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 collaboration 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 a variety of sectors, including healthcare and automotive.
Fetch.ai is built on the Cosmos infrastructure and is an open source platform that facilitates the integration of blockchain and artificial intelligence, enabling the creation of revolutionary industry applications. MMS, Fetch.ai and Bosch will take part in the Bosch Connected Experience (BCX) innovation event on February 28 and 29, which will feature 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