BaaS, or Blockchain as a Service, refers to a service model where companies offer blockchain technology solutions to businesses. This platform allows organizations to develop, host, and use their own blockchain apps while managing the infrastructure.

BaaS platforms provide the necessary tools and resources to facilitate the creation and deployment of blockchain applications. This can include smart contracts, decentralized applications, and security features. By using a BaaS platform, businesses can avoid the complexities and high costs of building their own blockchain infrastructure.

The advantages of BaaS include scalability, reduced time to market, and easier integration with existing systems. Companies can focus on their core operations without worrying about maintaining the technical aspects of blockchain technology.

Overall, BaaS platforms democratize access to blockchain solutions, allowing both large enterprises and small startups to leverage the benefits of this technology without significant investment in infrastructure or expertise.