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Shashank Singhal
Android Developer at Sell.Do
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CoinGeek London Conference 2020
February 20, 2020, London, UK
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Codugh is giving API developers the economic incentive they deserve
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About the talk

Topic: FinTech

Developers can now monetize their APIs in a new way that ensures greater financial rewards and improved solutions.

Visit: https://coingeek.com/codugh-is-giving-api-developers-the-economic-incentive-they-deserve/

Subscribe to the CoinGeek channel to watch more CoinGeek videos on Bitcoin and blockchain. https://www.youtube.com/coingeek

⏰ Time Stamps ⏰

00:01 - Start of Shashank Singhal Presentation

7:15 - How feedbacks are being use to better Codugh?

12:32 - Coingeek Coinveration with Shashank Singhal

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#Codugh

#API

About speaker

Shashank Singhal
Android Developer at Sell.Do
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Good afternoon guys. I hope everyone's having a good time. I promise you guys get to have drinks soon. So I'm here today to talk to you about Cota a place where developers earn Bitcoin Nakoda is Navy Lodge, Moffett place with people, paper Cole or for execution time. But it's cool that they make to an API. Now, today I'm going to talk to you a little bit about our progress since. So I'm going to talk to you a little bit about our goals for the future and our vision, for a more holistic ecosystem for Developers. For those of you who don't know what an API is, an API is

essentially an interface that allows a program to share a part of its functionality with other programs. Just a simple way for people to not have to build some functionalities into their application. Still benefit from them. So my name is Shashank sinkhole. I'm one of the co-founders of Cota and a bit about my background has both the product manager and as a developer, I got into Bitcoin around 2016 but I didn't really do anything on it until early 2019 after the birth of PSV. This is because the use cases of bsv, microtransactions fast confirmations and

the infinite Sky gave me a lot of ideas on how to build good businesses. So let me tell you, give you a bit of a reminder on what Coda is and how it works. The first I want to address to call problem in the developer community. That Cody was with So, the first problem is that the API consumption experience is complex and time-consuming. So as an application developer, you often will have to subscribe to paid monthly apis. What that means is you have to go pay the subscription every month. So if you're trying to describe three or four apis into your application, that's only because you

have to call each a certain amount of time before you actually getting enough money to pay for. But that subscription and if something goes wrong when you're experimenting with your API then suddenly you've lost money for no real reason. The plenty of Open Source tools available but many of them a pulley maintains because the developers are not incentivised to maintain them and keep them running. Also, many of these open-source apis, have no s l a s or formal agreements. What is basically means is that you as an application developer, you called really fully trust and application. When you put

putting in AP eye on it, when you're doing your application on top of that API, because no way to assure that it will be up in a long time, long time. So these problems make it really hard to build a scalable and reliable products on ati's. The other side of the coin in the second problem is there's no simple solution for developers to monetize their right. The eyes Now what this means is, its present. The amount of open-source tools that exist is nothing compared to the amount of Open Source tools that we've lost over the years, because people haven't had enough funding, what time to build

them. Right. So emotional Wells where everyone in a said, well, the first world everywhere could profit from the code that they built and could really be incentivized to help the developers around the world, build a ecosystem. Right? And because of this is really hard because of this problem. It's really hard to. In today's age have development incentive eyes to go to holistic ecosystem where they help each other. So what do we need? Help me solve this problem. What we need is incentive and compensation without sacrificing accessibility. So what this means is that developers API

developers are incentivized and compensated for their work when they help develop his phone functions and contributed to develop a ecosystem. But this cannot come at the cost of application developers. Having a boy or a berry, a big bang theory that the consul pause because then suddenly we have plenty of tools but no, many people who are allowed to use them. And if we can solve this problem, and we should have more tools, high-quality tools and more Reliable Tools that people can build a pond and build more reliable applications of pain. I think about again, think about the application of

