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July 21, 2017
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As the API economy continues to grow and the hubris around the opening of banking becomes deafening, this debate provides the backdrop to a dialogue increasingly characterised by the avid interest of government and industry bodies. This need appears to derive from a number of goals.
In essentially ruling that APIs can be copyrighted, the US Appellate Court may have opened a legal Pandora's Box the likes of which the technology industry has never seen. APIs have been around for decades without being subject to intellectual property laws. But given today's ruling -- one that could potentially stifle innovation -- Web APIs are especially vulnerable. Fortunately, the battle is not over yet.
Historically, entrepreneurs and businesses in need of capital to bring their ideas to life had limited options, such as venture capital, bank loans and credit cards. But thanks to crowdfunding services like Kickstarter and Indiegogo, it's now possible for entrepreneurs and businesses to raise money from consumers willing to pre-order their wares.