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.

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“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.

 

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  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 in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

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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