Deutsche Telekom, a telecommunications provider, has announced a collaboration with the Fetch.ai Foundation.
The blog post states that the primary objective of collaboration is to further the creation of artificial intelligence (AI)-based solutions within 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 identify workable solutions are the mobility, industrial, and consumer goods sectors. MMS, a subsidiary of Deutsche Telekom, will serve as the Fetch.ai network’s validator.
Platform representatives point out that working with this business will guarantee the effectiveness and security of the network using artificial intelligence-based autonomous agents.
Furthermore, on February 28 and 29, 2024, in Berlin, MMS and the Fetch.ai Foundation will take part in the Bosch Connected Experience. An Internet of Things (IoT) hackathon will be hosted as part of the event to further the advancement of IoT technologies.
On the decentralized platform Fetch.ai, users may create and manage smart contracts and autonomous agents—machines capable of carrying out tasks and reaching conclusions using artificial intelligence (AI).
Apart from collaborating with a major German enterprise, the project declared that it had officially completed over 15 million transactions on the Fetch.ai Mainnet.