Quasar - Bringing Economy Into the Iot

in the near future, vehicles will drive autonomously, and machines will engage in business with other machines. these vehicles and machines are required to make and receive payments. furthermore, all these transactions need to be included into the traditional financial systems. current systems are not equipped for such scenarios because… - machines do not have a bank account or a credit card - existing banking infrastructure is too expensive and unable to handle instant peer-to-peer (micro) payment transactions - alternative payment methods such as cryptocurrencies payments fail because of volatility risks and compliance issues quasar is a blockchain technology-based saas that enables instant and compliant transactions and settlement between devices, businesses and people. quasar connects the ‘internet of things’ economy with traditional financial systems and hence enables devices to become profit centers.