Share this article
BTC
$79,707.84
-
4.00%ETH
$1,625.11
-
9.02%USDT
$0.9996
-
0.03%XRP
$1.9962
-
5.88%BNB
$558.82
-
5.50%USDC
$1.0001
-
0.02%SOL
$108.14
-
8.87%DOGE
$0.1525
-
8.85%TRX
$0.2335
-
1.77%ADA
$0.5888
-
8.80%LEO
$8.8804
-
2.16%LINK
$11.60
-
8.22%TON
$3.0479
-
6.30%XLM
$0.2407
-
3.47%AVAX
$16.40
-
8.09%SHIB
$0.0₄1147
-
6.63%SUI
$1.9412
-
11.20%HBAR
$0.1441
-
10.47%OM
$5.9820
-
4.47%LTC
$72.96
-
11.19%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Band Protocol Becomes First Blockchain Project to Join OpenAPI Initiative
Band Protocol will help create a common standard enabling blockchain applications to easily leverage APIs and data.
Band Protocol has become first blockchain firm to join the OpenAPI Initiative alongside big names such as Google, eBay, IBM and Microsoft.
STORY CONTINUES BELOW
- Band Protocol announced Monday it will help the project create a common API standard enabling blockchain applications to easily leverage APIs (application programming interfaces) and data.
- An API is a software intermediary allowing applications to access data and, in effect, talk to each other.
- Various industries are now recognizing the need to connect blockchain applications to common APIs, according to Band Protocol.
- The potential benefits of the work are said to include new revenue streams for tech firms who can sell their data and price feeds to smart contracts, better data security (and thus less hacks), and creating decentralized apps that can interact with centralized technologies.
- “Our mission is to define a common API standard for blockchain applications by collaborating with prestigious partners to bridge the gap between centralized data, APIs, and smart contracts on the blockchain,” said Soravis Srinawakoon, CEO of Band Protocol.
- OpenAPI, a non-profit foundation hosted by the Linux Foundation, confirmed to CoinDesk that Band Protocol is the first blockchain project to become a member.
Also read:Multicoin, Intel Capital Invest $3.5 Million in Startup Demystifying Blockchain Data
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
