How will it work?

We host the node, you manage everything else. As we teased this product, we stated that it would involve the ChainLink Node Operator GUI:

Node GUI — Job Run Detail

As a NaaS customer, since you will be given your very own Node that runs on our infrastructure, you’ll have sole and complete access to your GUI and API. This means you’ll be able to log-in, see what data your node is providing, check your Ethereum/LINK balances and what adaptors you’re offering.

Like mentioned, this allows you to focus on the data you’re offering and your identity without managing the infrastructure behind it. You can be assured that your node will be updated, you’re using our high-availability Ethereum cluster and there’s backups with disaster recovery in-place. This results in giving your node a constant uptime, providing a higher reputation and a higher probability of facilitating more data requests.

Cost/Fees

NaaS a service will not work in the same way as staking, as we will not be taking % cuts of the LINK earned in node operation. Instead, this will be a subscription service, facilitated by Smart Contracts.

The payment for this subscription will be the LINK token, and we’ll be looking at using ERC948 when finalised, or something very similar to for the subscription contract.

If you wanted to use our NaaS product, you will simply deposit LINK into this subscription contract and once the transaction has been confirmed, a node will automatically be created in our infrastructure for you to use and manage.

We are not announcing a price today for this service, that will come at a later date.

Token Security

One question you may ask is, if your node is located within our infrastructure, wouldn’t we have access to your staked tokens? Simply put, no. Since the tokens staked within the network will be held within ChainLink contracts, you can transfer the ownership of these tokens away from the node to your own address, including hardware wallets. In practise, this means that your node doesn’t have the ownership to be able to withdraw tokens to its own wallet, only the wallet that is in your control.

Adaptors and Data Sources

With NaaS, you will also have the option in paying extra to gain access to our external adaptors and data sources. This extra part of the subscription will give you full access to any premium subscription based API’s with their adaptors that we offer to the network, for you to add to your own node.