Investigation on Effects of Introduction of Blockchain as a Service

"Distributed Ledger Technology or DLTs, are getting a lot of attention. Blockchain-as-a-Administration (BaaS) administrations are arising to supply the crucial supporting framework while remonstration on the potential uses of DLTs. In order to expedite and improve efficiency with regard to the...

Full description

Saved in:
Bibliographic Details
Published in2023 3rd International Conference on Advance Computing and Innovative Technologies in Engineering (ICACITE) pp. 533 - 537
Main Authors Hari Krishna, Somanchi, Sivakoti Reddy, M., Anusha, K., Joshi, Ankita, Ahamad, Shahanawaj, Iram, Faiza
Format Conference Proceeding
LanguageEnglish
Published IEEE 12.05.2023
Subjects
"Distributed Ledger Technology or DLTs"
BaaS
Bandwidth
Blockchain
Codes
Computers
Distributed ledger
Focusing
Organizations
technology
transactions
Trustless services
Online AccessGet full text

Cover

More Information
Summary:"Distributed Ledger Technology or DLTs, are getting a lot of attention. Blockchain-as-a-Administration (BaaS) administrations are arising to supply the crucial supporting framework while remonstration on the potential uses of DLTs. In order to expedite and improve efficiency with regard to the creation, experimentation, deployment, and continuous administration of DLT applications, BaaS comprises a specialist organization giving and overseeing explicit parts of a DLT foundation. Blockchain provides tamper-proof storing of authorized transactions, in contrast to traditional ledger technologies. However, a large part of DLTs' appeal is due to their capacity for decentralization, disintermediation, and "trustless" interaction. BaaS, which is provided by a provider, initially seems to contradict this. In reality, the type of the selling, the specifics of the application, and the objectives and risk tolerance of the participants all affect whether BaaS poses real trust issues. Specifically focusing on the function of providers as a component of a larger infrastructure, this paper portrays the qualities of BaaS and explores the trust issues it creates.
DOI:10.1109/ICACITE57410.2023.10183048