Cost of Self-Hosted Blockchains vs Cost of BaaS Offering
Cost models for BaaS vary depending on several factors, but at any rate, a Blockchain application hosted on premises is far costlier than BaaS. In the former model, the Total Cost of Ownership (TCO) for a Blockchain application is significantly high due to the start-up costs (personnel, infrastructure, hardware, software, licensing, consulting and so on), operational costs (management, monitoring, bandwidth expenses, cost per transaction and so on), and retirement costs (expenses related to archiving, decommissioning of server racks and so on).
The cost for developing and implementing a single Blockchain smart contract under this model can run up to several hundred thousand dollars.
On the other hand, a Blockchain application hosted as part of a Blockchain as a service offering can be purchased per allocated CPU hour.
Nonetheless, the actual costs in this model depend on additional factors such as, but not limited to, transaction rate, the number of channels used, the payload size on the transactions, the maximum number of concurrent transactions, network membership, peer nodes, peer node storage, data written to the network, and data transfer.
Using a Blockchain as a Service model, customers can focus on their core businesses and competition strategies while counting on the COTRUGLI BaaS to handle the Blockchain infrastructure and its performance. Eventually, it empowers them to execute distributed-ledger workloads in environments that demand an impeccable degree of fault tolerance..
Price list
COTRUGLI Baas offers a tiered pricing model for its Blockchain service. Each tier has an hourly rate based on provisioned transaction and validator nodes and provisioned storage in GB per month for a member.
Developmentnetwork
Environment for testing and developing proof of concepts
- Examples You require small test network to develop your PoC blockchain application. Loads will be small, and availability is not of utmost importance. You however do use medium amount of storage, around 10 GB. You will use network with 4 masternodes.
Medium volume production
High availability production environment for loads of up to 5,000 TPS
- Examples Network for medium loads, 7 masternodes, constant uptime. Read loads are much higher than write loads, so 3 validator nodes are included. Uses medium amount of reserved storage, 100GB.
High volumeproduction
High availability production environment for loads of up to 10,000 TPS
- Examples Network for medium loads, 7 masternodes, constant uptime. Read loads are much higher than write loads, so 3 validator nodes are included. Uses medium amount of reserved storage, 100GB.
Enterprise dedicated HashNET network
Custom network setup with reserved physical servers. For loads with peaks larger than 50,000 TPS
- Examples You require large scale network, dedicated only for your application, with peaks going to more than 50,000 TPS. You will have 7 masternodes to participate in consensus, and 2 regular nodes that will serve for querying and sending/verifying transactions. Support is critical, and it’s important that availability is > 99.9% and that critical problems are resolved in 24h. Network has pre-reserved 1000 GB of storage.
The cost involved in COTRUGLI BaaS offerings primarily depends on the units of service consumed. Additional costs for consultation, solution development and any other support services will have to be taken into account based on service contract agreement.
Support at every stage of your blockchain journey
Blockchain technology unlocks huge potential for organizations – cost savings, faster dealings and streamlined processes. However, there is no ‘one–size–fits–all’ approach for deployment. We are confident in our ability to support your end–to–end blockchain journey.
To make your business processes more robust, efficient, and secure with the Blockchain, contact our experts and they will assist you through the entire process.
Contact us
COTRUGLI Blockchain as a Service Project is co-financed by the European Union from the European Regional Development Fund.