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Bosch joins hands with Fetch.ai to launch Blockchain Network

Bosch joins hands with Fetch.ai to launch Blockchain Network

The leading global technology supplier, Bosch Group, collaborates with Fetch.ai to introduce a multi-purpose blockchain network that can enhance Web 3.0 capabilities. It involves artificial intelligence and the Internet of Things. It attempts to bring distributed ledger technology to some industries as the network is in the testnet phase. Fetch.ai began the testnet program in October 2020, simultaneously with Bosch Research’s Economic of Things team’s development. They will proceed with the participation of the technology supplier after the mainnet launch in March.

Furthermore, Bosch will assess Fetch.ai’s collective learning technology as a fundamental enabler in their ideas for AI-enabled devices. The Artificial Intelligence and IOT initiatives will develop innovative products that autonomously satisfy businesses and customers’ requirements. The Fetch.ai collective learning system offers the means to enlighten AIs that function in these smart devices. Thus, supporting the user’s privacy and agency over their data.

Bosch and Fetch.ai’s Project will introduce open and fair digital ecosystems

The CTO of Fetch.ai, Jonathan Ward, unveiled that his company is functioning with Bosch for a significant time. He highlighted the developing nature of their partnership based on research. He discussed the project as a first public step in managing open and fair digital ecosystems in the digital world besides transparency. Discussing his company’s relationship with Bosch, he said they are excited to operate with Bosch and introduce wide adoption of these magnificent innovations. Moreover, it will benefit customers and businesses in various industries, including automotive, manufacturing, and healthcare.

Moreover, Bosch has issued various forward-facing content pieces on the socioeconomic advantages of blockchain technology. The company’s Chain Reaction series called blockchain a “fundamental infrastructure innovation” and a “key component of society in the future.” Fetch.ai has remained at the center of numerous popular alliances over the past two years. In Nov 2020, the company associated with solutions provider Datarella to start a “Smart City” infrastructure trial in Munich, Germany. Additionally, in May 2019, it cooperated with Deutsche Telekom to operate on a decentralized IoT network.

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