A factual understanding of automated money requires a good understanding of traditional financial processes and structures, environments, mechanisms, and protocols for transactions.
While the traditional finance concepts are detailed, it would be difficult for a person to give it much value besides the dictionary meaning of automated money i.e. automating money is automating monetary transactions. The technical experts in the subject of financial automation know the systems as highly sophisticated. For example, in the case of music. To know or like music is one thing but to practice an instrument and then to differentiate the language in such a manner as to create many very different but highly absolute functionalities is the practitioner's professional function.
Here are given absolute terms for the above-mentioned technical systems of function, namely, legacy systems, zero trust security systems, cyber trust programs, and contemporarily cryptography, blockchain, and cryptocurrency, digital ledger, digital wallets.
Legacy systems, zero trust security systems, and cyber trust programs, for financial ecosystems, are trusted software and technology that facilitate operational efficiency, data security, and automation of work frames. The frameworks are specific to usage and functionality and hence user-centric. Each system and program is for a set audience, be it the service provider or the end user.
The contemporary systems are different from the legacy systems in the focused aspect of minimal human intervention for efficiency.
A basic understanding of cryptography for security is that cryptography is the form of a mathematical function that is used to create specific values from a given set of values/figures, but decipherable by certain receptor bodies only. The mathematical function, thus named, allows only the pre-set receptor to decipher this coded version of the actual message, because the receptor has the pre-set environment for reception i.e. understanding of the device of reception and method, and the method to decrypt the message, and most importantly the private key to access the public code/message.
Blockchain, the programmable format of the same concept, works/is functional, similarly, in an environment of computer language, for creating a linear communication that is not reversible between two mutually agreeable parties that have already pre-set the mutual environment and the private keys, respectively.
The ascertained functionality of automating money mechanisms to zero-trust client and service provider/transactional agreements is the necessary protocol in digital environments.
This zero-trust functionality by way of automation is the relevance of the process of automating money.