Fetch.ai Simply Explained | Blockchain AI
Do you wonder what Fetch.ai is?
Fetch.ai is delivering AI to the crypto economy. Digital Twins, powered by artificial intelligence, can provide automation across data-intensive industries like supply chain, healthcare, travel, and DeFi and serve the needs of a single user or aggregate millions of data points for on-chain oracles.
Founded in 2017 and launched via IEO on Binance in March 2019, Fetch.AI is an artificial intelligence (AI) lab building an open, permissionless, decentralized machine learning network with a crypto economy. Fetch.ai democratizes access to AI technology with a permissionless network upon which anyone can connect and access secure datasets by using autonomous AI to execute tasks that leverage its global network of data. The Fetch.AI model is rooted in use cases like optimizing DeFi trading services, transportation networks (parking, micromobility), smart energy grids, and travel — essentially any complex digital system that relies on large-scale datasets. The Fetch.ai network is an interchain protocol, based on the Cosmos-SDK, and uses a high-performance WASM-based smart contract language (Cosmwasm) to allow advanced cryptography and machine learning logic to be implemented on chain.