Blockchain as a Service – an overview of AWS and its BaaS

Abstract

Cloud computing is a fast-growing type of computing service that enables businesses to expand their storage and computing needs. To provide the service, a dedicated cloud computing system is required, whose design should ensure that it can meet the needs of its clients efficiently and effectively. While highly available and scalable, the architecture of a cloud computing system should also avoid relying on expensive hardware for its operation. This paper will first cover the available services that Amazon Web Services (AWS) provides, which is considered a leader in the cloud computing market. The emergence of new technological advancements has enabled a seamless synthesis of cloud computing and blockchain technology, known as blockchain-as-a-service. The connection of these two technologies aims to increase trust, security, transparency, and traceability of shared data. This synthesis is expected to significantly increase the value generated by these two platforms. The main aim of this paper is to explain BaaS in general, particularly its characteristics and usage. This paper will focus on one of the leading cloud providers, AWS.