Cloud Wallet is an API that covers asset and inventory accounting and enables closed-loop payments between connected devices. I have chosen inventory accounting for a coffee vending machine to present some examples.
Imagine you run a fleet of 1,000 coffee machines and you need to address the challenge of restocking in a timely fashion. To avoid lost sales and excessive delivery costs, we will take care of inventory accounting by linking each vending machine to a set of wallets that will record inventory balances and changes.