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Well, it’s 2022, and a lot has changed. Public clouds like AWS, Azure and more offer BaaS (blockchain-as-a-service). Even enterprise software giants like Oracle, IBM and Microsoft have jumped on the bandwagon.

Why? Because they’ve all realized that blockchain is much more than just Bitcoin (BTC). In fact, it’s become the new standard for how businesses deal with trust, transparency and security.

The global BaaS market size was valued at $1.9 billion in 2019 and is forecasted to reach $24.9 billion by 2027. This growth is attributed to the benefits BaaS provides, such as cost-effectiveness, time-saving and improved security.

So, what is BaaS? It’s a cloud-based service that allows businesses to build, host and use their own blockchain applications without having to worry about the infrastructure. This means that businesses can focus on their core competencies and leave the heavy lifting to the BaaS providers.

Moreover, to help you succeed in your business, a blockchain app development company can serve as your go-to-solution. There are many benefits to using BaaS, so without further ado, let’s dive in.

Benefits of BaaS for enterprises

With businesses increasingly looking for ways to cut costs and save time, BaaS has become an attractive option. Here are some of the benefits that businesses can enjoy by using BaaS.

Enhanced automation

As businesses are in a state of constant change, they need to be able to rapidly…