British company Fetch.ai has announced that it is partnering with Bosch for a blockchain and AI-related IoT project.
Bosch is already working with Fetch.ai to launch a DLT that will be in the testing phase during February 2021.
This is a project that is defined as Artificial Intelligence of Things (AIoT) to create smart products that autonomously meet customer needs.
The CTO of Fetch.ai Jonathan Ward stated:
“We have been working with Bosch for some time towards our shared vision of building open, fair and transparent digital ecosystems. I’m delighted to be able to announce the first public step in bringing these technologies into the real world. We’re looking forward to working further with Bosch to bring about the wide adoption of these ground-breaking innovations, which will hugely benefit consumers and businesses in many industries including automotive, manufacturing and healthcare.”
The nodes for this DLT will be launched in March 2021 so as to go on mainnet after the testing phase. From what was stated in the press release, the project is well underway, as everything should be ready within a couple of months.
Alexander Poddey, one of the researchers for Bosch’s EoT project, explained.
“Our collaboration with Fetch.ai spans from the aspects of governance and orchestration of DLT based ecosystems, multi-agent technologies to collective learning. They share our belief that these elements are crucial to realising the economic, social and environmental benefits of IoT technologies”.
Bosch on blockchain
Back in April 2019, German giant Bosch had brought its refrigerators on blockchain for sustainable energy consumption.