Bosch Group, the global technology supplier, is teaming up with Fetch.ai to launch a multi-purpose blockchain network that can further advance Web 3.0 capabilities like artificial intelligence and the Internet of Things.
The blockchain network, which is in testnet until the end of February, seeks to bring distributed ledger technology to several industries. Specifically, the network is developing machine learning applications for blockchain governance, which can be applied to various use cases.
The testnet program was launched by Fetch.ai in Oct 2020, with Bosch Research’s Economy of Things team contributing to its development. Bosch’s participation will continue after the mainnet launch in March by running a node on the Fetch.ai network.
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Jonathan Ward, CTO of Fetch.ai, said his company has been working with Bosch for “some time,” highlighting the evolving nature of the research partnership. He described the project as a first public step in bringing “open, fair and transparent digital ecosystems” into the real world: