Blockchain as a service and its demand

Blockchain as a Service (BaaS) provides cloud-based solutions that allow customers to develop, use, and host blockchain applications without having to build the underlying infrastructure. BaaS makes blockchain development simpler and more accessible for businesses. It enables organizations to focus on their core work while BaaS providers handle technical blockchain tasks. The demand for BaaS is growing as more companies adopt blockchain technology across industries like supply chain, healthcare, and finance. The BaaS market is expected to grow from $350 million in 2017 to over $15 billion by 2023.