Thread by @spacetravelle20

1/25 Why is Fetch.ai destined to become one of the future leading blockchain ecosystems of the world?

In this thread, I will take you on a journey and explain the revolutionary $FET ledger driven by the power of decentralised AI and Autonomous Economic Agents🤖⚡️

2/25 You still with me? Alright, lets begin with the basics:

There are many different blockchains such as Bitcoin and Ethereum. They all have a different technological focus. $BTC is digital gold due to its scarcity while $ETH is a chain to program smart contracts.

3/25 Now, Fetch has built its own #blockchain combining its mainnet with the power of #AI, and that is where the magic happens: this is the birth of decentralised Artificial Intelligence

4/25 This opens the gate to a mysterious world whose power and potential people yet are not aware of $FET 👀💡

The beginning of a new era.

5/25 Shortly after Fetch brought the worlds first AI-Blockchain to life, tech giants such as BOSCH and Festo started building on the Fetch ledger, tapping the power of the legendary Autonomous Economic Agents (AEAs) - the heart of the revolutionary $FET AI-Blockchain. 🤖🔥

6/25 But wait.. autonomous what!?

Let me elaborate, because this concept is as new as powerful:

Autonomous Agents are digital organisms on the Fetch blockchain that act on behalf of their owners (could be you!) and perform work to save time or make money while you sleep. 👀💡

7/25 In a way, you could describe #Autonomous #Agents as intelligent programs that solve difficult problems - and work ultra efficiently and reliably. ⚡️

They are the "inhabitants" of the Fetch blockchain, always optimising and performing work for companies that use them. $FET

8/25 Ok that sounds awesome but what has that got to do with AI? #ArtificiallIntelligence

Autonomous Agents are intelligent programs, remember? That means they can learn and SHARE knowledge with other agents in real time via machine learning algorithms. 🔥

9/25 that means they can make their own decisions - forming a collective super-intelligence. 🔥

This is the birth of the "Autonomy of Things", #BOSCH is using these agents today to build the tech of tomorrow. This is why Fetch is on the path to large scale adoption. 🌊

10/25 Alright that sounds as futuristic as it can get but what about a practical real world example of those #Agents?

get your popcorn ready ladies and gentlemen.

11/25 We live in a world that is facing various issues. some truly challenging. Fetchs AI-Blockchain is going to solve many. some real big. 💡

we are one world and must solve them together if we are to survive as mankind.🌍

Now, lets take #climate change as an example, okey?

12/25 So how can Autonomous Agents #AEA help in the reduction of CO2?

(which is the main driver of the #Greenhouse Effect that accelerates global warming as CO2 molecules in the atmosphere reflect sunrays back to the Earths surface, making it an oven)

13/25 First, let's analyse the large scale problem that our Autonomous Agents must solve and are up against:

We have countless cities all over the world that suffer from congestion, long traffic jams - and these lead to a massive excess in CO2 emissions #greenhousegas

14/25 Our cities thereby become hubs of air pollution and #greenhousegas

This is a massive worldwide problem that NOBODY has solved so far. but, it is one essential "block" that must be solved in our endeavours to solve #Climatechange

15/25 Also, people spend countless hours daily driving around buildings searching for a parking spot - which increases the problem of congestion, CO2 and traffic jams. It's a vicious cycle that we are in

Alright - now that we have analysed the problem, what's the solution? $FET

16/25 The solution can be achieved via Fetchs decentralised multi-agent-system.

This is what BOSCH is building with them - to deliver it to all their partners such as BMW, VW, Daimler etc.

One solution that is ready TODAY is: #DeepParking ⚡️💡

17/25 So imagine all the cars in a city were managed and represented each by a digital twin on the Fetch ledger - an Autonomous Economic Agent.

All these agents can communicate with each other - in real time via the Fetch Blockchain!🤖

Now this is where the magic becomes real.

18/25 If you now want to park your car, you do not endlessly search in hope to find a space, clogging up traffic

you tell your agent that you want to park and it will show you the nearest free spot, reserve it for you by telling other agents that it's yours and guide you there

19/25 It will then, after parking, even measure the time you were gone and take care of the parking ticket payment, doing that autonomously for you too. saving you even more time. 👀💪

Time is the most valuable resource we as humans have. AEA's help you save countless hours 🤖

20/25 This single solution alone will save millions of tons of CO2 emissions and help tackling climate change. It's a huge puzzle with many pieces, remember.

Now, each time an agent performs work, it needs $FET - the gas token inside the #FetchAI blockchain. 🔥🚀

21/25 BOSCH has said that by 2025, there will already be several millions of cars equipped with this #DeepParking solution.

and each of them will require $FET, on a daily basis.

This, sirs and ladies, is network driven token demand powered by real world utility. 💡⚡️🌊

22/25 it is one of the reasons why the price of the $FET token will 🚀

Now, the culmination of this technology is its insane networking power that comes with the revolutionary Catena-X automotive network - a cooperation where Fetch is working with the tech giants of this world.

23/25 And now we can answer why this must be decentralised:

BOSCH wants to roll out Fetchs tech to their partners like BMW, Daimler and VW - but this can only work if there is no centralised middleman who has power over all the data! And this can ONLY be achieved via Blockchain.

24/25 This is why Fetch was invited to the Catena-X consortium - so that all these companies can collaborate on #DeepParking and other solutions, because it is a win-win for all of them, and Fetch is making it possible via the first decentralised multi-agent-system in the world

25/25 The future is here, and BOSCH has just shown the #DeepParking dApp to Ford in the US 👀😱

Fetch has the ultimate real world utility and is on its path to becoming one of the most important players in solving the problems of the future

enjoy the ride ⚡️🚀🌎