“A Survey on Public Blockchain API Economy” – A. De Meo, D. Malacrida, C. De Santis, 2018

BY KEYHUNTER 10.04.2024
“A Survey on Public Blockchain API Economy” – A. De Meo, D. Malacrida, C. De Santis, 2018

The article “An Overview of the Economics of Public Blockchain APIs” was written by A. De Meo, D. Malacrida and C. De Santis in 2018. The article examines the economics of public blockchain APIs, including analysis of the market, technologies used, and monetization models.

The authors point out that the economics of public blockchain APIs are at an early stage of development, but are already showing significant potential. They define public blockchain APIs as interfaces that provide access to blockchain functionality for the development of decentralized applications (dApps).

The article analyzed more than 50 public blockchain APIs, including Bitcoin, Ethereum, EOS and others. The authors note that the most popular technologies for developing public blockchain APIs are JSON-RPC and REST.

One of the key aspects of the economics of public blockchain APIs is monetization. The authors identify four main monetization models:

  1. Paid Subscription: The API is available for a fixed monthly fee.
  2. Pay-as-you-go: You are charged per API request.
  3. Freemium: Free request limit per month, after which you will be charged.
  4. No monetization: API is provided free of charge.

The authors note that the freemium model is the most popular, used by approximately half of the public blockchain APIs analyzed.

The article also discusses the challenges faced by developers of public blockchain APIs, such as scalability, security, and competition. The authors point out that for the successful development of the economy of public blockchain APIs, these problems must be solved.

Blockchain is a decentralized and distributed technology that allows for the creation of immutable records of transactions without the need for trusted intermediaries. Public blockchains such as Bitcoin and Ethereum are open to participation by any user and ensure transparency and security of transactions.

The authors of the article note the growing importance of APIs in the public blockchain ecosystem. APIs serve as a link between the blockchain and external applications, allowing developers to create innovative services and products based on blockchain technologies.

The article examines various aspects of blockchain API economics, including business models, pricing, governance, and security. The authors highlight the potential of API monetization as a way to stimulate the development of the blockchain ecosystem and attract developers.

One of the key issues highlighted in the article is the need to create standards and best practices for blockchain APIs. This will help ensure interoperability, security, and efficiency when developing blockchain-based applications.

The authors also discuss potential use cases for blockchain APIs in various industries such as finance, healthcare, supply chain, and identity management. Blockchain integration via APIs can lead to increased transparency, efficiency and trust in these areas.

In conclusion, “A Survey on Public Blockchain API Economy” provides a valuable overview of the growing public blockchain API ecosystem and its associated economics. The authors emphasize the importance of developing this area to realize the potential of blockchain technologies and create innovative applications. Further research and development in the area of ​​blockchain APIs will facilitate widespread adoption and integration of blockchain across various industries. The authors conclude that the economy of public blockchain APIs is a fast-growing sector that can play a significant role in the development of decentralized applications and technologies. They encourage researchers and practitioners to pay more attention to this area to better understand its potential and challenges.

Useful information for enthusiasts:

Contact me via Telegram: @ExploitDarlenePRO