Human and Machine Transaction Interfaces
Human and Machine Transactions
Although, of 2020, 90% of financial transactions are digital, most of them lack efficiency: a simple cross-border FIAT payment can take days to reach its final recipient and typically comes with a hefty, anachronistic, fee.
Any transaction, whether between humans (H2H), humans and machines (H2M), or even between machines (M2M) in the Economy of Things (EoT), can be managed securely and highly efficient by blockchain, or crypto technology.
AI-powered blockchain-based applications not only add security and efficiency to payments, but can significantly improve negotiation processes and minimize paperwork. Autonomous economic agents can be mandated to free decision makers from tedious administrative workload.