Telecommunications company Deutsche Telekom has announced a partnership with the Fetch.ai Foundation.

According to the blog post, the main goal of cooperation is to promote the development of technologies based on artificial intelligence (AI) in the Web3 industry.

Deutsche Telekom will become the first corporate partner of the organization, which was created in February 2023 by Bosch and the blockchain platform Fetch.ai. The foundation’s activities aim to find practical solutions in three areas: mobility, industry, and consumer goods.

Deutsche Telekom subsidiary MMS will act as a validator for the Fetch.ai network. Representatives of the platform note that cooperation with this company will ensure the security and efficiency of the network with autonomous agents based on artificial intelligence.

In addition, MMS and the Fetch.ai Foundation will participate in the Bosch Connected Experience in Berlin on Feb. 28 and 29, 2024. As part of the event, a hackathon will be held to promote the development of technologies in the field of the Internet of Things (IoT).

Fetch.ai is a decentralized platform with tools for creating and using smart contracts and autonomous agents that can perform tasks and make decisions based on artificial intelligence (AI). In addition to the partnership with a large German company, the project announced that it officially hit over 15 million transactions on the Fetch.ai Mainnet.