Deutsche Telekom has announced its partnership with the Fetch.ai Foundation, an organization co-founded by Bosch and Fetch.ai aimed at fostering the development of AI and Web3 solutions. The telecommunications company became the first corporate partner of the Fetch.ai Foundation.
The collaboration also includes Deutsche Telekom’s subsidiary MMS, which will act as a validator for the Fetch.ai blockchain, a decentralized network. MMS’s role as a validator is crucial for ensuring the security and efficiency of the Fetch.ai network, which leverages AI-driven autonomous agents to streamline and secure transactions across various sectors, including healthcare and automotive.
“The collaboration between Deutsche Telekom, Fetch.ai and Bosch is groundbreaking and combines industrial applications with the Internet of Things. Autonomous agents will automate industrial services, simplify processes and make them secure and scalable thanks to blockchain technology,” says Dirk Röder, Head of the Web3 Infrastructure & Solutions Team at Deutsche Telekom MMS.
Fetch.ai is built on Cosmos infrastructure and is an open-source platform that promotes the integration of blockchain and AI, enabling transformative industry applications.
“This partnership is a significant milestone for Fetch.ai. Through research, development and practical application of agents, AI and decentralized Web3 technologies, real-world use cases can be integrated to enhance the existing network,” says Humayun Sheikh, CEO of Fetch.ai.
MMS, Fetch.ai, and Bosch will be present at the innovation event Bosch Connected Experience (BCX), on February 28 and 29, which will have a hackathon aimed at fostering the growth of IoT technologies. According to the announcement made by Fetch.ai, BCX participants will already be able to create new ideas using the Fetch.ai blockchain.
“For Bosch, the collaboration with Deutsche Telekom is an important step in advancing the topic of AI and Web3.” In addition to Bosch’s automotive expertise, Deutsche Telekom is contributing its infrastructure and expertise as a telecommunications provider to the Fetch.ai Foundation,” concludes Peter Busch, Head of Distributed Ledger Technology Mobility at Bosch and Chair of the Board of the Fetch.ai Foundation.
