This technology is “brought together on the Fetch Network which can easily interconnect with other blockchain networks and provides blockchain based economic settlement.Q&A with Homeworld 3’s Karl Gryc, Part 3POSTED: Bosch is looking at Web3 technology stack as an enabler to achieve its strategic objective.”Īs covered, Fetch.ai has been “building infrastructure for the Web3 technology stack that will unlock new peer-to-peer (P2P) business models.”Īt its core this Infrastructure “includes a modular autonomous economic agent (AEA) technology with the goal to generate economic value for its organization / human / machine owner with limited to no interference from its owner and AI tooling that provides inferences to agents by supporting collaborative and privacy preserving machine learning (ML).”
Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.”Īs an IoT provider, Bosch explains it “offers innovative solutions for smart homes, Industry 4.0, and connected mobility.” Bosch is pursuing “a vision of mobility that is sustainable, safe, and exciting.”īosch’s strategic objective is “to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help.
More industry applications will also bring new business opportunities for the existing tech entrepreneurs in the Fetch.ai ecosystem”Īs noted in the update, Bosch claims it is “a leading global supplier of technology and services. Bosch will also help us fast track Web3 adoption in the industry and encourage other industry players to join us in this journey. “This is an exciting phase in Fetch.ai’s journey as we will see our Web3 tech products enabling real world industry applications with partners such as Bosch. Humayun Sheikh, Fetch.ai CEO & Founder said:
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In combining disrupting Web3, AI and Open Source technologies with the proven world class hardware and software capabilities of the classic engineering corporations, this foundation is the perfect endeavor at the right time – this gets even more exciting the more other partners will join,” “Bosch as one of the world wide leaders in industrial engineering and mobility solutions sees the huge need for smarter technologies and governance to cope with the challenges coming with ever more connected ecosystems regarding safety/security, privacy and data ownership. Peter Busch, Chairperson of the Fetch.ai Foundation, Bosch: The Foundation will “optimize the degree of influence on the evolution of its technology and ecosystem based on active contribution and participation from its members that can be assessed in terms of parameters such as provided liquidity, IP, code, and usage.”Īt inception, Bosch and Fetch.ai will “lead the Foundation’s management board and look to expand it with other key participants from the industry.” Right from the start, the Fetch.ai Foundation will organically “evolve by imbibing and adopting its core tenets and design goals to encourage participant growth and contributions from new participants.”īosch and Fetch.ai are fully committed “to make the Foundation and its ecosystem sustainable and independent by getting new participants to join the management board and in the future electing new management board members as per the provisions in the Foundations articles and by-laws.” The Foundation’s design is “inspired by the Linux Foundation that has shown how decentralized innovation can be achieved at scale while embracing open source technologies and ecosystems.”Īn important design goal for the foundation is “to achieve technology pooling such that it can survive independent of the individual foundation participant’s engagement, while also providing influence and clout to those who contribute and depend on the viability of its ecosystem.”
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