Multi-Party Automation

Definition ∞ Multi-party automation involves systems that automate processes requiring coordination and interaction among multiple independent participants. These systems reduce manual intervention and enhance efficiency in complex workflows. Blockchain and distributed ledger technologies are often utilized to facilitate trustless coordination.
Context ∞ Multi-party automation is a key application area for blockchain technology in supply chains, interbank settlements, and decentralized autonomous organizations. It enables secure and transparent execution of agreements without reliance on a central intermediary. The focus is on designing protocols that ensure data integrity, privacy, and efficient consensus among disparate parties.