After this health crisis and election season — the future in blockchain data management is APIs
When we get past the immediate terror over this public health crisis, and past the election, we’ll start to look again at what will advance us. Where will innovation appear?
In the blockchain space, a lot of innovation will occur around APIs, and as one of the few companies spearheading this development, Aeryus wants you to understand the need.
API stands for “application programming interface,” and to explain their functionality, let’s turn back the clock to when newspaper offices were in giant rooms, with reporters barking on telephones, and typewriters clacking constantly. Every so often, someone would yell out “Copy,” and the Copy Boy would race to the reporter’s desk, grab the story from his hands, and run it to the editor.
But the Copy Boy could be asked to do so much more. He might take the elevator down to the lobby, find out if the coffee cart had any bear claws, and bring one back. He might pencil in corrections to your grammar or spelling on the way to the editor’s desk. Or he might run interference with the mobster you wrote about, telling him “he left,” “he’s sick,” “he died.”
The Copy Boy is an API, and APIs do all those things.
When you ask Alexa for a definition, she doesn’t walk over to shelf and pull out a dictionary. She uses APIs provided by Wikipedia. Just the fact that what is essentially a speaker is able to perform other tasks is an example of APIs at work, because of the extended capability.
When my Copy Boy gets me a pastry, he’s performing another typical API task by knowing what I like and getting it for me, without my having to see what’s available and make a decision — he’s removing complexity from my life. Another example would be the apps I use that make use of WiFi. Every single app doesn’t need to engineer WiFi. APIs allow them to use the WiFi built into my phone.
And when my Copy Boy protects me from an irate reader who wants to do me harm, he’s showing how he acts as a gatekeeper. You encounter this when your phone asks you if Google or Facebook or whatever is allowed to grant access to your personal information to authenticate you.
APIs make short work of everything
APIs are essential to any connectivity that uses data, devices, and applications. They are examples of how we use shortcuts in information technology. And as more and more blockchain projects become viable APIs will speed the flow of information — or guard it from disclosure — in any system employed.
As a company that has pioneered the ability to work across all blockchain and make them interoperable, Aeryus is already serving as the Copy Boy in building digital wallets, creating smart contracts in the medical field, and developing smart payment systems to make transfers borderless. We have the capability to build Know Your Customer (KYC) and Anti-Money Laundering (AML) gatekeepers into any transactional system to make them compliant with banking regulations, which will become more and more important as nations explore opportunities to put fiat on the blockchain. (More on that in another column.)
Currently there is very little focus on what APIs can do in the blockchain world. Mostly they exist around things like giving a vendor the ability to receive Bitcoin, or in my having access to the current exchange rate for Bitcoin on my vendor site. But as we begin to see greater use of blockchains for things like resolving property disputes, managing health data globally, responding in real time to disasters, and transferring funds across borders — Aeryus will have an API for that.
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