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Mastercard and Google Launch Verifiable Intent to Establish Verifiable Authorization Records for AI Agent Commerce
ChainCatcher News: Mastercard and Google jointly announced the release of the open standard framework Verifiable Intent, specifically designed for “agent commerce” scenarios where AI agents autonomously complete shopping transactions. The framework uses cryptographic technology to create tamper-proof authorization records when AI agents act on behalf of users, integrating identity, intent, and actions into a single privacy-protected audit trail. This addresses the issue where merchants and card issuers cannot verify if consumers have truly authorized transactions when AI agents place orders independently.
The framework employs selective disclosure technology to ensure that each party only receives the necessary information and incorporates widely adopted industry standards such as FIDO Alliance and EMVCo. Mastercard stated that Verifiable Intent will be integrated into its Agent Pay API in the coming months.
Meanwhile, the cryptocurrency community is also actively making moves. Coinbase CEO Brian Armstrong pointed out that AI agents cannot open bank accounts but can hold crypto wallets, indicating that blockchain infrastructure may be better suited for the AI agent economy in the future.