BONN — Deutsche Telekom (ETR: DTE), a global leader in integrated telecommunications and Europe’s largest telecommunications provider by revenue, has announced a groundbreaking collaboration with the Fetch.ai Foundation, marking a significant milestone in advancing state-of-the-art AI and Web3 technologies within the Fetch.ai network. As the first corporate partner to join forces with the Fetch.ai Foundation, Deutsche Telekom aims to revolutionize industrial applications by leveraging AI-driven autonomous agents on the decentralized Fetch.ai blockchain, according to a press release published on EuropaWire.
Dirk Röder, Head of the Web3 Infrastructure & Solutions Team at Deutsche Telekom MMS, emphasized the transformative potential of this collaboration, foreseeing a paradigm shift in industrial applications within the Internet of Things (IoT) landscape. The integration of autonomous agents, AI, and blockchain technology promises to automate processes, simplify operations, and enhance security across various sectors, including healthcare, automotive, supply chain management, and digital identities.
The Fetch.ai blockchain, built on the Cosmos protocol, champions openness and accessibility, aligning with a commitment to open-source principles. This fusion of blockchain and AI heralds a new era of innovation, unlocking unprecedented possibilities and fostering collaborative development. By merging secure data transmission with AI capabilities, blockchain technology enriches AI functionality, facilitating informed decision-making and advancing a decentralized internet (Web3) that prioritizes user privacy and control.
Humayun Sheikh, CEO of Fetch.ai, highlighted the partnership’s significance in advancing real-world applications of agents, AI, and Web3 technologies, poised to enhance the existing network through research, development, and practical implementation. Deutsche Telekom MMS’s involvement at the Bosch Connected Experience (BCX) alongside Fetch.ai further underscores the partnership’s dedication to innovation and exploration in IoT and AI.
Peter Busch, Head of Distributed Ledger Technology Mobility at Bosch and Chair of the Board of the Fetch.ai Foundation, emphasized the synergistic collaboration between Bosch’s automotive expertise, Deutsche Telekom’s telecommunications infrastructure, and Fetch.ai’s technological prowess. Together, they share a collective vision to propel AI and Web3 technologies forward, driving transformative change in the digital landscape.
