My wife studied Master’s in Bio-Inspired Innovation. In a nutshell, it is about Innovating through observing nature. That is why I love the concept of Intents, in nature there are no transactions, there is only intents and collaboration/communication.
Intents are used to define and enforce desired actions or outcomes in a decentralized manner. They play a crucial role in smart contracts and decentralized applications (DApps). By using intents, developers can specify the conditions and rules that need to be met for a transaction or function call to be executed on the blockchain. Intents enable the automation and trustworthiness of transactions by removing the need for intermediaries or centralized authorities.
For example, in a supply chain scenario, an intent could be created to automatically trigger a payment to a supplier once certain conditions are met, such as the successful delivery of goods. This intent would be coded within a smart contract and executed on the blockchain, ensuring transparency and immutability.
Intents in blockchain also allow for sophisticated permission models, where only authorized parties can execute specific actions. They enable the creation of complex workflows and conditional logic, making blockchain technology more versatile and capable of automating various types of business processes.
By incorporating intents into their blockchain applications, developers can leverage the decentralized nature of the technology to create secure and transparent systems that enable trust, automation, and efficiency.
Gundeep Singh 