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.

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Founder of Blockchain News and The Hackitarians Foundation, Richard Kastelein is an award winning publisher and editor, hackathon organiser and entrepreneur. He has written over 700 articles at Blockchain News, has a massive network in the Blockchain arena and is available as a speaker and consultant. (richard@the-blockchain.com) Kastelein has spoken (keynotes & panels) on technology at events in Amsterdam, Barcelona, Belfast, Berlin, Brussels, Brighton, Copenhagen, Cannes, Cologne, Curacao, Frankfurt, Gdansk, Hollywood, Hilversum, Geneva, Groningen, London, Las Vegas, Leipzig, Madrid, Melbourne, NYC, Oxford, Rio de Janeiro, Sheffield, San Francisco, San Jose, Sydney, Tallinn, Vienna, and Zurich. A Creative Technologist & Canadian (Dutch/Irish/English/Métis) his career began in the Native Press (Canadian Arctic) and he later spent a decade in the Caribbean media. Currently, he writes occasionally for Wired Insights, Guardian & Virgin and his articles have been translated into Dutch, Greek, Polish, German & French.