- Telekom becomes the first business partner of the Fetch.ai Foundation, securing the decentralized AI-enabled network.
- The cooperation between Telekom, Fetch.ai and Bosch integrates blockchain and IoT for industrial applications, marking a remarkable milestone.
The crypto sector has witnessed a major event in the city of Bonn, where Telekom subsidiary MMS has announced its collaboration with Bosch and Fetch.ai on the development and security of blockchain technology and artificial intelligence (AI).
Deutsche Telekom becomes the first business partner of the Fetch.ai Foundation, a press release obtained by BTC-ECHO reveals. Telekom subsidiary MMS will now act as a validator to secure Fetch.ai’s decentralized network, which relies on the use of AI for the development of a wide range of applications.
Telekom positions itself as a link between devices, people and the blockchain in this network, using autonomous AI-controlled agents. These agents have the ability to coordinate resources, perform business transactions, and analyze and evaluate traffic flows, among other functions.
This collaboration includes not only Telekom, but also industrial giant Bosch, highlighting the importance of integrating blockchain and IoT solutions in industrial applications.
A forward-looking partnership
The cooperation between Telekom, Fetch.ai and Bosch marks a highlight in combining industrial applications with the Internet of Things (IoT). Dirk Röder, Head of Blockchain at Telekom MMS, underlines the importance of this alliance by stating that they are opening up new possibilities in the field of technology.
In addition, new ideas are expected to emerge during the Bosch Connected Experience (BCX), the largest IoT event and AI hackathon in Europe, which will take place on February 28-29.
Unsurprisingly, Telekom continues to dabble in the crypto sector. In 2023, the telco closed several partnerships with prominent crypto projects, including Polygon and Energy Web .
These moves reflect the growing importance of blockchain technology and cryptocurrency in the global business arena.
Telekom’s foray into the blockchain and AI space through its collaboration with Bosch and Fetch.ai is a clear indicator of the growth and maturity of the crypto sector. The integration of emerging technologies such as blockchain and AI into industrial applications promises to transform the way we interact with technology and address the challenges of the modern world .
This step by Telekom not only opens up new business opportunities, but also drives innovation and technological development across the industry.
