According to Odaily Planet Daily, four German companies - DG Nexolution, DZ Bank, Festo and Giesecke+Devrient (G+D) have jointly developed a new prototype solution to support M2M payments using tokenized deposits in offline mode.
The technology is part of Industry 4.0 and allows companies to rent industrial machines on an as-needed basis rather than buying them outright.
The solution is designed to address the problem of machines making payments in environments without an internet connection, such as in underground mines or secure facilities.
