By Anjali Kochhar
Deutsche Telekom, a telecommunications provider, has announced a collaboration with the Fetch.ai Foundation.
According to a tweet shared by Fetch.ai the primary objective of collaboration is to promote the advancement of artificial intelligence (AI)-based solutions inside the Web3 sector.
Bosch and the blockchain platform Fetch.ai founded the firm in February 2023, and Deutsche Telekom will be its first business partner. The three areas where the foundation seeks to find useful solutions are as follows: consumer products, industry, and mobility.
The Fetch.ai network will be validated by MMS, a subsidiary of Deutsche Telekom. Platform representatives point out that working with this company will guarantee the effectiveness and security of the network because autonomous agents operate on artificial intelligence.
Furthermore, on February 28 and 29, in Berlin, MMS and the Fetch.ai Foundation will take part in the Bosch Connected Experience. A hackathon will be conducted as part of the occasion to advance the advancement of Internet of Things (IoT) technology.
An autonomous agent that can carry out activities and make decisions using artificial intelligence (AI) and smart contracts can be created and used on the decentralized platform Fetch.ai. The project declared that it had officially reached over 15 million transactions on the Fetch.ai Mainnet, in addition to a collaboration with a major German corporation.
About the author
Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.
