CommPRO Editorial Staff
Alpha Sigma Capital Research initiated coverage on Fetch.ai, a Cambridge-based artificial intelligence lab, which is building a decentralized machine learning platform based on a distributed ledger, that enables secure sharing, connection, and transactions based on any data globally.
Fetch.ai’s network is based around an open-source technology that can incorporate different blockchain and AI technologies and allows users the ability to connect to the network and gives them access to the power of AI on a world-scale secure dataset to carry out complex coordination tasks in the modern economy.
On this network a series of software agents called autonomous economic agents, acting independently of user input, represent and autonomously execute actions on behalf of their owners to achieve a prescribed goal. These autonomous economic agents work to provide an optimized service across a variety of ecosystems, to the benefit of both suppliers and consumers.
This system has wide potential in many areas. Financial services users can optimize trading, public transport networks could be reconfigured, cities could intelligently adapt to usage by their citizens, the gig economy could be restructured, and energy networks can be connected in a smart grid.
ASC Research utilizes fundamental research to uncover emerging blockchain companies that are successfully building their user base, demonstrating real-world uses for their decentralized ecosystems, and moving blockchain technology towards mass adoption.
*(Disclosure: Alpha Sigma Capital Fund, LP holds FET tokens in their portfolio.)
Source: Blockchain Wire