Payment Orchestration

The Payment Orchestration Layer in Griffin AI underpins crucial smart contract functionalities essential for managing payments and escrow arrangements. This blockchain layer supports the autonomy of AI agents and DApps, facilitating secure and automated transactions within the network.

Currently, Griffin AI does not directly manage payment execution. Instead, it leverages standard blockchain infrastructures to handle transactions. The Griffin decentralized database records request logs for statistical analysis and dispute resolution, but actual payments are executed directly by the network participants.

Supported payment approaches

Service Providers (SPs) and AI agents can adopt any suitable pricing strategy or payment method. Common approaches include:

• Pay-as-you-go: Direct payments from end-users or Client Providers (CPs) to SPs.

• Up-front payments: Users or CPs pay SPs in advance to create a credit balance for future services.

• Subscription models: Users pay for ongoing access to services.

• Escrow payments: Funds are held in escrow and released upon service delivery.

SPs operating a Griffin Node benefit from integrated functions that simplify ongoing balance calculations, reporting, and usage statistics. This infrastructure reduces the need for SPs to build complex billing systems from scratch. However, SPs remain responsible for accurately reporting client balance credits and debits across various billing scenarios.

Future developments

Future network enhancements aim to expand payment capabilities, including:

• Account abstraction to enable payments in any currency across different networks.

• Introduction of Payment Providers (PPs) to facilitate more sophisticated payment mechanisms, including off-chain methods (e.g., credit card payments).

• Advanced escrow services provided by PPs to improve security and flexibility of financial transactions within the Griffin AI ecosystem.

Last updated: 1 year ago