Blockchain-As-A-Service to Secure your Datasource

Blockchain-as-a-Service (BaaS)

Blockchain for business uses a shared and immutable ledger that members can only access with permission. The members inside the blockchain network can control the information shared between organizations or members within the network. With blockchain, members of the network do not require to trust the other member or organization, this is because blockchain is a “trustless” network, with the mechanism of blockchain people can exchange information without trust-based.

Blockchain-as-a-Service is using blockchain technology with cloud-based networks to help enterprises create their blockchain applications. In tradition, blockchain requires organizations to have the ability to build and maintain their blockchain network, and even develop their own cryptocurrency and consensus. With BaaS, enterprises could focus on building their blockchain application and the cloud platform will handle all the things behind the blockchain.

Why Blockchain?

With blockchain, we could enhance data security and integrity. Blockchain provides a transparent ledger to record your data. Blockchain is developed base on an encryption method called Cipher Block Chaining (CBC).

By using the blockchain system to store data for your business operation, it could be cost-saving, fast, efficient, and automated. It will also reduce the time for doing paperwork recording ledger for third parties or middlemen to verify every transaction, which leads to it chain could be auditable for the enterprises.

BaaS on Azure

Azure provides different cloud native services to let you build your own blockchain application on ConsenSys Quorum Blockchain Service, Azure Confidential Ledger and even on the database it has on Azure SQL Database ledger.

Quorum Blockchain Service

It is a fully managed ledger service that gives enterprises the ability to grow and operate blockchain networks at scale. Enterprises could use the self-own blockchain to save ledger with the benefit of cost-saving, mitigate risks, increase speed-to-market, quick to consortium and easy deployment.

Azure Confidential Ledger

It is a ledger database to ensure your sensitive data records remain intact over time. It runs on a minimalistic trusted computing base (TCB) that let you keep cloud providers, service administrators, datacenter technicians out of the data source to protect your data integrity.

Azure SQL Database Ledger

It provides tamper-evidence capabilities in your database to store your data in a cryptographic method. Information plans to share with third parties, auditors or your business parties could access through the database ledger.

What’s next?

In the next chapter, we will share some use cases using Azure Blockchain services to empower their business operation.

If you have any questions or would like to schedule a consultation with our expert team, please feel free to contact us at enquiry@soshk.com or call us at 3525 1828  

Thank you for reading and see you in the next blog!  

Chris Wan, Application Architect, SOS Group Limited  

Created on June 1, 2022