Blockcypher Rolls Out API For Issuance And Handling Of Assets On The Blockchain

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At a recent event last week – Money 20/20 – BlockCypher announced the availability of their Assets API, which enables the issuance and handling of any asset on the blockchain.

With one simple API call, an organization can now issue any asset as custom digital tokens (colored coins) and transfer them securely using the blockchain. “Colored coins” is a term that describes a class of methods for representing and managing real-world assets on the blockchain.

BlockCypher’s Assets API implements the Open Asset protocol, the same one that NASDAQ is using for their Private Market Platform where private shares are issued via colored coins.

“Blockchain technology will transform how we transfer value over the Internet,” says Catheryne Nicholson, BlockCypher CEO and Co-founder. “This Assets API, similar to our other APIs, makes it easy to utilize blockchain technology without having to run it yourself. We save companies time, money, and a lot of headaches.”

Prior to this release, using assets on the blockchain required a significant amount of code to track the entire history of the asset and to build complex transactions. BlockCypher’s Assets API simplifies it down to one API call.

“Assets on the blockchain should be integrated into every institution’s offerings,” says Tim Draper. “BlockCypher’s latest Assets API makes it incredibly easy to do so. Financial institutions: take notice.”

BlockCypher’s Assets API deepens the company’s offering of highly differentiated web services, which include a Confidence Factor to process transactions quickly, Microtransaction API for on-blockchain micropayments, and a Data Endpoint to record documents on the blockchain. Information about the Assets API and all of BlockCypher’s web services are detailed in their documentation.

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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