BAAS stands for Blockchain as a Service. This model offers businesses a cloud-based platform to develop and manage blockchain applications without the complexities of maintaining their own infrastructure. BAAS providers include major cloud service vendors who offer access to blockchain networks and tools for creating smart contracts, managing digital assets, and implementing secure transactions. By utilizing BAAS, companies can leverage the benefits of blockchain technology—such as transparency and security—while focusing on developing their applications, enhancing operational efficiency and reducing initial costs.