Blockchain as a Service (BaaS) allows businesses to create, host and use their own blockchain applications without needing to know the intricacies of how the back-end coding works. All the smart contracts and functions are convenient on the cloud. The services provider handles all the required tasks revolving around maintaining the infrastructure needed to keep the service operational.
In all cases of BaaS, the cloud service provider partners with a blockchain project to provide the network required. We have seen it with QTUM partnering with Amazon Web Services to provide the service to businesses. A similar deal was struck between ICON (ICX) and SK Holdings to offer Blockchain as a service to banks, insurance companies and broker dealers. AWS also recently launched a managed blockchain service and a quantum ledger database.
VeChain Thor (VET) and AWS’s One-Click Solution
It is with the above brief history of BaaS that we can better understand the recent announcement by the team at VeChain Thor (VET) that One-Click DApp deployment is now available on AWS for businesses. The new service is unique in that it also includes compliance certification services from DNV GL.
The latter firm invested in VET in May of last year. The move was aimed at DNV GL offering more solutions to businesses on the VET blockchain. DNV GL is a global leader in quality assurance and risk management.
VET’s Blockchain as a service was initially launched in 2016 on AWS. It has since developed to offer a comprehensive blockchain solution that combines NFC+RFID chips, blockchain encryption, identity verification technology, Internet of Things (IoT), cloud computing, and traditional enterprise IT services. The announcement of the One-Click feature goes on to explain how it will be beneficial to enterprises.
With this one-click solution, VeChain’s BaaS solution will use AWS CloudFormation to enable their customers to deploy in one click, eliminating the cumbersome manual deployment associated with the emerging industry.
As earlier mentioned, DNV GL’s compliance certification will be an additional benefit to all VeChain customers using the One-Click solution.
VeChain’s BaaS solution gains additional competitive advantages as they hone in on compliance and security through DNV GL’s compliance process and system architecture, as well as best practices in digital verification and information security.
As VeChain’s strategic partner, DNV GL provides security and compliance certifications to VeChain customers. Founded in 1864, DNV GL is a global quality assurance and risk management company, providing the world’s leading third-party certification services.
What are your thoughts on the One-Click BaaS solution by VET and AWS that simplifies the deployment of DApps for businesses? Are such services accelerating the adoption of blockchain technology? Please let us know in the comment section below.
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