What is BaaS? How does Blockchain-as-a-service (BaaS) Work

Explaining Blockchain-as-a-service (BaaS) & AWS (Amazon Web Services) Blockchain

A Blockchain here in the purest form by definition is a database or a ledger of all the transactions continuously growing list of data. Born from bitcoin in 2008, blockchain’s promise of a distributed ledger has far more significant implications than cryptocurrency. However, by Bitcoin, many are reminded of the WannaCry ransomware attack that happened back in May 2017. So, Is there any interdependence between those two, or are they two separate entities.

The blockchain is a public electronic ledger. Primarily a database, which stores an unalterable record of transactions between users, each one time-stamped and linked to the former one so it cannot be altered or replicated. Each digital document or transaction in it is called a block, and the string of blocks is a chain, hence the name.

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