Gem unveiled a private beta of highly scalable and security-focused API for bitcoin app developers at Monday’s TechCrunch Disrupt conference in San Francisco.
The API abstracts the bitcoin storing layer, simplifying bitcoin implementations by storing, encrypting and backing up users’ bitcoins. Gem say that this will allow developers can concentrate on product development instead of security.
As part of its launch campaign, Gem entered TechCrunch Disrupt’s Startup Battlefield challenge, one of 26 companies selected to participate in the challenge out of a 700-applicant pool. Gem demonstrated a home-built Android app that utilizes the Gem API. While the only app exists to demo the API, it is an example of the simplicity of the Gem API. The Gem team was able to develop a world-class bitcoin wallet in just a few weeks.
“Our platform allows you to create wallets based on multisignature technology and other technologies,” Gem co-founder and CEO Micah Winkelspecht explained. “It’s more secure than holding your own keys because we provide an extra layer of security.”
“The industry right now is really focused on payment, but we’re really about empowering the next wave of developers,” he told TechCrunch. “Right now, if you want to build a bitcoin app, you have to be an expert in cryptography and security. We give you a very consumable platform and a client library.”
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