Chain to Sunset Bitcoin API to Focus On Capital Markets Blockchain Technology

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According to a recent mail to clients, Chain’s Bitcoin API service will be sunsetting on December 31, 2015.

“As most of you know, over the last year Chain’s focus has shifted to enabling financial institutions to issue and manage digital assets on blockchain networks. As we move into 2016, we will be folding our bitcoin capabilities into this enterprise platform. We will no longer support free projects on the bitcoin network.”

token_dave from Reddit notes

“Friends of Chain, We’re going to start charging banks for the same thing we were giving away for free. Because it’s blockchain tech.”

lclc_ added: 

IMO very unprofessional to shutdown the service on such a short notice. People who build apps on top of chain now need to spend their December porting their code to an alternative instead of spending time with their family or working on the other things that were actually on their roadmap.
I’m not effected, but at least now I know I wouldn’t use any service of that company for the future.

etherscan wrapped up general feeling with

The timing of the shutdown could have been better. Spending Xmas and the holidays porting over would not be fun.

Having whined a bit, the fact is Chain is willing and ready to give a hand:

Our first priority is ensuring your applications continue running uninterrupted. If you would like technical assistance to migrate your bitcoin app to another vendor’s free or low-cost bitcoin API service, our CTO is available to support you and ensure your application has a seamless transition. We have helped many projects do this already.

 

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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