Telekom, Bosch and Fetch.ai – a pioneering partnership
As a member and validator, Telekom MMS plays a central role. It secures the network when devices, people and services are linked to the blockchain. At the heart of the technology are AI-controlled, autonomous agents. These can coordinate resources, make purchases or assess and evaluate traffic flows. One example: electric vehicles with AI use an app to find the shortest route to a public charging station. Autonomous agents on the Fetch.ai blockchain authenticate, identify and pay for the charging process. The vehicle receives a digital passport that increases safety and enables new services such as traffic predictions. Fetch.ai services are already available in the areas of healthcare, vehicle technology, supply chain management and digital identities.
“The collaboration between Deutsche Telekom, Fetch.ai and Bosch is groundbreaking and combines industrial applications with the Internet of Things. Autonomous agents will automate industrial services, simplify processes and make them secure and scalable thanks to blockchain technology,” says Dirk Röder, Head of the Web3 Infrastructure & Solutions Team at Telekom MMS.
Pioneers in the interplay of technology
The Fetch.ai blockchain is an open source technology whose source code is available to the public. It is based on the Cosmos protocol and enables AI applications that can be used worldwide. Together, blockchain, artificial intelligence and Web3 are helping to transform industries and create new opportunities for innovation and collaboration. Blockchain technology stores and transfers data securely and transparently. AI benefits from blockchain as it gains access to secure and trusted data sets. It can also help to analyze transactions on the blockchain and make decisions. Web3 integrates these technologies to create a decentralized internet that enables more privacy and control for users, while fostering innovation in different areas such as finance, healthcare or automotive.
This is why recognized and reliable providers of staking services such as Telekom MMS are important for Fetch.ai. “This partnership is a significant milestone for Fetch.ai. Through research, development and practical application of agents, AI and decentralized Web3 technologies, real-world use cases can be integrated to enhance the existing network,” says Humayun Sheikh, CEO of Fetch.ai.
Telekom MMS will be participating with Fetch.ai at the Bosch Connected Experience (BCX) on February 28 and 29. At Europe’s largest IoT and AI hackathon, new ideas will be developed on the Fetch.ai blockchain. “For Bosch, the collaboration with Deutsche Telekom is an important step in advancing the topic of AI and Web3.” In addition to Bosch’s automotive expertise, Deutsche Telekom is contributing its infrastructure and expertise as a telecommunications provider to the Fetch.ai Foundation,” adds Peter Busch, Head of Distributed Ledger Technology Mobility at Bosch and Chairman of the Fetch.ai Foundation.
About Fetch.ai
The Fetch.ai Foundation is a non-profit organization founded and managed by representatives of Fetch.ai and Bosch. The Foundation’s mission is to advance the development of artificial intelligence and Web3 technologies, with a focus on creating a collaborative ecosystem for industry participants ready to unlock new innovations and business opportunities. The Fetch.ai Foundation promotes an open and transparent ecosystem based on data sovereignty and balanced governance to foster innovation and collaboration among industry participants through joint research and development, collaborative applications, shared initiatives and the discovery of valuable business models. To learn more, please visit.
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Further links
👉 www.bosch.de
👉 www.telekom-mms.com
👉 https://fetchai.foundation/
Image: Fetch.ai
