Deutsche Telekom Collaborates with Fetch.ai to Promote AI and Blockchain Solutions
Deutsche Telekom has announced a collaboration with UK-based AI startup Fetch.ai to promote cutting-edge AI and blockchain solutions.
Promoting Open AI and Blockchain Platform
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.
About Fetch.ai’s Technology
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.
For example, AI agents could optimise production schedules based on supply chain data or match patients to clinical trials using health records.
The tamper-proof nature of blockchain also enables secure transmission and access to sensitive data.
Security and Validation
As a validator, Deutsche Telekom MMS will ensure network security as more devices, users, and services integrate with the Fetch.ai blockchain.
Built on the Cosmos protocol, Fetch.ai operates as a permissionless decentralised network with open-source code that is accessible globally.
Conclusion
The collaboration between Deutsche Telekom and Fetch.ai demonstrates the potential for blockchain to unlock AI’s potential by providing reliable, transparent data while AI can help securely analyse blockchain transactions.
This partnership signals real progress in integrating AI and Web3 innovations into the machine economy and lays the foundations for a decentralised Web3 internet that empowers user privacy and control.
FAQs
What is the purpose of the collaboration?
The purpose of the collaboration is to promote cutting-edge AI and blockchain solutions and support the development of an open AI and blockchain platform.
What are the benefits of blockchain for AI?
Blockchain provides a secure and transparent way for AI to access and analyse data, enabling AI to securely conduct transactions and manage data flows.
What is the significance of Fetch.ai’s technology?
Fetch.ai’s technology relies on autonomous software agents that can manage resources, conduct transactions, and analyse data flows independently, unlocking numerous real-world applications across various sectors.
What is the role of Deutsche Telekom MMS in the Fetch.ai network?
As a validator, Deutsche Telekom MMS will ensure network security as more devices, users, and services integrate with the Fetch.ai blockchain, validating transactions and maintaining the integrity of the network.
What are the next steps for the collaboration?
The collaboration will continue at one of Europe’s largest AI and IoT hackathons, Bosch Connected Experience, where Deutsche Telekom and Fetch.ai will work together to develop innovative solutions combining AI and blockchain.
