A Complete List of Blockchain-As-A-Service Providers and Their Tokens: IDOs, ICOs & IEOs Ranked by CoinLaunch Score

Blockchain as a Service (BaaS) is a third party cloud infrastructure that offers low-tech and cost-effective technical solutions for businesses interested in incorporating blockchain into their services and products. Essentially, Blockchain as a Service (BaaS) is based on the Software as a Service model (SaaS) and operates similarly.

BaaS providers leverage cloud-based technology solutions to allow their customers to build, host and manage their own blockchain applications through the service.

There are several reasons why Blockchain-as-a-Service providers release their tokens:

1. First things first, BaaS companies release their own native tokens with an intention to raise funds for their project. For example, CoinsPaid. The funding token creators raise during various token sale events will be eventually used to cover development, marketing, operations, and ecosystem expansion.
2. The second reason why BaaS companies launch their native cryptocurrency is for governance purposes. The holders of blockchain service tokens become eligible to vote for different product and token-related modifications and start feeling involved in a project’s development.
3. Finally, the third reason lies in the fact that BaaS providers want to create buzz around their projects through token sale events and subsequent promotional activities.
4. The final and most rare reason is give token holders some real utilities, product usage and ecosystem participation incentives, and access to special service features or fee discount.

Node-as-a-Service is a cloud computing service that gives users an ability to manage and deploy a network of shared or dedicated nodes in the cloud. Running your own nodes may be quite costly in terms of storage, bandwidth, and critical engineering time. With the assistance of NaaS providers, companies no longer have to worry about maintaining their own infrastructure.

Some of the most famous Node-as-a-Service providers include companies like Ankr, Alchemy, Chainstack and Moralis.

In the NaaS model, service providers offer necessary servers, storage and other computer resources to run blockchain nodes for individuals, companies, and enterprises effectively. 

What’s more, Node-as-a-Service companies manage hardware and software, as well as security components, to ensure uninterrupted system work. Some NaaS providers can also offer additional features such as automatic scaling or monitoring to increase performance.

The primary role of blockchain-as-service providers is to assist companies in their blockchain adoption by providing necessary infrastructure, technology and support.

To simplify the creation and implementation of blockchain applications, a typical BaaS operator offers:

• Underlying infrastructure solutions
• Scalability solutions
• Various security measures
• Management & monitoring solutions
• Software development kits (SDKs), APIs, and other tools 

In some sense, the role of a BaaS provider is similar to that of a web hosting provider.