Connect with us
Apply Now

Diversity & Inclusion

Project APIS: Thinking Outside of the Box for the Future of Blockchain

APIS is led by a team of innovators on a mission to change the future of the internet. With the uptick in popularity of cryptocurrencies, admittedly few people understand the technology behind Ethereum, Bitcoin, or other blockchain-native assets. What the founders of APIS want the world to understand is that access to these has the potential to transform the financial, logistics, and media landscapes as we know them. Decentralization and democratization are two of the largest facets of their long-term vision for change.

That vision is the result of years of relentless research and hard work.

Blockchain applications: a high-pressure engineering situation

The current landscape for developing blockchain technology requires some serious engineering knowledge. Developers have to learn new languages, analyze old and new smart contracts, and maintain nodes and validators for multiple layer-one and layer-two solutions. On top of the steep learning curve, even the smallest mistakes can have extreme ramifications: errors in just one line of code have repeatedly led to exploits of tens of millions of dollars. Only people with in-depth experience and understanding can simplify this process. And that’s exactly what the team behind Project APIS have.

One endpoint = enhanced access

Creating a read-write solution for blockchains has seldom been attempted due to the major barrier of scalability. Project APIS is architecturally decentralized but logically centralized, making it possible for client-side developers to reference common API formatting structures (RESTful and GraphQL endpoints) for reading and writing to public blockchains.


“We make it a one endpoint where any engineer with a little experience can access it without knowing what’s happening behind. We tried to build something higher level and simpler so we can onboard more developers into the blockchain ecosystem. That’s the goal of this project. We started indexing blockchains so people can read and write to them without having to sacrifice months of their time.” – Calvin Pak, Co-Founder and CEO of APIS.

For the APIS to be useful, it must expand the number of builders of blockchain-based complications. After initial product-market testing, the team at APIS pivoted toward a north star: a system where people could build blockchain apps without writing blockchain code.

Related: read the white paper, “A Decentralized, Scalable Read-Write Solution for Blockchains,” co-authored by Calvin Pak and Andrew Bakst.

The future of Blockchain: Providing real world solutions

The benefits of systems like these have long-eluded the average person. The APIS seeks to change this narrative, and to begin a Cambrian explosion of blockchain-based development, asking questions like, 

“What if your business could create its own savings app?”

“What if your business could offer its own spot and derivatives exchange?”

The team is currently hard at work doing demos and testing, tying up all the endpoints that are needed to support the most desired applications, namely those pertaining to decentralized finance (DeFi), non-fungible tokens (NFTs), and data analytics.

For example:

If users want to pre-read the borrow rate of a lending protocol, that endpoint can be provided to them.

If users want to send cryptocurrency to a vault where they can earn interest rates, that endpoint can be provided to them.

They are actively developing solutions based on real-world use cases so they can onboard developers with a purpose. 

No-code for non-technical users

While busy providing real-world solutions for non-specialized engineers and coders, the APIS team has also broadened their scope. Even in the more developed Web 2 market, there is a massive movement towards no-code platforms. Programs like Bubble and Appgyver, which allow users with no coding knowledge to build apps for all form factors, have experienced rapid growth. No-code platforms are projected to grow at over 30% annually over the next decade, reaching a market size of over $100bn by 2030. Already, no-code applications have garnered significant traction from users. There’s a low barrier to entry which unlocks immense possibilities; entrepreneurs globally are taking advantage of it. 

The experts at the APIS are focused on creating no-code solutions for builders globally. For example, they are currently testing the idea of how to build a crypto savings app without writing code, implementing an integration with Bubble. This exploration has led to early-stage development of systems that will eventually allow anyone to create their own APIS gateway, or, put otherwise, their own no-code solution, such as Bubble.

APIS: at the forefront of a revolution

The APIS serves two groups of people:

  1. For developers who lack experience with blockchain but want to build apps – they provide a suite of APIs.
  2. For entrepreneurs who are interested but find it expensive and difficult to find developers – they can build their initial products on a no-code platform.

Web 2.0 has harbored an information liberation. It is easier than ever to uncover knowledge. This alone has revolutionized and empowered an entire generation. One of the few arenas that remains centralized is digital middlemen, from financial institutions to media aggregators to logistics oligopolies.

Against that reality, the blockchain technology solutions put forth by the group at APIS could literally change the world. These solutions could render the end of centralized bookkeeping, instead leading to a decentralized world where products are delivered to consumers without extractive middleman fees. To boot: the monopolization of this sphere by big banks and global internet institutions could, one day, be in the rearview mirror.

The change-making projects the team at APIS is working on are just the beginning of something big. And it’s safe to say this company will be a major part of what happens next.


Continue Reading

Copyright © 2022 Disrupt ™ Magazine is a Minority Owned Privately Held Company - Disrupt ™ was founder by Puerto Rican serial entrepreneur and philanthropist Tony Delgado who is on a mission to transform Latin America using the power of education and entrepreneurship.

Disrupt ™ Magazine
151 Calle San Francisco
Suite 200
San Juan, Puerto Rico, 00901

Opinions expressed by Disrupt Contributors are their own. Disrupt Magazine invites voices from many diverse walks of life to share their perspectives on our contributor platform. We are big believers in freedom of speech and while we do enforce our community guidelines, we do not actively censor stories on our platform because we want to give our contributors the freedom to express their opinions. Articles are not commissioned by our editorial team, and opinions expressed by our community contributors do not reflect the opinions of Disrupt or its employees.
We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. We need your help to fight the spread of misinformation. For more information please visit our Contributor Guidelines available here.

Disrupt ™ is the voice of latino entrepreneurs around the world. We are part of a movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities both here in Puerto Rico and throughout Latin America. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. Disrupt Magazine was designed to give the world a taste of that.