News

Chinese Company Announces New Blockchain-as-a-Service for SMB Developers

• By Becky Nagel
• April 30, 2019

This week Shanghai, China-based VeChain announced ToolChain, a new blockchain-as-a-service (BaaS) offering for developers in a small- to medium-sized business environment.

"VeChain ToolChain provides a variety of general interfaces to essentially eliminate the high technical threshold and substantially lower the costs for SMEs or even individuals in blockchain integration," the company said in its announcement of the product. "Unlike [other] BaaS products on the market, ToolChain also includes a vertical blockchain application focusing on product life cycle management, which can be used as a SaaS solution or customized as a turnkey package."

ToolChain will be offered in three versions: Standard, which comes with the standard application modules and tools, and can also work with IoT devices; Developer, which adds the development capability for lifecycle management, as well as API interfaces and not-yet-defined developer kits; and Channel Partner, which will be customized for resale by VeChain channel partners.

An official release date for the product has yet to be announced, although, according to the company, it is currently being used by several partners, and a free trial can be applied for by e-mailing [email protected].

More information on the product can be found in the official press release here. More information on VeChain can be found here.