Blockchain-as-a-Service (BaaS) is the third-party creation and management of cloud-based networks for companies in the business of building blockchain applications. These third-party services are a relatively new development in the growing field of blockchain technology, The business of blockchain technology has moved well beyond its best-known use in cryptocurrency transactions and has broadened to address secure transactions of all kinds. As a result, there is a demand for hosting services.

Baas is based on the Software As A Service (SaaS) model and works in a similar fashion. It allows customers to leverage cloud-based solutions to build, host, and operate their own block chain apps and related functions on the blockchain while the cloud-based service provider keeps the infrastructure agile and operational.

It is an interesting development in the blockchain ecosystem that is seen as boosting blockchain adoption across businesses.