Blockchain-as-a-Service Downsizing: A Sign of Market Failure or Maturity?

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By Michela Menting | 2Q 2021 | IN-6173


BaaS Players Announce Big Changes


The two top Blockchain-as-a-Service (BaaS) leaders in the market have made some significant internal changes to their blockchain services in the past months. The first was IBM, which effectively merged its (private) Cloud Blockchain Service and the (public) Hyperledger Fabric team with the IBM Sterling Supply Chain Service (which is home to the IBM Food Trust project). The other announcement was from Microsoft, which has stated it will be discontinuing its Azure Blockchain Service in September 2021.

Separating the Wheat from the Chaff


There have been all sorts of speculation and discussions as to the impact of such changes. Some initial public reports stated that IBM had downsized the team during the merge, but this appeared to be only partially true. While some of the management and marketing jobs might have been cut, the development teams appear to have remained intact. There can be any number of reasons for this, some possibly attributable to the merger (redundant staff) and others to company-wide job cut policies, rather …

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