Why Onchain Machines Are Inevitable

peaq is bringing machines onchain via its blockchain-based identities and wallets. This is a necessary evolution to create trillions in untapped economic value. Traditional finance systems are too slow and fragmented to support the microtransactions and autonomous interactions required by a dynamic machine economy.

Key Concepts

Machine IDs & Wallets: Enable machines (e.g., cars, solar panels, smart plugs) to autonomously transact, offer services, and earn income.
Decentralized Efficiency: Eliminates intermediaries, promotes transparency, and creates real-time marketplaces for machine-generated services and data.
Network Effects: Onchain machines drive compounding productivity gains, making traditional off-chain models economically obsolete.

Why It Matters?

In order to be part of the machine economy one needs to build Decentralized Physical Infrastructure Networks (DePINs) on platforms like peaq. Smart contracts and AI is enabling machine-to-machine (M2M) business transactions creating super intelligent economies. DePINs help to monetize idle assets be it robotaxi platforms, decentralized energy markets, or data marketplaces for smart devices. The key industries that would benefit from the new platform technologies and smart economies are logistics, energy and manufacturing.