AMA With Fetch.ai | Notum

Fetch.ai ($FET) connects machine learning ("ML"), artificial intelligence ("AI"), multi-agent systems, and decentralized ledger technology to build an economical internet. 

Fetch.ai network has software agents that represent their owners. These self-governing agents work to provide an optimized service across various ecosystems, bringing big profit to both suppliers and consumers. The Fetch.Ai framework aims to support billions of IoT devices to process seamless communication in an automated and secure way. Fetch.AI autonomous agents can manage searches, negotiate and trade knowledge, and share predictions and value. 

Some practical use cases are:

• enchansing trading for financial services 
• redesigning public transport networks
• making smart cities’ ability adaptable to a citizen behavior
• removing middlemen from the gig economy
• bridging energy networks to smart grids 

Essential elements are:

1. Almost autonomous system integration for numerous components of a complex system.
2. Flawless integration and use of ML/AI for decision-making process without being a guru of ML/AI techniques.
3. Collaborative intelligence between ML and human intelligence creates a harmonized AI model and improves decision-making processes.

Hope you enjoyed participating in this AMA session as much as we did. Frankly speaking, your questions were truly engaging and interesting to answer. Here are our best questioners and winners:

Q1 from @Roheeonic: Why Fetch team developed Etch programming language when there is Solidity which is widely adopted and already built up a huge developer’s community. What is the urgency of Etch?

A: Etch is the computer programming language we have created to write unique AI-powered smart contracts on the Fetch.ai ledger. It’s also the world’s first smart contract language to provide extensive support for machine learning tasks and advanced optimization, something the Fetch.ai ledger is designed to support to begin with. In addition, Solidity developers were supported with the creation of a web based transpiler that allowed them to convert solidity into Etch. However, as the project and the relevant infrastructure developed, we’ve turned to CosmWasm and Rust as the main platform and language for smart contract development. 

Q2 from @FaidUbed: What is the key milestone on your road map? What achievements have you made? Have they been realized? What can we expect? Do you want to talk about or draw attention to partnerships and short-term/long-term technology miles?

A: https://fetch-ai.network/roadmap/ a detailed view of the roadmap can be seen here. In terms of achievements: We’ve successfully rolled out our Mainnet and have gone through several updates to the broader technological stack with the purpose of enabling mass adoption of advanced AI agents – called Digital twins, on the blockchain. In principle, reaching the point at which large scale commercial applications such as: autonomous parking, autonomous booking, decentralized filesharing, decentralized deliver networks, smart cities, AI powered collective learning for cancer cell detection and more can successfully be rolled out is the most major milestone. The culmination of years of consistent development. In addition, a major non-technical milestone is the fostering of a growing and increasingly curious community of individuals who strive to understand the project and support us in our effort to democratize AI.

Q3 from @Raimundobtc: A team must feel passionate to take the project to great heights.

How many team members are there at the moment and how do they work together? Do you already have partnerships with other organizations? What are your biggest partners at the moment?

A: We’re currently a team of around 100 based in Cambridge-UK and Austin-USA but distributed across the world. Protocol designers, software engineers, software architects, technical writers, business developers and more, consistently collaborate to deliver solid results. We have multiple partnerships with companies such as: Bosch, Festo, the Catena-X automotive network, Deutsche Telekom, the Poznan Supercomputing and networking center and more. We’ve also recently enabled the IBC protocol allowing us to gain access to broader Cosmos ecosystem. Moreover, we’ve also entered a partnership with IOTA as well as multiple partnerships with smaller enterprises aimed at delivering practical blockchain based solutions across various business verticals. Finally, as a founding member of the Blockchain4Europe alliance and a member of the Trusted IOT Alliance we collaborate with other members with the goal of delivering distributed ledger based IOT solutions. 

Q4 from @HighLifeTeam: What is the first thing you would like people to think of when your project is mentioned to them?

A: We develop robust infrastructure and tools through which companies and individuals can maximize the positive impact they have on the world. 

Q5 from @per_2626: What are the benefits of holding your token as a long-term investment? Can you tell us about the motivation and benefits for investors to keep your token in the long run?

A: Investment decisions are a personal choice. With that being said what is unique about the FET token are its specific use cases as a unit of exchange between digital twins as well as an access deposit token that “fuels” those same digital twins. In other words, FET powers your digital twin which in turn executes useful economic work on your behalf across a decentralized privacy preserving ledger. Value creation and value add are therefore gained by the deployer of the digital twin, creating a positive feedback loop. More information about the utility of the coin can be found here: https://fetch-ai.network/publications.