Artificial Superintelligence Alliance

What is Fetch.ai?

Fetch.ai is a decentralized machine learning blockchain network designed to foster the autonomous evolution of the digital economy, eliminating the need for human intervention. This open-access platform interlinks devices and services with the Internet of Things (IoT) and accommodates the participation of diverse agents, including individuals.

The infrastructure provided by Fetch.ai facilitates the establishment of a decentralized digital economy powered by artificial intelligence. By connecting individuals, devices, and services, the network promotes data sharing and collaborative efforts. Within the Fetch.ai economy, there are suppliers and consumers, and it revolves around various agents and ecosystems tailored for distinct purposes and applications.

The Fetch.ai development team underscores the network's potential to revolutionize numerous industries and sectors. Leveraging AI capabilities, Fetch.ai offers solutions to everyday challenges through intelligent machine learning and data sharing. Among the sectors poised for optimization by Fetch.ai are smart cities, supply chains, transportation, smart parking, energy management, thermometer agents, smart homes, collective learning, and a multitude of other applications.

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Recent Video Interview

Main points of the interview:

• Fetch AI progresses with developer onboarding and platform development
• Fetch Compute introduced for GPU power accessibility
• AI integration and blockchain relevance in media and application development
• Emphasizes need for open, regulated AI application layer

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How Does Fetch.ai Work?

In crafting a sophisticated AI-driven autonomous economy, the Fetch.ai network relies on three key components: Autonomous Economic Agents, the Open Economic Framework, and the Fetch Smart Ledger. Together, these elements form the foundation of the network, harnessing the power of machine learning and AI.

Autonomous Economic Agents (AEAs) embody entities such as devices, services, organizations, and individuals, functioning on behalf of their counterparts within the network. These digital citizens within the Fetch.ai ecosystem possess the ability to learn from past experiences, thereby offering more efficient solutions and improving overall system performance through AI. Agents connect to data sources and hardware environments, leveraging the predictive capabilities inherent in the Fetch.ai system.

The Open Economic Framework serves as the network layer facilitating connectivity and optimal interaction among AEAs. This layer, supported by AI, stores all the data and information utilized by agents. Agents extract information from the Open Economic Framework, while nodes receive token-based rewards for mediating interactions between AEAs and the Open Economic Framework.

The Fetch Smart Ledger introduces an innovative blockchain structure that combines distributed ledger technology with a directed acyclic graph. It serves as the repository where all network transactions are gathered and processed through sharding.

Fetch.ai Team Background and Partnerships

Established in 2017, Fetch.ai originated from the collaborative efforts of a team based in Cambridge, UK. The project's co-founders include Toby Simpson, Humayun Sheikh, and Thomas Hain, each assuming pivotal roles as the COO, CEO, and Chief Science Officer, respectively.

The project's core concept was to develop an autonomous ecosystem capable of unifying individuals, organizations, devices, and services through a singular network driven by artificial intelligence and machine learning. This unique fusion of technologies empowers Fetch.ai to provide tools and solutions tailored for diverse use cases, contributing to the enhancement of various industries.

Some of Fetch.ai's notable partners are Bosch, SubQuery, ZoidPay, Resonate.social, Unicred, Indacoin, and e-sports organization Immortals.

Fetch.ai Project Development

The Fetch.ai Foundation unveiled its latest round of delegations recently, which introduced a novel category system featuring two classifications:

• Basic Delegations
• Advanced Delegations

The primary objective of this modification is to encourage community validators actively engaged in the ecosystem. 'Basic Delegations' represent an entry-level tier aimed at endorsing validators contributing significant value to the ecosystem. On the other hand, 'Advanced Delegations' are reserved for validators who not only actively participate but also surpass the efforts of other validators. The Foundation continuously assesses network validators, and these metrics will influence subsequent delegation rounds.