Nothing artificial about Fetch.ai
The Bosch partnership: Part 1 Mobility Solutions
An introduction to Fetch.ai
According to Fetch’s website, they are building “an open access, tokenized, decentralized machine learning network”. This machine learning network will enable smart infrastructure. Fetch.ai uses what they describe as autonomous agents. These agents can then carry out complex tasks depending on the user preferences. AI is a very diverse field and the addition of blockchain technology can make its usefulness 1000x more accessible to large and small enterprises alike to improve upon their efficiency.
Fetch and Bosch
Fetch.ai whose ticker symbol is FET, has recently made some head turning partnerships. One major partnership is with Bosch. Bosch has over 70 billion euros in revenue in 2019 and is the world's largest auto supplier in the world. There is quite likely that there are very few if any modern vehicles that exist without a Bosch part in its assembly. Bosch in addition to various auto part assemblies also has delved big time into software integration and is often the brain of the autonomous driving experience. Aside from automobiles, the Bosch Group is a leading supplier of technology services worldwide. According to Forbes, Bosch has four sectors that include: mobility solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. All of these sectors lend themselves well to the use cases and demo projects that Fetch has launched throughout their testnet. For this article lets focus on the mobility solutions.
Mobility Solutions
Bosch is making solutions to provide various energy-efficient powertrain solutions for individual mobility as well as freight traffic which are both trending towards more sustainable options. Although there is a huge trend lately towards electric vehicles Bosch is remaining steadfast in optimizing internal-combustion engines as well as innovation of electric drive systems.
Then there are the connected mobility solutions that are focusing on not just a vehicle's reaction to analog exterior factors but a connective communication of systems and services inside and outside of vehicles. Bosch describes this as intelligent mobility solutions and lends this use case very effectively to the autonomous agents deployed by the Fecth.ai blockchain. The sign agents, which is a part of a separate collaboration with T-systems demos traffic signs that can communicate with vehicles. This seems to give vehicles an digital reality as well as its analog sensors to provide an IoT (Internet of Things) communication layer where the vehicles and various IoT can create a digital reality that can determine location, functionality and availability in real time.
Speculation
This digital reality augmentation could possibly more accurately time routes and travel time prediction based on whether the light is going to be green or how long a signal will be red or even if a train will likely block your path. That last scenario is the result of my own summation of just one of the possibilities of the communication between lets say a FET powered Bosch mobility solution interacting with a FET powered T-systems smart-sign.
That is quite realistically just the tip of the iceberg of what Fetch.ai power solutions will be able to do with mobility solutions. In Munich, Germany they are conducting a smart city field trial by deploying autonomous parking agents to reduce traffic congestion and Co2 emissions. Interestingly Bosch recently developed and released the first fully automated valet parking system which also relives the time and energy consuming process of finding parking.
The Fetch.ai Main net will be launching March 31, 2021. It will be interesting to see what other projects they have in the pipeline.
Disclosure: I do own FET as 3% of my overall portfolio.
