There are many specification languages for API contracts, however – until the introduction of AsyncAPI – the industry was lacking an industry standard for event-driven APIs. AsyncAPI is specifically designed for these types of APIs.
AsyncAPI is an open-source initiative that seeks to improve the current state of Event-Driven Architectures (EDA). Their long-term goal is to make working with EDAs as easy as it is to work with REST APIs. That includes documentation to code generation and discovery to event management.
The initiative tries to create an industry standard that describes the relationship between all message elements of an API. To make this happen, the first step has been to create a specification that allows developers, architects and product managers to define the interfaces of an asynchronous API. Think about what the OpenAPI initiative does for REST APIs to enable a contract-first strategy, as explained in one of our previous webinars around The API Economy.
The AsyncAPI specification defines the base for a greater and better tooling ecosystem for EDAs. Having a commonly defined and accepted contract allows for a much higher, granular system of control, ultimately resulting in a more understandable, effective and efficient overall system.