Blockchain-as-a-Service, or BaaS, is a managed blockchain platform allowing buyers to build blockchain applications and digital services on a distributed network while the vendor supplies infrastructure and blockchain building tools. As blockchain application development continues to expand to uses beyond.

The BaaS platform provider, mintBlue, has secured €2 million in a round led by Two Hop Ventures, with additional support from a Dutch angel investor and Ayre Ventures.

A common problem with technologies built on the blockchain is custody. Any business that wants to leverage blockchain technology and lacks the skill to do so in house can benefit from a blockchain-as-a-service platform. Even larger businesses should consider what their expenditure on blockchain management is and if it would be more effective to use a blockchain-as-a-service provider.

This non-custodial platform enables end users control their data and have no lock-in issues. The software supports a commercial level scale that allows for monetisation opportunities down to a thousandth of a cent.

Interest development for mintBlue, as this platform allows a growing list of companies to focus on their core operations without the need to devote time and resources to understanding complex blockchain infrastructure. Today the company offers products NFT invoicing, data integrity and document verification – at mintblue.com.

mintBlue was recently selected by VISMA | yuki, a leading European cloud accounting solutions provider, to integrate blockchain-based functionalities into its bookkeeping. mintBlue has already handled over 700,000 NFT invoices for VISMA | yuki at an extremely low cost per invoice, improving efficiency while eliminating vectors for financial malpractice.

Any business that wants to leverage blockchain technology and lacks the skill to do so in house can benefit from a blockchain-as-a-service platform. Even larger businesses should consider what their expenditure on blockchain management is and if it would be more effective to use a blockchain-as-a-service provider.