Conflux Network and Fetch.ai Partner to Enable Global Commerce Powered by AI
This partnership paves the way for adoption of AI and cross chain interoperability among blockchain-based systems
Conflux Network, the only state endorsed public, permissionless blockchain project in China, has announced a partnership with Fetch.ai, a Cambridge-based artificial intelligence lab building an open-access decentralized machine learning network for smart infrastructure.
This partnership aims to propel the adoption of AI and machine learning in the blockchain sector by enabling the deployment of Fetch.ai’s machine learning technologies to bring seamless, cross-chain interoperability to its smart infrastructure on Conflux Network, which can achieve transaction speeds of up to 6400 transactions per second. Its EVM-compatible platform will ease interoperability across blockchains for any technologies developed on the Fetch.ai platform.
The deployment of Fetch.ai within the Conflux Network will allow Fetch.ai to scale its toolkit and improve user experience as a result of the network’s high-speed capabilities. It will also allow Fetch.ai to integrate their Autonomous Economic Agents (AEAs) with Conflux Network in order to efficiently deploy its AI Lego at scale. Conflux Network community members will be granted access to the Fetch.ai toolkit to integrate machine learning technologies into DApps created within the ecosystem to unlock new value for intelligent use cases ranging from decentralized finance (DeFi), supply chain, IoT, and mobility.
“Through this partnership with Conflux Network, Fetch.ai is one step closer to bringing multi-agent systems and machine learning to all chains,” said Humayun Sheikh, CEO of Fetch.ai.“We will continue to see an increased emphasis on interoperability within the blockchain sector, and look forward to leading that charge.”
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Fetch.ai’s infrastructure utilizes machine learning and AI tools to build decentralized digital economies. To guarantee the secure sharing of data and transactions, Fetch.ai’s open-access network provides access to powerful AI tools that help facilitate and collectively coordinate complex machine learning tasks for the modern economy. Through Fetch.ai’s technology, agents can be built, customized, and trained to securely acquire, analyze, and broker the exchange of digital data between constituents within finance, mobility, supply chains, IoT, healthcare, and commodities industries.
“We are very excited to partner with Fetch.ai and bring AI Legos to the Conflux ecosystem. Our partnership will help create a new world of decentralized commerce,” said Eden Dhaliwal, Global Managing Director at Conflux Network. “Fetch.ai’s autonomous agent tooling and multi-party computation helps bring decentralized machine learning to blockchains, which is a critical step towards creating intelligent digital economies. Bringing these AI Legos to Conflux Network will help create a new world of decentralized and intelligent commerce.”
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