Blockchain As A Service(BlaaS)

Blockchain As A Service (BlaaS)

The V2 BlaaS

The V2 BlaaS is a cross-cloud, cross-portal, cross-framework infrastructure used to deploy and operate all types of blockchain applications. The aim is to change the existing problem of the high cost of developing and deploying blockchain applications by, just like the internet, providing public resource and interoperability environments to developers. This greatly reduces costs associated with the development, deployment, operations, maintenance and regulation of blockchain applications and, thereby, will accelerate the development and universal adaptation of blockchain technology.

Today‘s Blockchain Challenges

Blockchain development, deployment, and management is expensive and complicated

Blockchains typically run separately on different servers or clouds

Many different underlying structures and frameworks create incompatibility

Experienced blockchain developers in short supply

Permissioned Blockchains

Permissionless Blockchains

Interchain

Capabilities

Purchase BlaaS Resources

Create Projects and Keys for Connecting to Public Chain nodes

Manage Permissioned Chains

Update Smart Contracts

Manage Off-Chain System Access

Access Interchain Services

BlaaS Structure

Operation & Maintenance
Developer Cross-chain Training & Development
Dapp Contract Development & Deployment
Developer Framework Training
Cloud Resource
Application independent solution which is highly extensible

Savings

Scenario

20 permissioned Dapps on intranet with one public chain node and one shared permissioned node
Each Dapp/chain has three peer nodes
Dapps developed and deployed on Fabric (5), Quorum (7), and Corda (8)
Dapp configurations: TPS = 10, disk capacity = 500G, identical data usage across both scenarios

BlaaS Use Cases

01 Copyright Protection

02 Procurement

03 E-Government

04 Asset Digitalization

05 Supply Chain Finance

06 Supply Chain Management

07 Internet of Things

08 Contract Management

09 Digital Evidence

10 Agricultural Product Traceability

11 Healthcare

12 Non-Profit

Benefits BlaaS to Business

Trust

Enables trust between participants who don’t know each other.

Decentralized structure

Enables real-time data sharing among businesses like suppliers and distributors while reducing points of weakness.

Improved security and privacy

Creates and unalterable record of transaction with end-to-end encryption, which reduces fraud and unauthorized activity.

Reduced costs

Creates efficiencies by reducing manual tasks such as aggregating and amending data and by easing reporting and auditing.

Speed

Eliminates intermediaries so transactions are handled faster than conventional methods.

Visibility and traceability

Tracks the origins of a variety of items, such as medicines, to confirm they are legitimate instead of counterfeit and organic items to confirm they’re indeed organic.

Immutability

Ensures transactions can’t be changed or deleted.

Individual control of data

Gives entities the ability to decide what digital data they want to share, with whom and for how long, with limits enforced by smart contracts.

Tokenization

Converts value of an asset into a digital token recorded and shared via blockchain, Non-fungible tokens are used to sell digital art.

Innovation

Leaders across multiple industries are exploring and implementing blockchain-based systems to solve intractable problems and improve long-standing cumbersome practices, such as verifying the info on a job resume.

Key Benefits

Manufacturing

Materials provenance, asset tracking, quality assurance

Energy

Renewable energy certificates tracking, immutable record of mineral rights

Insurance

Simpler and faster claims management, reduced administrative costs

Supply Chain

Improved transparency, traceability, and fraud mitigation

Finance

Verification and transfer of financial information and assets

Healthcare

Unified patient data, drug traceability, and data security

Retail

Better inventory management, faster settlements, and less paperwork

Government

Streamlined and secure public record-keeping and verification functions