Technology
The Fetch.ai blockchain 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. This also allows the Fetch.ai network to also serve as a layer-2 network for legacy blockchain networks and as an interchain bridge to the outside world.
Technical Architecture - Fetch.ai
Transfer funds world-wide
As an autonomous machine-to-machine ecosystem, Fetch.ai’s Autonomous Economic Agents work as a network of independent parties and interact with each other directly via the Agent Communication Network.
Negotiation
- To perform their tasks, they connect and negotiate with one another. The process of autonomous economic agents finding, negotiating, and interacting with one another is all automated, and requires no user input. This further removes the reliance on intermediaries — thereby reducing costs.
Blockchain
- Any resulting agreements between agents are then processed on the Fetch.ai blockchain using FET. FET is the native token of the Fetch.ai blockchain and is the main medium of exchange to pay for transactions and can be used to pay agents for providing services. FET is also required to deploy new agents on the protocol and pay for their operations.
Incentives
- We solve the problem of traditional federated learning, how to incentives others to contribute to your model. We break down silos within your organization by creating new revenue streams for your vendors, customers, partner divisions, and partner organizations. Our reward system pays your stakeholders to contribute to your models to help you improve your products and operations.
Ready to dive in?Checkout Ecosystem
Today, the protocol is already being implemented on DeFi, Mobility, Supply Chain, and Travel Management solutions.
Ecosystem