kaal:claim:3808859-013

APIs dissolve traditional value-chain hierarchies because a company can obtain features more cheaply and more easily by connecting separate products through APIs than by controlling the entire value chain itself.

Through the use of APIs, companies no longer need to control the entire value chain because it is much cheaper and technologically often easier to create application features in separate products that connect via APIs to existing ecosystems and/or other products.

Wulf A. Kaal, Decentralization – Why We Need Technology Infrastructure Upgrades (2021), III.2 API Economy, p. 22
https://ssrn.com/abstract=3808859 · source PDF

Wulf A. Kaal, Decentralization – Why We Need Technology Infrastructure Upgrades (2021). SSRN: https://ssrn.com/abstract=3808859

mechanismsupport: arguedeconomics

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