How Does BaaS (Blockchain as a Service) Work?

2 pointsdata379y ago3 comments

I hear that all biggies (MS, IBM, Amazon etc) are jumping in with their own BaaS offerings. But I'm puzzled - if these providers each maintain their own blockchain, how can a transaction involving entities which exist in different blockchains, succeed?

3 comments

wmf9y ago

It won't. Each blockchain will handle a different type of transaction (e.g. bonds vs. shipping) so cross-chain transactions aren't really needed.

(Disclaimer: This comment hypothetically assumes that blockchain blockchain blockchain mania actually works.)

data37OP9y ago

I thought the blockchain boundary is limited to the provider (IBM, MS etc), not to the transaction type or business domain (shipping, bonds etc).

If the a blockchain is specific to a transaction type, does it mean all providers will use the same copy of the blockchain for that transaction type (shipping type etc)? But in that case, since blockchain doesn't belong to anyone, the BaaS providers would be similar to mining pools. Isn't it?

wmf9y ago

The idea is that each provider will "own" one industry.

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How Does BaaS (Blockchain as a Service) Work?

2 pointsdata379y ago3 comments

3 comments

wmf9y ago

It won't. Each blockchain will handle a different type of transaction (e.g. bonds vs. shipping) so cross-chain transactions aren't really needed.

(Disclaimer: This comment hypothetically assumes that blockchain blockchain blockchain mania actually works.)

data37OP9y ago

I thought the blockchain boundary is limited to the provider (IBM, MS etc), not to the transaction type or business domain (shipping, bonds etc).

wmf9y ago

The idea is that each provider will "own" one industry.

j / k navigate · click thread line to collapse