The magic of API: how to connect every business software to Pacio

2 min read

Pacio is setting out to accomplish an enormous task. We want to connect all (ok, let’s say many) applications to the Pacio ecosphere. In the same sense, every developer shall integrate the Pacio blockchain, the standardised semantic information model (SSIM) and TARI into their application. How can that be done?


Pacio is creating a decentralised semantic data application platform and will produce the first Semantic Business Web on blockchain.


“Before I learned software development, API sounded like a kind of beer”, says Petr Gazarov in his informative article on “Application Programming Interface”.

An API is a black box, able to connect two different applications.

You go to a crypto webpage and see this little widget with a Bitcoin chart and its current price. Or you find a nice book on the same page that leads you directly to Amazon. When you shop on an online-store, at some point you are led to Paypal and back after the payment has been sent. The respective websites don’t create this particular content. They take it from another site that produces it.

Be it a weather widget (29 degrees Celsius in St. Lucia today) or payment information, the producer creates a set of rules to access his data. These rules describe how to call the data, in which format it is provided and which business rules apply.

This principle is not limited to the web. Business management data software SAP can be connected inside a corporation to project management tool Jira via an API. Of course there are APIs between web applications like shopping tools such as WooCommerce and Magento to invoice and inventory management in accounting software like Sage.

The possible combinations of data connections can be computed in the billions, for Pacio relevant interfaces will rather be in the thousands. Here is an incomplete list of applications to which Pacio will connect.

 

Blockchain

There will be no chain to rule them all. Developers will be able to write and use APIs from a variety of blockchains:

 

Ælf(Aelf), Æternity(Aeternity), Aion, AlphaPoint, Apla, Blockstack, Cardano, Cosmos, Credits, EOS, Genaro, Hyperledger, Icon, Komodo, Metaverse, Multichain, Multiversum, NEO, Red Belly, SophiaTX, Tezos, Universa, Wanchain, and Zilliqa.

Ælf (Aelf), Aion, AlphaPoint, Cosmos, Icon, Wanchain, and possibly others include or plan to include inter-blockchain capability. Aion, Icon, and Wanchain are co-operating via the Blockchain Interoperability Alliance.

Other inter-blockchain technologies or options as part of a system, mostly still in development include Ark, Blocknet, ConnectionChain, Interledger, Metronome, OmiseGo, OTN, Polkadot, and Quant.

 

Top 4 eCommerce platforms by market share:

WooCommerce

Squarespace Online Stores

Shopify

Magento

 

Top 5 accounting software by market share:(https://www.salesinsideinc.com/financial-management-accounting-software-companies-market-share)

 

Intuit Quickbooks

Sage 50, Peachtree and other Sage products

ADP Payroll

Microsoft Dynamics GP

Bloomberg’s Bloomberg

 

Top 5 enterprise resource management programs (ERP)https://www.appsruntheworld.com/top-10-erp-software-vendors-and-market-forecast/

SAP

FIS Global

Oracle

Fiserv

Intuit

 

Other application environments with coming Pacio APIs

  • Personal stock and/or crypto trading and investment apps
  • Apps for manufacturers
  • Apps for services businesses e.g. hairdresser, accountancy practice, legal firm
  • Digital assets apps
  • Data market apps
  • IoT management apps
  • AI service apps

 

How will all the APIs be produced?

Pacio will build a strong ecosystem that will appeal to developers worldwide. First, Pacio will supply tools and rulebooks to ensure easy onboarding for developers. Especially in the first year around the publication of the Pacio platform, we will give out grants to external development teams to produce data interfaces for the most relevant software applications. These APIs can then be offered on Pacio’s own app store for a fee or open source.

 

 


Also published on Medium.

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