Crypto APIs Helps Enterprises and Developers Build Blockchain-based ProductsA world which revolves around the allocation of scarce resources into satisfying our infinite desires seems to be focusing on innovation that is oriented towards how this usage of resources is to be optimized, with data becoming indeed “the new oil”. As such, enterprises are noticeably embracing blockchain solutions, as the worldwide spending on them is expected to grow from 1.5 billion in 2018, up to 11.2 billion by 2022, according to Statista. Hence, it’s no wonder financial companies and other institutions are seeking out this form of structuring and distributing their data with no central authority that gets in their way.
However, as with every emerging technology, the constant challenge appears:
“Should I build it from scratch, or use available solutions?”
The answer is not definite, yet still related to resources: time and money in accordance with data. If they are both to be optimized for the best of the company’s interest, the quality of the product will thrive. This is especially true if you are a software developer with a vast interest in dApps.
The main problem developers and enterprises are encountering is having their platform implementation costs worth it, which if not leads to a costly R&D phase, the need of a blockchain developer, 5 years of work with worst-case scenario being they don’t even have a product ready yet, and the best-case: having plenty of debts and very little competitive advantage. Similarly, 10 years ago, setting up a software platform would require thousands of dollars at the very least for servers and maintenance, with not even a clear product on their hands to put to market. However, nowadays through AWS and other services,the process is hugely facilitated with just $…
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