Fetch.ai (FET)

Overview Fetch.ai (FET)

Fetch.ai is a technology company and platform designed for the AI economy. It offers tools to build, deploy, and monetize AI services. The platform enables the transformation of legacy systems for AI readiness without altering existing APIs and facilitates the discovery of services on an AI Agent network. Fetch.ai also connects multiple integrations to create new services and allows users to access these services through a single prompt.

History

Fetch.ai, the artificial intelligence lab developing the Fetch.AI platform was founded in 2017 and launched via IEO on Binance in March 2019. The Fetch.AI mainnet went live in Jan 2020. The Cambridge-based artificial intelligence lab is building AI for blockchains.

Fetch.AI is an open-source decentralized machine learning platform based on a distributed ledger that provides users access to AI in the format of secure datasets.

On the Fetch.ai network, a series of software agents represent and act on behalf of their owners. These autonomous agents work to provide an optimized service across a variety of ecosystems, benefitting both suppliers and consumers. The Fetch.Ai framework aims to support billions of IoT devices to facilitate seamless communication in an automated and secure manner. Fetch.AI autonomous agents have the ability to conduct searches, negotiate and trade knowledge, and share both predictions and value.

The early use cases Fetch.ai is targeting include:

• Optimizing trading for financial services users
• Reconfiguring public transport networks
• Supporting smart cities’ ability to adapt to citizen behavior
• Disintermediate the gig economy to remove middlemen
• Connecting energy networks to smart grids By decentralizing access to data, Fetch.ai hopes to distribute the power of existing data monopolies. Fetch.ai’s framework is optimized via autonomous agents that categorize data semantically, geographically, or by economic features. Fetch.ai’s permissionless network enables anyone to share or exchange information via autonomous agents.