this, not only in the developed world, but also in the developing world right there, so many developers without Economic Opportunity around the world and so much intellectual Capital, that would not harnessing. If every developer around the world, could just turn on the computer code, something off that can benefit people around the world. Suddenly the symmetries case, there's so much to so much power that we have as a developer Community around the world. Resolve this problem. We built coda. Put on as I mentioned before is an API Marketplace that makes it easy for people to integrate a

b s d palette authentication system into that platform. So they don't have to worry about using management that I have to worry about authentication that I have to worry about pricing or billing code. And say, I want this much money, Tell Cole to my API and then develop his around-the-world can come use the API and pay a small amount each time to benefit. How does a solve the problem that we just talked about will solve the problem through experimentation? So, application developers can play around with code at a cheap negligible cost for a call. And

there's no commitment that it solves the problem through reliability because these developers are incentivized, not only through composite compensation, but also, through competition at the competitive, Marketplace were inspired to build products that help everyone and a reliable in a long-term. It's also a problem for flexibility with no monthly commitment. That's infinite flexibility for an application developer to pay as much as they use and a penny API developer is profiting instantly from that usage. And it solves the problem. Through low-cost the cost doesn't become

anything more than negligible until you're pulling it, hundreds thousands of times and by then you should already have an application running and a user base. That's giving you your own form of profit to put that cost. So what if we don't install we launched at waitlist, we're doing this to grow the necessary capacity to launch a Marketplace. As you can go to my place with 10 Developers. This has also allowed us to engage with a lot of developers around the world. And we we've had done a lot of ideas, which has helped us build a product offering. So text to this field work and Texas.

Waitlist we engage with thousands of developers globally. And because of this, we received invaluable feedback and we were able to tweak and protect our product and we'll talk about that in the next couple of slides. We did this by taking a product first and bsv, second approach. The first thing we pitched turn on PS Vita, Bella, Pizza. Product. What value can we give them? What we can give them the values? I just discussed, we can give them monetized apis, and we can give them applications that can benefit from better tools globally. When else I was supposed to but how can you use

microtransactions? How it, how do you make that function on a large-scale? Then we explain. Hey, we use bsv. And we do that because of the fast confirmations because of the nearly finished scale and because of the capability, microtransactions through low fees and that's allowed us to not only drive for traffic through hour or two around 4. But also to the bsp ecosystem, So let's talk about some of the feedback we've gotten and how we've used it to better. A product. Reliability is a big problem. People have it up with the concept. How can I add an application developer trust, a random

API on the market, right? Because if I put my application on top of it and the API goes down, but then my application goes down. Yes. It says you development time, but also create another point of failure. So how we addressing this? That was no J's developer. He also had a problem with the quality of the apis, right? How do I know? That is a quality API that I'm using? So what we did to fix these problems as we enter play, we are implementing a ratings and review system. One thing that allows is apis application development, to break your eyes and

review them to provide. A more human elements of people understand exactly how the FBI Works. What does drawbacks might be? We're implementing badges. What badges are much more Broad in the incense bad for a lot of things you get a badge for having a low latency, I speak to the quality of your API, you can get back to having a high success rate on your Kohl's. If you called never fail, you get a batch of that. Because then people know again that you that you have a high quality and reliable API. If you have an SLA, with a big company, you can get an idea, you can get a batch. Because again,

that means that you have a commitment to someone to keep your product up, and I can make it more reliable for everyone else. And there are several other things such as if you have several safety eyes, or you have a profitable API because that means that you're incentivize through profit to keep your idea running. Finally went romantic back up a rotation. So when there are two similar apis on a platform, you can spot someone as your primary at the eye. And one has you secondary if you buy the idea of being at your primary, if you have to go down the second secondary, okay? I will kick in and

