Fetch is a decentralised digital world in which useful economic activity takes place. This activity is performed by Autonomous Economic Agents (AEAs). These are digital entities that can transact independently of human intervention and can represent themselves, devices, services or individuals. Agents can work alone or together to construct solutions to today’s complex problems.
The digital world in which agents live is called the Open Economic Framework (OEF). This world acts as the ultimate value exchange dating agency: each agent sees a space optimised in real-time just for them, where important things are clear and visible and less important things are simply removed. The OEF provides the senses for agents: their sight, touch and hearing to present to them a world unique to the viewer.
Underpinning the digital world is the smart ledger: a new generation of learning ledger that provides a collective super-intelligence to support agents’ individual intelligences. It provides market intelligence, previously locked up in centralised silos, to everyone so that any agent that wants something is assured of the shortest possible route to find another that has it. Fetch’s smart ledger scales to support millions of transactions per second and is able to restructure itself to present the OEF’s digital world to the agents that use it.
Fetch will be providing a comprehensive SDK allowing the development of agents in languages such as C++ and Python as well as a set of frameworks to allow web developers to design, configure and author agents. Agents are able to explore the Fetch decentralised digital world looking for opportunities to deliver their value to others, or gather relevant value for themselves. Developing this next generation of economic agents is an opportunity for emerging and new economic models and Fetch will be supporting developers in this work.
Fetch’s world delivers a new market for data, information and services by providing them with “digital representatives”. These representatives, autonomous economic agents, set data free and bring it to life. Fetch supports such application through partnerships and corporate participation to enable existing resources to be deployed into the Fetch framework with the minimum of friction.
Corporates can interface their closed, internal networks to the Fetch network without exposing their proprietary IP.
Fetch nodes perform a unique, useful proof-of-work. This generates Fetch tokens that can be exchanged for utility value on the network, thus providing an incentive for operating a node. This “mining” is non-competitive and regardless of the processing power that you might have, there is a benefit from doing it. Additionally, a Fetch node is part of the digital world: by connecting, you provide a service to the network’s agents which creates further tokens for a node operator.