The leading AI and digital economics company, Fetch.ai, based in Cambridge, UK, has made an important announcement regarding its partnership with the 0Chain network. The company builds an open access, tokenized, and decentralized machine learning (ML) network to enable a smart infrastructure built on a decentralized digital economy. For this, it needs reliable data source feeds that can give access to the various AI tools. The partnership is aimed to provide decentralized data storage solutions, and reliable data feeds to the newly created Fetch.ai dApps.
Besides providing organizations, a decentralized cloud storage solution that is secure, 0Chain also ensures blockchain-as-a-service solutions to these organizations seeking the blockchain network’s benefits. With the help of 0Chain’s decentralized data storage solutions, Fetch.ai will be able to fetch its autonomous agents across various platforms.
Talking about Fetch.ai’s partnership with the 0Chain network and how this partnership will help Fetch.ai to unlock new services, Toby Simpson, the co-founder of Fetch.ai, said,
After the V2.0 mainnet launch of Fetch.ai in March 2021, this partnership will help Fetch.ai explore new options over its web 3.0 ecosystem powered by the native token of Fetch.ai. With this integration, the Autonomous Economic Agents of Fetch.ai will gain access to reliable data sources or feeds for various markets, which is a severe problem that most AI companies face nowadays because of any data breach in the network, irrespective of where it occurs, become an intimidation to the entire network.
This problem will be solved by 0Chain. It has a single data repository with fixed ledger entries, which will help AI companies provide services to bigger organizations like one can lower the risk of a data breach.
Thus, instead of storing data on the cloud, AI companies can now store data in 0Chain, thereby making their blockchain-based AI and machine learning (ML) solutions accessible across various DLT (distributed ledger technology) networks.