In this article, I will be covering a few notable partnerships and persons involved with Fetch.ai. This article is not sponsored by Fetch.ai neither have I reached the team nor paid by any third party. This is entirely my own work!
Introduction
A little introduction — Based out of the United Kingdom, Fetch.ai seeks to improve efficiencies by integrating blockchain, data sharing, and AI technologies. It is developing technology at the convergence of artificial intelligence, blockchain, and machine learning technology. It aims to deliver autonomy to the blockchain, through collective learning, autonomous agents, and advanced cryptographic technologies. Backed by respected advisors, including individuals from the University of Oxford, the University of Cambridge, and more. The company was founded in March 2017.
Fetch.ai’s Open Economic Framework (OEF) was created to serve as a decentralized search and value exchange platform for a wide range of industries. Unlike other blockchain projects, Fetch.ai created its own blockchain from the ground up and utilizes smart ledger technology that can “reportedly support more than 30,000 transactions per second”. These capabilities show that Fetch.ai is looking to build a network that can support and continue to operate under mass adoption scenarios.
Some potential use cases for Fetch.ai, include:
Smart parking and traffic congestion management
Decentralized financial exchange
Electric vehicle infrastructure & e-mobility
Energy consumption
Transportation
Healthcare
Supply chain
While Fetch.ai’s potential application is widespread, the heart and soul of the project boils down to digital intelligence. This means being able to deliver actionable analytics & predictions, streamline processes, and improve efficiency & productivity.
Fetch.ai technology has the potential to revolutionize a multitude of industries, improving efficiency through optimization of existing systems. Enhancing and optimizing solutions to everyday problems through intelligent data sharing, machine learning, and AI.
Outlier Ventures
Let us begin with its funding and backing from Outlier Ventures who had previously funded the likes of Chainlink, Aragon, Cosmos, Ocean Protocol, Brave, Enigma.
They are also associated with Smart Dubai’s — Dubai Decentralized Data and three projects are going to play a major role Sovrin, Ocean Protocol and Fetch.ai
They also came up with something called convergence stack and many big names have already become a member of this alliance.
More on Convergence Stack here — https://outlierventures.io/the-convergence-stack/
Research Reports
Reports Intellect published this report not so long ago and covers the Autonomous Agents market growth and covered some top companies the likes of IBM, Amazon Web Services, Google, Microsoft, SAP, Oracle, Infosys, Intel, Salesforce and interestingly they also covered Fetch.ai
Technical Breakthrough Of The Blockchain Trilemma
Fetch.AI achieves consensus through a new approach as outlined in the picture below. Jonathan Ward says that this is a landmark development and they’re excited to see the consensus being implemented on their scalable ledger that can achieve a TPS of 30,000 on a single shard. Quite impressive!
Gartner Report
Fetch.ai got two honorable mentions in Gartner Reports -
“Hype Cycle for Blockchain Business, 2019” recognized Fetch.ai as a sample vendor in strategic Tokenization.
In addition, Fetch.ai was recognized as a multi-stack innovator in Gartner's “Seize the Technology Advantage With Combinatorial Digital Innovation” report.
Deutsche Telekom
Check the screenshots below, where Fetch.ai already has an MOU with Deutsche Telekom for building Autonomous Agents into the Internet of Things (IoT)
Grey Swan Digital -x- Bastug Metallurgy
Fetch.ai partnered with Grey Swan Digital, where its Autonomous Agent Technology will be utilized to build a decentralized derivative framework in order to offer ‘smart market-making’ and ‘smart margin lending’.
Also, A group of Turkish Steelmakers and traders, including Bastug Metallurgy have entered into an alliance with Fetch.ai to develop a decentralized, blockchain-based & AI-powered tokenized metals exchange. Grey Swan will also be a part of this consortium.
Testing is already underway, with an incremental rollout scheduled for early 2020. This perhaps could be pointing towards Mettalex which the Fetch.ai team had been working on!
Maria Minaricova
Special attention needs to be given to Maria Minaricova, The Head of Business Developments at Fetch.ai, Some of her other current positions are worth the mention:
Chair of The Board and Founding Member — Blockchain for Europe
Head Of Business Developments — Mettalex
Member of EU Observatory and Blockchain Forum
Mentor and Advisor & Member of Women in AI
Some of her past experiences include Oracle, SAP, and Pfizer!
Railway Industry Association
Fetch also joined the Railway Industry Association (RIA), the industry body that represents the interests of more than 230 suppliers to the UK rail industry to Network Rail, and will be developing technical strategies, standards, and innovation programs to improve how rail infrastructure will be managed.
“Partnering with the RIA is an important way to build relationships with the UK rail sector so that rail travel becomes quicker and easier for passengers, and also provides efficiency gains for operators,”
— Joshua Croft, the Fetch.ai’s ecosystem coordinator and software developer.
Recently they showcased a Decentralized Train Network Demo for UK Railways, showcasing the UI and how the use case fits into the wider Fetch.ai ecosystem.
Here’s the link https://www.youtube.com/watch?v=TGZ6AX-KqCk
CEO Toby Simpson & DeepMind
Toby was Head of Software design at DeepMind, which was eventually acquired by Google in 2014. His involvement with AI goes back a long way!
That’s it for now, hopefully, will cover more in the future :)
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