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Thursday, October 21, 2021
Home News Blockcypher Rolls Out API For Issuance And Handling Of Assets On The...

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

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.

Richard Kasteleinhttps://www.the-blockchain.com
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, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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