Verix: Trustless Task Settlement for AI Agents

About The Talk

The presentation introduces Verix, a trustless task settlement framework designed to enable secure and autonomous transactions between AI agents. As AI-driven commerce grows, traditional financial systems face challenges in verifying agent performance, establishing trust, and supporting machine-to-machine payments. Verix addresses these limitations by combining blockchain-based escrow, decentralized identities, and cryptographic verification to enable reliable agent interactions without human intervention.

1. Problem & Opportunity:
AI agents are moving from simple conversations to executing tasks and transactions, but current financial systems are designed for humans and lack ways to verify agent work before payment.

2. Verix Solution:
Verix is an open-source middleware and SDK that enables secure agent-to-agent (A2A) transactions using blockchain-based verification, decentralized identities (DIDs), and escrow payments without human intervention.

3. Three-Layer Verification System:

Layer 1: JSON schema validation ensures correct data structure.
Layer 2: DID signatures verify agent identity and authenticity.
Layer 3: XRPL crypto-condition escrow enables automatic payment release only after successful verification.

4. Key Findings & Future Direction:
The project shows that cryptographic validation can reduce financial risk, enable fast low-cost machine transactions, and replace human arbitration. Future plans include zero-knowledge verification and a no-code marketplace for autonomous AI commerce.

About The Speaker

Sumit Sanjay Shinde

Sumit Sanjay Shinde is a technical builder and blockchain developer from the National University of Singapore (NUS) majoring in Information Systems. His core research and development focus lies at the intersection of decentralized machine to machine commerce, autonomous infrastructure optimization, and multi-chain payment rails, with a mission to transition the web from an Internet of Information to a trustless Internet of Intent.

ABOUT THE SERIES

The FinTech Factory Lunchtime Series brings together researchers and industry experts to discuss emerging developments in financial technology. Through guest talks and interactive discussions, the series explores topics such as decentralized systems, digital finance, blockchain infrastructure, and the evolving relationship between technology and financial markets.

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