Fetch.AI, founded in 2017 and launched on Binance in March 2019, is an innovative platform combining artificial intelligence with blockchain technology. It aims to create an open, decentralized machine learning network accessible to all.
Key Features:
- Permissionless network allowing anyone to connect and access secure datasets
- Utilizes autonomous AI for task execution across a global data network
- Applications in various sectors: DeFi, transportation, energy, travel, and more
Founders:
- Humayun Sheikh (current CEO)
- Toby Simpson (former COO, now Advisory Board member)
- Thomas Hain (former Chief Science Officer)
Unique Aspects:
1. FET token: Used for creating and deploying digital twins, accessing machine learning utilities, and network validation
2. Technology stack:
- Digital Twin Framework
- Open Economic Framework
- Digital Twin Metropolis
- Fetch.ai Blockchain
Core Components:
- Learner: Represents individual participants with private datasets and ML systems
- Global Market: Collective learning experiment result
- Fetch.ai Blockchain: Supports smart contracts for coordination and governance
- Decentralized Data Layer: Enables sharing of machine learning weights among learners
Fetch.AI’s innovative approach aims to democratize AI technology, making it accessible and applicable across various industries and use cases.
