Connect with us

Crypto World

BNB Chain Adopts ERC-8004 Identity Standard for Autonomous AI Agents

Published

on

21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

TLDR:

  • ERC-8004 provides autonomous agents with persistent onchain identity that survives across sessions. 
  • The standard enables agents to build verifiable reputation instead of resetting in each platform. 
  • BNB Chain’s low fees and fast transactions make frequent identity verification economically viable. 
  • Verifiable agent identity allows software to collaborate and transact with reduced human oversight.

 

ERC-8004 has been implemented on BNB Chain to provide autonomous agents with verifiable onchain identity. The standard addresses a growing need as AI-powered software moves beyond responding to commands and begins taking independent action.

Traditional login-based systems fail when agents operate across multiple platforms. This new identity framework allows software agents to carry reputation and history across different environments, enabling more reliable autonomous operations.

Building Identity Infrastructure for Agent-Driven Systems

The shift from platform-locked applications to autonomous software requires new identity mechanisms. Current AI tools typically reset between sessions, leaving no verifiable record of past performance. This limitation prevents agents from building trust or operating independently in open systems.

ERC-8004 creates a persistent onchain identity for software agents. The standard functions similarly to a passport, allowing agents to prove their identity across different platforms.

Advertisement

Unlike traditional account-based systems, this approach enables agents to maintain their operational history as they move between applications and services.

BNB Chain highlighted the development in a recent post, noting that agents need to prove who they are and carry their history rather than starting from zero in every application.

The announcement emphasized that while the design shift appears small, its practical applications are substantial. Agents can now operate more reliably across systems instead of being confined to single platforms.

Advertisement

The identity standard addresses three core requirements for autonomous operations. Agents gain persistent identity that survives between sessions.

They also receive verifiable records of past behavior and performance. Additionally, other agents and services can evaluate trustworthiness before deciding whether to interact.

Practical Implementation on Low-Cost Infrastructure

BNB Chain’s infrastructure makes frequent identity verification economically viable for autonomous agents. The network provides low transaction fees that support small, frequent interactions typical of machine-to-machine operations. Fast settlement times match the speed requirements of automated agent activity.

The combination of affordability and speed proves essential for practical deployment. High costs or slow confirmation times would render frequent identity updates impractical. BNB Chain’s architecture supports the volume and velocity needed for active agent economies.

Advertisement

Verifiable identity enables several downstream improvements for users. AI tools become more reliable when their historical performance can be checked onchain.

Services face increased competition as agents select partners based on verified reputation rather than brand recognition.

Users also gain greater control since agents can operate across platforms without being locked to a single provider.

The standard represents foundational infrastructure rather than a complete solution. Once agents establish verifiable identity, additional capabilities become possible.

Advertisement

Automated payments between agents, machine-verifiable work completion, and reputation-based selection all build on this identity layer.

The framework provides a base for an open agent economy where software can collaborate and transact with reduced human oversight.

Advertisement

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

SafeMoon CEO Given 8-Year Jail Time Over Crypto Scam

Published

on

SafeMoon CEO Given 8-Year Jail Time Over Crypto Scam

Former SafeMoon CEO Braden Karony has been sentenced to 100 months in prison for stealing $9 million from the crypto platform’s liquidity pool in 2021 to fund a “lavish lifestyle.”

The sentence on Monday comes nine months after Karony was convicted by a federal jury on charges of conspiracy to commit securities fraud, wire fraud and money laundering in May 2025. 

“Not only did Braden John Karony abuse his position as CEO, but he also betrayed his investors’ trust by stealing more than nine million dollars in digital assets from his company to fund his lavish lifestyle,” FBI assistant director James C. Barnacle, Jr. said.

Karony used the stolen proceeds to purchase a $2.2 million home in Utah, an Audi R8 sports car, a Tesla, a custom Ford F-550 and Jeep Gladiator pickup trucks.

Advertisement

“Karony lied to investors from all walks of life — including military veterans and hard-working Americans,” US Attorney Joseph Nocella, Jr. said, adding:

“Today’s sentence demonstrates that there are significant consequences for financial crimes. Our Office will continue to vigorously prosecute economic crimes that harm investors and weaken societal trust in the stability and security of digital asset markets.”

Source: Ariel Givner

Karony was ordered to forfeit approximately $7.5 million, the Department of Justice said, while the amount of restitution to the victims will be determined at a later date. 

Two SafeMoon execs convicted, one at large

SafeMoon’s former chief technology officer, Thomas Smith, pleaded guilty in February 2025 to conspiracy to commit securities and wire fraud and is awaiting sentencing.

SafeMoon platform’s creator, Kyle Nagy, remains at large, the DOJ added.

Karony is one of many former crypto executives who have now been convicted and sentenced for crimes committed during the 2021-2022 market cycle, when retail market participation was at its peak.

Advertisement