What is Node-as-a-Service?
Node-as-a-Service (NaaS) enables firms to connect to blockchain networks and host Web3 applications through their own nodes without the costly overhead of managing physical servers and software configurations.
Firms within and outside of the Web3 space are increasingly exploring their options with SOC 2 Type 2 Certified NaaS providers, such as BCW, when it comes to running blockchain nodes, as evidenced by the growing number of customers and service providers.
BCW Technologies (BCWT) delivers tailored NaaS for Google Cloud, covering everything from cloud infrastructure bootstrapping and node promotion to ongoing maintenance and RPC management.
NaaS plays a crucial role in driving the adoption of Web3 applications by making blockchain technology more accessible, especially for enterprises that may be entering the industry. By eliminating the need for complex node management, NaaS lowers the barrier to entry for developers and businesses.
NaaS also facilitates the growth of decentralized finance (DeFi) by providing the necessary infrastructure for decentralized exchanges (DEXes), lending platforms, and other decentralized applications (dApps). This is contributing to the rapid expansion of the DeFi landscape and the increasing adoption of decentralized financial services.
NaaS vs In-House Node Operations
In most cases, running the most sought-after validator nodes requires expensive hardware and 100% uptime, a facility to house said hardware, and expert staff who know how to maintain the hardware and the software related to the network.
NaaS providers ease that friction by providing firms with the various benefits of running nodes depending on the type while freeing up internal resources.
Benefits of Using NaaS with BCW
BCW NaaS clients find that their node operation and infrastructure costs are optimized, system security is enhanced, their global availability is increased, and their access to our skilled team can provide optimisations across their systems.
In the node setup process as part of our white-label node services, we provide seamless cloud infrastructure setup, including Virtual Machines, Kubernetes, Firewall, VPC, and KMS. We also handle blockchain client installation and promote nodes to a fully functional validator for optimal performance.
BCW provides node management & maintenance for clients on a regular schedule through real-time status checks and proactive incident response to ensure continuous node performance and security. Our team monitors client nodes’ health 24/7, applies necessary updates, and swiftly addresses any issues to minimize downtime and ensure reliability.
Additionally, BCW offers staking and treasury management solutions for large institutions, banks, custodians, and Web3 foundations. We can assist in setting up each client’s desired staking and treasury management solutions backed up with compliance services to conform with organizational needs.
NodeOps and Network Security with BCW
BCW is an active player in the Web3 space as an independent node operator and as an experienced NaaS provider using Google Cloud. We operate a wide range of nodes across 60+ networks with a focus on high uptime, security, and enterprise-grade solutions.
We provide comprehensive node services for the following node types:
- Full Nodes
- Oracle Nodes
- Validator Nodes
- Relayers
Our expertise with node operations and network security is evidenced by the work we’ve done with many leading firms across Web2 and Web3 including Vanar Chain, Polygon, Worldpay, and others. Each firm is an exemplar in blockchain construction, network operations, and payments respectively. Achieving SOC 2 [Type 2] certification demonstrates that BCW Group has implemented robust controls and practices to meet the Trust Services Criteria for security, availability, and confidentiality. Our security measures include regular vulnerability assessments, intrusion detection systems, and multi-factor authentication protocols to ensure the highest level of protection for your nodes
Use Cases
BCW works with one of the largest non-bank merchant acquirers in the world, handling over 50 billion transactions each year in over a hundred different currencies worldwide. It also runs nodes on several blockchain networks to handle cryptocurrency transactions.
With our NaaS, BCW has been instrumental in setting up and/or operating this company’s blockchain nodes on Hedera, Cronos POS, Haven1, and Vanar Chain.
Other major firms in the Web2 payments space are making headways into Web3 by running their nodes with BCW, as well. By running blockchain nodes, these firms are bridging traditional finance to blockchains in an effort to both enhance their service offerings for institutional clients, and highlight the many advantages of Web3 technology.
More specifically, BCW enables these firms to provide much faster, cheaper, and more operationally efficient fiat-to-crypto solutions.
Conclusion
BCW Technologies (BCWT) offers customized Node-as-a-Service solutions specifically designed for Google Cloud.
These solutions encompass a comprehensive range of services, from the initial setup of cloud infrastructure and the promotion of nodes to their ongoing maintenance and the management of Remote Procedure Calls (RPCs).
We are able to do this by operating nodes across 60+ networks with a focus on high uptime, security, and enterprise-grade solutions, as well as our experience as a Google Cloud premier partner with multiple specialisations in security, infrastructure, and generative AI.
Find out more about all we have to offer enterprises and Web3 firms at bcw.group.
