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Global technology provider Bosch group and Fetch.AI have come together to roll out a blockchain network which can play a pivotal role in the development of next-generation Web 3.0 technologies like IoT and Artificial intelligence.

Two firms will collectively launch a blockchain network for advancing Web 3.0 tech in order to bring DLT to multiple industries.

Fetch.ai and Bosch Join Hands for Developing Blockchain and Web 3.0 tech

The engineering giant, Bosch, will use the Fetch.AI test net till the end of February and finally launch a node on its blockchain network. The strategic engineering project between the two firms aims to revolutionize the currently used digital technologies with the help of the distributed ledger technologies. Fetch.ai launched its testnet in October last year, and the mainnet is slated for release next month. The firm has also partnered with FESTO to launch a decentralized manufacturing marketplace. When the mainnet is launched, Bosch would run applications and nodes on the Fetch.ai blockchain network. As per the CTO of the Fetch.ai, the two firms are working together to build open-source, fair and transparent digital ecosystems. The step is to bring the upcoming Web 3.0 technologies to the real world.

He added, “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.”

Bosch’s Economy of Things project team is working with Fetch.ai for the development of the blockchain network. The research partnership intends to advance the Web 3.0 capabilities and aims to manifest DLT technology in various industries. Fetch.ai and Bosch want to develop advanced machine learning applications that can be implemented for various real-world use cases though blockchain governance.

Fetch.ai had also associated with Datarella for launching Smart City infrastructure solutions in Germany in November last year. The firm also partnered with Deutsche Telekom for IoT network. It is interesting to note that Bosch is committed to DLT technologies and has vested into several partnerships to advance its participation in the area. Bosch is interested in the Fetch.ai capabilities to promote large scale adoption of innovative technologies across various industries.

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