you can in your own application, set up tickets to see if the formatted response changes how the application process is that information differently and that way you can have an extra layer of security that you don't have to use, unless it was happens. Management and pricing is another thing that a lot of developers us about. So what do you actually give us? Right. Why would we use you? And the C plus plus developers said, a problem with management. If he said API calls require more bandwidth than others and himself. A Computing costs will be significantly high for certain types of

colds rather than the original original platform. Only had purple API pricing for also implementing bandwidth faced API pricing because they're a lot of apis. When people run civilis where it'll be much more expensive on certain types of pools, you can charge based on execution time rather than just a cold Documentation and best practice guidelines is another way that way helping management to a full sing developers. API developer has to put on good documentation, right? I will say, you have to fill this and fill these filled out, you have to fill out a certain amount of words in each one and

that guarantees that they'll be some stage of some state of readable documentation for application developers to be able to build off and finally, a unified authentication flow. APS put on Cotto over through the same flow and what that means that you can authenticate all your ipi's one way and you don't have to go through the hassle and headache of 10 different apis and you on your iPhone on your application and having to authenticate each differently and having to figure out how each of them works. Integrations with in the PSV ecosystem. So we've had it. We've had a lot of conversations

with PSP developers and as a few ways that we can better our product using to be a speaker system, they picking up time status ticks on apis, API developer, and you think you want to advertise the all-time statistics, you can purchase the 15 package. What that would mean is that you is that you're up. Time is constantly reported and people who access the marketplace can co-opt, I'm right there posted and that's another reliability metric that they can use to trust you and give us a mutable logging on the blockchain. So all of your API poles can be logs and we can track analytics on

that. We can track your success rate. We can track how, what? Types of coals fail why they fail and we can provide you analytics on that and that's all immutable Oregon chain. Now Joshua Hensley, I think he's home. I had a really good talk at Cambrian SV earlier this week about professionalizing Bitcoin services. And because of that, we've also decided to implement an SLE a system where we facilitate oscillates between application, Lodge application developers and API developing a platform and that will mean that API developer application. Developers can have more trust if your Lodge

application to apply when using a platform So recently, we've been building lost weekly. It's a great product for the great team. I can be an SV. And now, what's next for us? Well, web growing volume and preparing to launch Dakota Alpha. And then we can do some testing there before we release it to the public. So I'll vision is to use to grow to be a speaker system, and use bsv to provide Economic Opportunity to every developer in the world so join us as we wait list. Hello. It's Amie

Jackson. Hey, with coin, geek.com annoying today with Tricia and seeing how it from Caillou. Thank you so much for joining me. I'm going to stop by saying a big congratulations to winning the second virtual hackathon lost yet. So tell me a bit more about your company. Well, thanks very much for having me and thanks for that. Socota. Is basically in APM Marketplace, that allows developers to post their apis and then application developers can come and consume there at the eyes and they pay the coal to continue a p. I s o s o r b, microtransaction took one example

of that. Could be a video converting API. So if someone's build a an API that can bugs, don't wave files to MP4 files. They can put that on an application developer who's building something. I can video editing software can come on and say, hey, I don't want to build this converting functionality myself. Then going psycho. Grab the API and bake that functionality into the replication using the API and then they can simply pay a few cents, pickle each time, a user use the functionality converter video. Wow, okay. Alright. Well, I'm coming from a past winner for anybody young

and aspiring develop his now that he might have to realize on the 3rd, but she will have to fill them. What kind of advice would you give to them? I think it's great to build good code inspector who developed off. But you've really got to focus on the business side. You really going to make sure you're making a viable business that people will be able to sell them. He will be able to profit from listen to him leaving into the future. Then what can you see in the next couple days cuz I was in 2020? Has been a really really good fake. Yes. So what's on the horizon for you to lunch, go to Alpha

7 in begin testing and then as soon as that's done, we hooked to drive a lot of all the into the platform and hopefully with the growth of BSD, a little traffic will come directly to the platform and you used BST to empower developers around the world and create Economic Opportunity for developers everywhere.

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