Blockchain-as-a-Service (BaaS) providers offer businesses a cloud-based infrastructure to build, deploy, and manage blockchain applications. These applications can serve a variety of purposes, often involving transactions or verification. Common use cases for blockchain apps include payments, identity management, supply chain tracking, smart contracts, and tokenization. Many companies turn to BaaS providers because they lack the in-house computing resources required to host large-scale blockchain applications. Instead, BaaS providers take on the responsibility of managing the physical infrastructure. Financial institutions like banks, insurance companies, and fintech startups use BaaS to streamline transactions, enhance transparency, and improve security in financial operations. Similarly, retailers, manufacturers, and logistics firms leverage blockchain to track products, verify authenticity, and minimize fraud in supply chains. BaaS providers offer a pay-as-you-go, cloud-based platform for developing blockchain applications, eliminating the need for businesses to invest in servers, set up hardware, or allocate staff to manage physical resources.
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