Collaboration Between Fetch.ai and Deutsche Telekom to Integrate AI and Blockchain Technology
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Deutsche Telekom has announced a collaboration with UK-based AI startup Fetch.ai to promote cutting-edge AI and blockchain solutions.
As the first major corporate partner of the Fetch.ai Foundation, Deutsche Telekom joins forces with Bosch and Fetch.ai in supporting an open AI and blockchain platform aimed at widespread adoption. Its subsidiary, Deutsche Telekom MMS, will also serve as a validator on the decentralised Fetch.ai network, helping secure transactions on the blockchain.
The core of Fetch.ai’s technology relies on autonomous software agents that can manage resources, conduct transactions, and analyse data flows independently thanks to AI algorithms. These agents unlock a myriad of real-world applications across sectors like automotive, supply chain, healthcare, and digital identity.
AI agents, for instance, can optimize production schedules leveraging supply chain data, or associate patients with clinical trials by examining health records. The immutability feature of blockchain additionally offers secure exchange and admission to confidential data.
Remarkably, the fusion of blockchain, AI, and IoT is pioneering the digital revolution of whole industries,” expresses Dirk Röder, the leader of Deutsche Telekom’s Web3 Infrastructure & Solutions team. “Autonomous agents will mechanize industrial services, simplifying procedures securely thanks to blockchain.”
In the capacity of a validator, Deutsche Telekom MMS will validate network security as additional devices, users, and services assimilate with the Fetch.ai blockchain. Constructed on the Cosmos protocol, Fetch.ai runs as a permissionless decentralized network with public source code that is accessible internationally.
This cooperation showcases that blockchain can make the most of the potential of AI by providing reliable, transparent data, whereas AI can assist securely in the analysis of blockchain transactions. Combined, these technologies establish the groundwork for a decentralized Web3 internet that enables user privacy and control.
“This partnership signals real progress in integrating AI and Web3 innovations into the machine economy,” stated CEO of Fetch.ai, Humayun Sheikh.
Deutsche Telekom and Fetch.ai will collaborate at one of the biggest AI and IoT hackathons in Europe, Bosch Connected Experience, scheduled for 28-29 February 2024.
Related: Telcos to allocate $20B on AI network orchestration by 2028
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Tags: ai, artificial intelligence, autonomous agent, blockchain, bosch, deutsche telekom, enterprise, fetch ai, fetch.ai, telecoms, web3
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