top of page

How APIs Quietly Changed the World While Blockchain Struggles to Deliver

Author: Thrasos Thrasyvoulou. Published: March 1st 2023



As I sit and explore an integration project for a customer, I cannot help but reflect on the profound impact APIs have had on our daily lives. APIs, or Application Programming Interfaces, have become the backbone of modern systems, connecting disparate IT ecosystems and enabling seamless interactions between them. From booking vacations and paying for coffee using our cellphones to accessing healthcare services, APIs are ubiquitous in our daily lives.


As a technology enthusiast with years of experience introducing blockchain to the market, I cannot help but make a comparison between APIs and blockchain. While APIs have silently changed the world, blockchain has come with a lot of noise and – in my opinion - delivered very little beyond cryptocurrencies.


Blockchain, with its potential to decentralize trust and transform various industries, has been touted as the next big thing since the advent of the internet. However, in practical terms, blockchain has yet to deliver significant benefits beyond cryptocurrencies. As a pragmatist, I believe that blockchain's value as a many-to-many integration tool is limited without intermediaries or strong facilitators. This opinion may be anathema to blockchain fanatics, but it is based on my personal experience and observations.


In contrast, APIs have been silently transforming our world. They have empowered developers to design modern systems and businesses to seamlessly integrate their products and services with other platforms. APIs have enabled companies to create innovative products, improve customer experiences, and drive revenue growth.


APIs have also facilitated the growth of digital ecosystems, where multiple players can collaborate and share data to create new value propositions. For example, ride-hailing services such as Uber and Lyft rely heavily on APIs to connect riders and drivers, integrate with mapping services, and process payments seamlessly.


The power of APIs lies in their simplicity and universality. APIs provide a standard way of accessing data and services, regardless of the underlying technologies or platforms. This universality has enabled APIs to become the de facto standard for modern systems, powering everything from e-commerce and social media to IoT and cloud computing.


In conclusion, while blockchain has captured the imagination of many, it is APIs that have quietly changed the world. APIs have enabled seamless interactions between disparate systems, facilitated innovation, and created new business models. While blockchain may have potential, APIs have already delivered practical benefits and transformed our daily lives.


Finally, I look forward to seeing what AI can do now that it has unleashed its potential out to the world.


----

Disclaimer #1: Comparing apples and oranges? Don't think so! I am comparing the impact technologies have on real life scenarios in our indusry.


Disclaimer #2: Original content created by VFTee, with editing and expansion done using AI language model ChatGPT. While ChatGPT assisted in the content creation process, the thoughts and opinions expressed in this article are solely those of the author(s). We probed the system and the content reflects our own research, ideas, opinions and insights, and we take full responsibility for its accuracy and completeness. ChatGPT was simply a tool we used to enhance our writing, and we retained full control over the content and editing process.



Kommentare


bottom of page