The embodiments herein relate to creating solutions for a platform and, more particularly, to enabling a user to create an API (Application Programming Interface) for a platform and enabling at least one other user to use a created API for his platform. Embodiments herein disclose a system which complies with component-based and service-oriented concepts of API architecture, and by providing next generation tools and libraries for open-standards based multi-channel application development by automated generation of APIs and interactive consumption of the APIs via one single portal.