The Spectrum of Onchain Machines: From Identity to Ownership

Onchain machines are physical devices connected to the blockchain that possess verifiable identities and wallets, enabling them to act as autonomous economic agents. These machines exist along a spectrum- from simply proving their identity to actively transacting, earning income, and managing other machines. This evolution paves the way for a decentralized Machine Economy, where networks of machines coordinate and generate value without human oversight, replacing centralized platforms with trustless, autonomous systems.

Key Ideas

Machines can be assigned decentralized identifiers (DIDs) and wallets, allowing them to verify their existence, transact, and manage funds independently.
The long-term vision is a fully autonomous Machine Economy, where machines coordinate and scale operations without centralized control.

Why It Matters?

Products like self-monetizing EV chargers or autonomous vehicles that manage their own maintenance and payments can disrupt traditional service platforms and unlock decentralized fleet management. Industries dependent on centralized infrastructure especially transportation, logistics, energy must explore integrating onchain identities and economic agency into their assets to remain competitive and tap into new revenue streams.