Sequoia-backed immoral-chain knowledge oracle Band Protocol, has joined the OpenAPI Initiative as the predominant blockchain firm alongside Google, eBay and Microsoft, to set apart blockchain purposes to total Application Programming Interfaces (API) and streamline the synthetic of data between pleasant contracts and off-chain knowledge sources.
“Our mission is to define a total API odd for blockchain purposes by participating with prestigious partners to bridge the gap between centralized knowledge, APIs, and pleasant contracts on the blockchain,” stated Soravis Srinawakoon, CEO and Co-Founder of Band Protocol.
An API is a system intermediary that makes it that that you simply must well well perhaps also have confidence for 2 purposes to half data with out relate and successfully to enhance accessibility and particular person experience.
By growing a total API odd, Band Protocol will allow blockchain purposes to with out relate leverage off-chain APIs and data to greater settle with centralized knowledge sources and the broader technology neighborhood, enabling expansive utilize conditions of pleasant contracts.
That is a wanted step in opposition to growing decentralized purposes and pleasant contracts that are able to reliably and securely work alongside with former centralized technology and APIs and with each a lot of.
“The OpenAPI Initiative standardizes how the synthetic describes and paperwork APIs. We’re cheerful to welcome Band Protocol as the predominant blockchain-basically based mostly fully member to be a half of the initiative,” stated Marsh Gardiner, Advertising and marketing Neighborhood Chair on the OpenAPI Initiative and Product Supervisor at Google Cloud.
The OpenAPI Initiative is a non-profit foundation hosted on the Linux Foundation whose members encompass renowned organizations such as Google, IBM, Bloomberg, Microsoft, SAP, and Oracle, among others.
The initiative works to define total odd APIs to be passe at some level of a lot of industries with Band Protocol turning into the predominant blockchain company to make contributions to the initiative’s collaborative specs.