/biz/ - Business & Finance

Fetch.AI, a Cambridge-based technology startup, and Deutsche T-Mobile’s T-Labs have announced a memorandum of understanding (MoU), highlighting their continued desire to work together to create and deploy a possible economic Internet of the future.

The agreement will see T-Labs and Fetch.AI research, build and deploy autonomous economic agents on the Fetch.AI test network. They will look at how such agents can be built into Internet of Things (IoT) devices to provide them with the authority and autonomy to organize themselves free of human intervention.

T-Labs will continue their work with Fetch.AI removing the roadblocks from a seamless machine-to-machine economy. Their research and development crosses many fields, but focusses in areas such as digital identity, trusted environments for autonomous agents and developing the technologies necessary to seamlessly establish qualifications and capabilities. Additionally, they share a goal to use these kinds of innovations to optimize and grow high-performance networks of such devices and the infrastructure that provides them with data and communications.

T-Labs and Fetch.AI are members of the Trusted IoT Alliance (TIoTA), alongside other organizations such as Bosch and Siemens. This organization was formed to support the creation of an interoperable, scalable and trusted IoT ecosystem and to develop technology that can be deployed to make a positive impact on the world. T-Labs and Fetch.AI believe that autonomous economic agents, and an environment that connects them, are key foundation technologies in achieving this vision. They also recognize the importance of decentralized computing in providing scalable solutions to the network optimization and artificial intelligence that are needed to power such a system.