Whether you’re a blockchain startup or an established business, it’s extremely expensive to launch your own node network – and even more expensive to maintain it. Since blockchain became a household name, providing the solution to any problem, CEOs around the globe have been urging their tech teams to “go blockchain.” But it’s not as simple as it sounds – and that’s where Nodes as a Service (NaaS) comes in.
Many developers simply aren’t familiar with blockchain technology and are still scrambling to study up on the technology and its nuances. Small businesses and startups may not have the necessary capital to put the right people together, or sufficiently robust systems to enable blockchains to run. Instead of getting ahead in the race, they’re stuck in their tracks wondering how to start.
Building an Enterprise Blockchain
We’ve heard all about large companies like IBM and Walmart successfully deploying blockchain tech in their businesses. But not everyone has the budget of IBM and Walmart. And probably not the talent either.
Building an enterprise blockchain means hiring blockchain developers. Then you’ll have to figure out which fabric to use, from Hyperledger Fabric to Ethereum, or Corda. You’ll also need to understand complex issues, such as how to create digital trust, scale for blockchain, and update your networking infrastructure.
If the management team is chomping at the bit to blockchainize your company, the associated cost and labor can make it challenging, to say the least. And once your distributed platform is created, it requires constant management and great expense. So, have you thought about Nodes as a Service (NaaS)?
“Managing decentralization and ensuring the baseline integrity of blockchain principles is something Blockdaemon does by its default multi-cloud offering – all nodes get distributed across all participating cloud networks (Google, Azure, DigitalOcean, AWS),” says Konstantin Richter, Founder and CEO of Blockdaemon.
Nodes as a Service (NaaS)
We already have Software as a Service (SaaS) and Mining as a Service (MaaS), and now Nodes as a Service (NaaS) is gaining traction. And it’s something that will grow in importance as more and more companies switch their processes to blockchain.
Blockdaemon, a NaaS provider, allows businesses to manage their blockchain applications easily and effectively. This applies to starry-eyed blockchain teams who want to launch actual products rather than just concepts, as well as existing enterprises that want to incorporate blockchain tech.
By pre-configuring simple nodes across many chains and networks, Blockdaemon allows developers to deploy nodes within minutes and connect to blockchains. “Professional developers require services that connect with their orchestration workflows in order to manage deployments of blockchains. This is a normal state of affairs for cloud applications, but the respective standards for blockchains are all over the place and very verticalized by protocol,” Richter explains.
Blockdaemon provides its own infrastructure to offer faster deployment times and cut down costs. And in fact, their services are already being used by a few names you might recognize, including R3, Deloitte, and AdLedger Consortium.
“Enterprises do not want to get engulfed in ideological choices around what protocol will evolve best for their applications. They want to define their software, security, network cost and throughput, and then use the best protocol for those needs. Blockdaemon ensures an agnostic position across all protocols to guide efficient selection.”
NaaS, rather like SaaS and MaaS, is designed to allow businesses to focus on their key strengths and outsource the heavy lifting to a third party. They can innovate and iterate while being able to use one-click deployment to manage their node system. And as the blockchain ecosystem steadily grows, so will the plethora of companies enabling its expedition.