Fetch.ai Partners With Iota On Data Control

The partners will open up many tangible use cases for artificial intelligence and data sharing like collaborative public administration.

As at the time of writing this news, the following information was gathered;

An official intelligence research company, Fetch.ai has partnered with Iota, a blockchain network, in order to control the data sharing environment for connected devices .

It was gathered that the granular control over data and reduction in the reliance on centralized systems that take advantage of data was the main aim for the alliance.

According to disclosure on Wednesday, the partnership will also encourage sectors like mobility, supply chain logistics, finance, healthcare, energy etc, to utilize automated data sharing across IOT networks. In addition, the tangle technology will help facilitate secure payments and communications between devices.

The partnerships which are directed on data privacy will ensure that stakeholders will benefit via autonomous economic agents without negotiating on data privacy.

The firm further explains that autonomous economic agents serve as artificial intelligence systems acting on an owner's interest, with limited or no interference, and with the stated goal of generating economic value for the owner.

Other important updates from the news include;

According to the research lab, the Iota partnership will come up with many tangible use cases for artificial intelligence and data sharing such as "collaborative public administration", where autonomous economic agents simplify the public administration process. The new partnership will also encourage "smart urban planning" by evaluating data streams breaking down data solidity and offering real-time solutions for urban populations.

In conclusion, to ensure pandemic management I.e a situation where autonomous economic agents provide real-time information on hotspots and community spread to be important as in the case of COVID-19.

During the 2017 bull market, Iota was recognized as one of the most hopeful Cryptocurrency as much attention has dematerialized over the MIOTA token's sharp drop in market rankings , but currently has gained more attraction following the launch of the NectarDevNot.

What are your thoughts on the partnership between Fetch.ai and Iota?