scalability, optimize costs and improve processes.

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