Deutsche Telekom joins as a corporate partner with Bosch and Fetch.ai, a Web3 platform for the new AI economy, focused on providing automated services with blockchain technology. The German tech giant has announced it will act as a validator for Fetch.ai’s decentralized blockchain through its Web3 division.
In a thread on X, Fetch.ai explains that the Fetch Foundation was created between Fetch.ai and Bosch to promote cutting-edge AI and Web3 technologies on the Fetch.ai network. “With Telekom joining us, we can combine industrial applications with IoT to provide more practical use cases,” it says. The partnership will allow Telekom to participate alongside Fetch.ai and Bosch in one of Europe’s most significant IoT + AI hackathons: “Bosch ConnectedExperience,” taking place on February 28th and 29th.
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Deutsche Telekom states that the Fetch.ai Foundation promotes cutting-edge Web3 and AI technologies on the Fetch.ai network. The aim is to promote an open and accessible platform for a wide user base. The Fetch.ai Foundation was founded by Bosch and Fetch.ai in the Netherlands.
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The telecom company asserts its key position as a validator, ensuring network security during the integration of devices, individuals, and services on the blockchain. The core of this technology is based on AI-driven autonomous agents that manage resources, perform transactions, and analyze traffic flows. Currently, Fetch.ai services are applied in healthcare, automotive, supply chain management, and digital identities.
Industry Transformation
The German company ensures that the convergence of blockchain and AI is leading a significant shift driving industry transformation.
“Blockchain technology ensures secure and transparent data storage and transmission, enhancing AI capabilities by providing access to reliable datasets. AI can leverage blockchain to analyze transactions and make informed decisions. Web3 enables these technologies to build a decentralized internet, giving users greater privacy and control,” Deutsche Telekom states.
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Internet of Things
Dirk Röder from Deutsche Telekom MMS ensures that collaboration with Fetch.ai and Bosch combines industrial applications with the Internet of Things. “Autonomous agents will automate industrial services, streamline processes, and make them secure and scalable thanks to blockchain technology,” he says. The Fetch.ai blockchain is built on the Cosmos protocol and operates as an open-source platform, allowing global access to its source code.