Machine to Machine Commerce (M2M Commerce) involves autonomous transactions conducted directly between connected devices or software agents without human intervention. In the crypto context, this extends to smart contracts and AI-driven agents executing payments, managing resources, or trading digital assets on behalf of machines, often leveraging distributed ledger technology for verifiable and secure exchanges.
Mechanism
M2M Commerce operates through predefined protocols and smart contracts deployed on blockchain networks. Devices or agents communicate via secure APIs or decentralized messaging systems, triggering automated payments or resource transfers upon the fulfillment of specific conditions. Cryptographic signatures verify the authenticity of transactions, and the ledger records the immutable exchange of value or data.
Methodology
The strategic approach to M2M Commerce centers on building self-executing economic relationships between intelligent devices. This methodology prioritizes the design of secure, efficient, and transparent autonomous agents capable of independent decision-making and value exchange. The framework aims to automate micro-transactions, supply chain logistics, and IoT device interactions, thereby optimizing operational costs and creating new business models within decentralized networks.
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