Deutsche Telekom has announced its partnership with the Fetch.ai Foundation, an organization founded by Bosch and Fetch.ai that aims to promote the development of AI and Web3 solutions. The telecommunications company has become the first corporate partner of the Fetch.ai Foundation.
The partnership also includes Deutsche Telekom subsidiary MMS, which will act as a validator for the Fetch.ai blockchain, a decentralized network. MMS’s role as a validator is critical to ensuring the security and efficiency of the Fetch.ai network, which uses AI-powered autonomous agents to streamline and secure transactions across industries including healthcare and automotive .
Built on the Cosmos infrastructure, Fetch.ai is an open source platform that enables the integration of blockchain and artificial intelligence, enabling revolutionary industrial applications. MMS, Fetch.ai and Bosch will participate in the Bosch Connected Experience (BCX) innovation event on February 28 and 29, with a hackathon aimed at promoting the development of IoT technologies. According to Fetch.ai’s announcement, BCX members will already be able to create new ideas using the Fetch.ai blockchain.
Image: The cryptonomist