The more accessible, the blockchain technology is, the higher will be the applications of blockchain technology. Vechain (VET) has taken a step in the right direction. It is planning on providing Vechain (VET) blockchain as a service. If indeed, it is able to provide blockchain as a service, the usage of its blockchain can increase multifold. This is because it will be more easy to use.
Vechain (VET) takes a step towards making blockchain more accessible:
BIOS already has quite a few clients across different verticals like healthcare, petrochemical, finance, and energy. That is why; it will also get access to the client base of BIOS. This ensures that Vechain (VET) will be able to easily grow the usage of their blockchain. Moreover, with the experience of the cloud hosting provider, it will be able to grow the usage of the blockchain exponentially. Moreover, it will add more credibility to Vechain (VET).
If the concept of blockchain as a service, gains impetus, many of the other cryptocurrencies might offer the same as well. Up until now, hardly any of the cryptocurrencies or developers have adopted this concept. However, with the advent of cloud computing, there are numerous developers who have offered software as a service. The business model has been quite successful as well. That is why; chances are blockchain as a service will be equally successful if not more.
The reason for this is that blockchain is highly versatile. Moreover, in most of the cases, blockchain is accessible as well. Thus, once enterprises, as well as developers, gain access to blockchain as a service, they will be able to easily develop the applications as well as the software which they want on the blockchain. This will provide them with transparency as well as security. At the same point in time, they will be able to use the blockchain exactly as per their requirement which will ensure that they are able to use it for a wide variety of applications without any problem at all. It remains to be seen how much traction Vechain (VET) is able to gain from this new development.