M2x SagaStandards™ Working Group (M2xSWG)

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Led by Alex Norta

Objectives

The M2x WG aims to develop frameworks, protocols, and standards that enable autonomous interactions (machine-to-machine M2m, machine-to-human M2h, and machine-to-infrastructure M2i) with secure and efficient value transfer among diverse economic actors. The objectives include:

• Designing an interoperable blockchain-enabled interaction model that governs machine collaborations, microtransactions, and shared resource allocation.
• Exploring secure identity management, authentication, and validation for autonomous devices using DIDs and self-sovereign identities.
• Establishing governance frameworks and trust models for machines to autonomously negotiate and execute contracts without human intervention.

Key Challenges Addressed

• Scalable Transactions: Addressing the need for high-throughput, low-latency machine-driven payments (micropayments, resource allocation).
• Interoperability: Facilitating machine collaboration across heterogeneous systems using common standards and smart contract frameworks.
• Decentralized Trust: Implementing robust identity and authentication mechanisms to prevent Sybil attacks, fake nodes, and unauthorized actors.
• Autonomous Decision-Making: Enabling machines to negotiate, transact, and optimize interactions autonomously in dynamic environments.

The Role of SagaChain

As a key technological enabler, SagaChain by PraSaga provides the necessary blockchain infrastructure to support the scalability and governance requirements of M2x ecosystems. Its unique architecture facilitates:

• Parallel Processing of Machine Transactions without bottlenecks.
• Flexible Governance to allow rule updates and contract modifications.
• Seamless Integration with IoT Systems, enabling smart machines to interact across environments in real time.

Initial Use Cases

• Decentralized Energy Trading: Smart grids and autonomous energy units (e.g., solar panels, wind farms, battery storage) trade excess energy in real-time microtransactions based on dynamic supply and demand conditions, improving grid stability and promoting renewable energy adoption.
• Smart Cities: Machines collaborate for resource optimization (e.g., energy distribution, public infrastructure services).
• Industrial IoT: Autonomous machines manage supply chain coordination and resource allocation.

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The M2x Working Group seeks the collaboration of industry stakeholders, researchers, and blockchain developers to create the next-generation ecosystem for autonomous machine interactions and transactions. 

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PraSaga™ is building SagaChain™, the next generation of layer one blockchains. PraSaga™’s technology solution solves the limitations that plague first-generation Layer One blockchains.

SagaChain™ successfully addresses true scalability, stable transaction fees, sustainability for business applications, such as supply chains, and significantly lowers development costs. This is the next evolution of blockchain architecture, a Layer One blockchain that achieves the promise that all blockchains have aspired to. One that provides a consistently high level of resistance against attacks, rewards its ecosystem of contributors and most importantly, the only blockchain that scales in capacity and throughput as more resources are added to the network.

Stay tuned for updates as we embark on this exciting journey together!

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