While the M2M economy focuses on direct machine-to-machine interactions, the EoT envisions a world where everyday objects with embedded intelligence and connectivity become active economic participants. This includes data monetization, service provision, and resource sharing by devices themselves.

• Scalable Infrastructure: Capable of supporting billions of connected devices and their transactions.
• Secure Device Identity (Machine ID): Ensures each 'thing' has a trustworthy digital identity.
• Value Exchange Layer: Facilitates seamless and low-cost value transfer between devices using Taraxa's native token or other tokenized assets.
• Data Markets: Enables devices to securely sell or lease the data they generate.
• Decentralized Service Orchestration: Allows 'things' to discover and utilize services from other 'things' without central intermediaries.

Imagine your smart fridge ordering groceries when supplies run low and paying autonomously, or your solar panels selling excess energy directly to a neighbor's EV charger. Taraxa provides the rails for such an interconnected and autonomous economic fabric.