Blockchain as a Service

Chapter 6. BaaS Use Cases

Successful SaaS with blockchain often involves a BaaS under the covers for managing the blockchain features. BaaS helps projects scale quickly, going from limited prototypes to full-scale production systems. In a successful, growing blockchain network that tracks an increasing number of assets, the ability to scale is critical. In this chapter, we’ll see how this is being done by examining a selection of BaaS use cases.

BaaS in Action

The five use cases presented in this chapter demonstrate how business-as-usual is changing in diamond trading, international shipping, onboarding of suppliers, verification of identification, and video game distribution. To help with analyzing these cases, I’ve identified the participants, assets, and transactions involved in each (as explained in Chapter 3). I hope these great ideas inspire you!

Diamond Trading: Everledger

Leanne Kemp, a veteran supply-chain professional specializing in jewelry, diamonds, and insurance claims, had an idea in 2015 for a new way to finance and insure diamonds—if diamond identification and transaction verification were available via an immutable ledger, fraud and theft would be exposed. Everledger, now one of the oldest and most respected blockchain networks, was born from that idea.

Designed to combat fraud in the diamond industry and reduce the losses stemming from fraudulent insurance claims, Everledger helps expose the sale of stolen diamonds and assist with their recovery. Cross-border ...