TECH SUPPLIER Nov 2020 - Market Perspective - Doc # EUR145773820
Blockchain Platform as a Service Getting Traction in Europe: A Deep Dive on Leading BPaaS Players
By: Carla La CroceSenior Research Analyst, European Industry Solutions, Customer Insights & Analysis, Radoslav DragovSenior Research Analyst, European Customer Insights & Analysis, European Blockchain
This IDC Market Perspective discusses blockchain platform-as-a-service solutions. The development and support of modern software applications can be very complex. Companies have to regularly update their apps to address security issues and improve features to meet customer demand. Maintaining and upgrading the platform for the app (i.e., operating systems, servers, networks, and so on) as well increases complexity.
There are similar difficulties in the blockchain space. BPaaS solutions can help in this regard, as they enable companies to build and develop blockchain-based applications by accessing a blockchain provider's services.
BPaaS has gained significant traction in recent years among established global players, as it enables customers to focus more on core business functionalities and strategies while relying on their PaaS partners to manage the blockchain infrastructure and performance.
"Blockchain platform as a service may be the catalyst for widespread adoption of blockchain technology. It makes blockchain adoption easier as it enables a third party to install and maintain blockchain networks," said Carla La Croce, senior research analyst, European Blockchain Practice. "BPaaS has generated great interest, driving major cloud providers to expand their cloud offerings."