• [email protected]
  • Mon - Fri: 9:00 - 18:30 GMT
Search
Rss Facebook Icon TwitterCreated with Sketch. LinkedinCreated with Sketch.
bitcoin pr buzz logo
  • HOME
  • OUR SERVICES
    • BITCOIN PRESS RELEASE SERVICE
    • SUBMIT YOUR BITCOIN PRESS RELEASE
  • LATEST PRESS RELEASES
  • FREE CONSULTATION
  • OUR TEAM
  • ABOUT US
    • ABOUT
    • CAREERS
  • RESELLER
Menu
  • HOME
  • OUR SERVICES
    • BITCOIN PRESS RELEASE SERVICE
    • SUBMIT YOUR BITCOIN PRESS RELEASE
  • LATEST PRESS RELEASES
  • FREE CONSULTATION
  • OUR TEAM
  • ABOUT US
    • ABOUT
    • CAREERS
  • RESELLER

Fetch.ai to Launch Blockchain for Complex Machine Learning after Securing $6 Million in Funds

  • January 13, 2020
  • Bitcoin Press Release
fetch.ai Press Release

Bitcoin Press Release: Following its successful mainnet launch last month, Fetch.AI boasts an AI-powered blockchain for complex machine learning, opening new possibilities for multiple markets. 

13 January 2020, Cambridge – Time is often labeled as our most valuable resource and savings help us to become time rich. This mentality is regularly applied to modern business strategies and increasingly so to our personal lives too. Despite these individual efforts, the final result hinges largely on the personal choices of other individuals, and companies whom we interact with on various timescales.

This impact on our lives by multiple human factors has led to a huge interest in AI development with the intention of addressing these issues using machine intellect, which can process and store data in the blink of an eye.

Today AI platforms exist for trading, advertising, and other digital applications. All are created to benefit aspects of everyday life, but many are conceived without consideration for everyday processes, or the economic possibilities of AI and machine learning technology.

Enter Fetch.ai

After gaining public support from leading exchange Binance in 2018, Fetch.ai successfully raised $6m on Binance Launchpad. Fetch.ai’s mainnet launched, on schedule, in December 2019.

Fetch.ai’s decentralized network focuses on the benefits of machine learning, and can be used by a company or individual to create and maintain Autonomous Economic Agents (AEAs or agents for short). Agents use a combination of machine learning and artificial intelligence to operate fully autonomously and provide its users with economic value – either by accessing relevant information, or by selling data generated by the user.

For example, Fetch.ai agents could be used to analyze transport routes, the availability of parking lots, or to locate the nearest availability of a specific product based on their user preferences. This could all be achieved without sharing or storing private data.

Humayun Sheikh, Fetch.ai CEO and Co-Founder had these words to say about the platform:

“Our focus is on enhancing and optimizing solutions to everyday problems through intelligent data sharing; creating value by combining knowledge, insights and predictions using machine learning and AI.

We are delivering an innovative platform with open source tools for intelligent communication between IoT devices, services and algorithms to enable collective learning. Built on a high throughput sharded ledger, the Fetch.ai architecture delivers a unique smart contract capability to deploy ML/AI solutions for decentralized problem solving. 

The open source tools allow users to create diverse eco-structures (ecosystem infrastructures) and deploy new commercial models.” 

Fetch.ai’s technology allows individuals and companies to create their own agent-based applications to suit their needs. These applications collect and analyze relevant data for a stated purpose, learning from the data, and providing users with predictions and opportunities.

FET – Fuel for Fetch.ai

FET is the native currency of the Fetch.ai platform and functions as the fuel for the network. It provides the power for agents to work on the network and for micropayments to be made between agents.

Here is what the team said about their upcoming goals:

“In the coming weeks we will be unveiling more tools to enable developers to build and deploy agents on the Fetch.ai network. This will include our token conversion tool, which will enable users to convert tokens back to ERC20 from native FET. We’ll also be delivering hardware wallet support and web-based extensions. 

In terms of commercial growth, we are just starting – there is a lot more to come in terms of partnerships and use cases. Watch this space!”

A small stake of FET can now be used to work on the Fetch.ai network, which can be utilized to create applications and solve a variety of complex issues. These include:

  • Transport and infrastructure predictions for traffic analysis and predictions, ticket availability, parking spaces, optimized routes etc.
  • Energy companies will be able to offer discount incentives for energy consumed in troughs in demand, creating a new dynamic marketplace. Consumers will automatically receive the best deal as their agents manage their consumption based on their preferences
  • Analytical tools for various trading marketplaces
  • The recharging of eVehicles
  • Decentralized finance systems
  • Intelligent autonomous supply chains
  • Smart homes or cities

Practically any area of business and everyday processes will be enhanced by Fetch.ai’s combination of blockchain, AI and machine learning.

To learn more about Fetch.ai please visit: https://fetch.ai/
Chat about Fetch.ai on Telegram: https://t.me/fetch_ai
Follow Fetch.ai on Twitter: https://twitter.com/fetch_ai?lang=en
Meet the team on LinkedIn: https://www.linkedin.com/company/fetch-ai/
Read about Fetch.ai on Medium: https://medium.com/fetch-ai

Media Contact Details
Contact name: Chris Atkin
Email: [email protected]

Fetch.ai is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

About Bitcoin PR Buzz – Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR Buzz

You found our newsletter subscription!

Did you know that less than 10% of website visitors ever make it all the way to the page end?!

bitcoin pr buzz logo

Blockchain enthusiasts from the start. We have over 7 years experience in Bitcoin marketing specifically: leveraging our unique expertise, partnerships and experience we bring you the most refined, effective, and value for money Bitcoin marketing and Bitcoin press release service to be found.

Please Note:

Press releases are for informational purposes only. The information does not constitute investment advice or an endorsement by Bitcoin PR Buzz. Bitcoin PR Buzz does not certify the accuracy of the information in press releases published on this website.

Issuers of Press Releases, and not Bitcoin PR Buzz, are solely responsible for the content of press releases, and the accuracy of the content in press releases.

Quick Links

  • Press Release Services
  • Submit Press Release
  • Latest Press Release
  • Social Media Service
  • Copywriting
  • About
  • Careers
  • Terms & Conditions
  • GDPR
  • Token Sale Press Release Policy
  • INC verified
Rss Facebook-f Twitter Linkedin

Coins Accepted Here

bprb
Bitcoin News Banner

© 2021 Fintech PR LTD

Welcome to Bitcoin PR Buzz!

Your privacy is immensely important to us and we do our best to safeguard your data. We use cookies to improve your experience and to improve our services. We comply with the EU General Data Protection Regulation act also known as GDPR. We wish you a pleasant stay at bitcoinprbuzz.com, if you have any questions please feel free to chat with us below or email [email protected]

I ConsentCookie settings I need more information
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

  • →
  • Contact Us

    Contact Form

  • Telegram