Bosch Group – international tech supplying entity – has reportedly formed an alliance with Fetch.ai, to roll out a multi-purpose blockchain network, which can develop the scope of Web 3.0 capabilities. 

Specifically, The blockchain network – functioning as a testnet till February concludes – reportedly has a primary goal of helping sectors tap into DLT, nominally artificial intelligence and the Internet of Things. 

Particularly, the network is reportedly designing machine learning applications dedicated to blockchain governance, applicable across numerous use cases. 

Fetch.ai reportedly released the testnet program in October last year,  with Bosch Research’s Economy of Things team making some contributions to the creation process. 

Bosch will reportedly maintain its participation after the release of the mainnet occurred in March, via operating a node based on the Fetch.ai network.

Jonathan Ward, CTO of Fetch.ai, reportedly shared that his firm has been collaborating with Bosch for quite a while now, primarily revolves around the way the alliance has evolved. 

From his personal point of view, the project is reportedly a public baby step towards establishing “open, fair and transparent digital ecosystems” into the real world. 

“We’re looking forward to working further with Bosch to bring about the wide adoption of these ground-breaking innovations, which will hugely benefit consumers and businesses in many industries including automotive, manufacturing, and healthcare.”

“Our collaboration with Fetch.ai spans from the aspects governance and orchestration of DLT based ecosystems, multi-agent technologies to collective learning.” Dr. Alexander Poddey, a lead researcher on the Economy of Things project, further remarked.