BlockchainBrad catches up with Fetch.AI CTO Toby Simpson. Toby explains in detail how FETCH adapts the world to you. But what is Fetch.AI? Well, Fetch.AI is a decentralised digital representation of the world in which autonomous software agents perform useful economic work. This means that they can perform tasks, such as delivering data or providing services, and are rewarded with a digital currency for their efforts — the Fetch.AI Token.
Fetch.AI is a decentralised digital world in which useful economic activity takes place. This activity is performed by Autonomous Agents. These are digital entities that can transact independently of human intervention and can represent themselves, devices, services or individuals. Agents can work alone or together to construct solutions to today’s complex problems.
Open Economic Framework
The digital world in which agents live is called the Open Economic Framework (OEF). This world acts as the ultimate value exchange dating agency: each agent sees a space optimised in real-time just for them, where important things are clear and visible and less important things are simply removed. The OEF provides the senses for agents: their sight, touch and hearing to present to them a world unique to the viewer.
Underpinning the digital world is the smart ledger: a new generation of learning ledger that provides a collective super-intelligence to support agents’ individual intelligences. It provides market intelligence, previously locked up in centralised silos, to everyone so that any agent that wants something is assured of the shortest possible route to find another that has it. Fetch.AI’s smart ledger scales to support millions of transactions per second and is able to restructure itself to present the OEF’s digital world to the agents that use it.
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3:50 What is Fetch, why Fetch?
12:30 On Ledger advanced processing
13:58 Consensus Mechanism
16:15 Useful Prof of Work
19:19 Open Economic Framework
23:16 Enterprise + Government Connections
26:30 Transforming data
27:54 Multi-Agent System
30:37 Fetch’s Connection to the Real World
35:55 Decentralised Wed of Data
40:32 Private networks & permissioned systems
41:17 Discussions with commercial partners
45:01 MainNet & TestNet
47:07 Readiness. is Fetch Ready?
48:07 Created from scratch
49:20 European Commission Connection
53:18 Public Sale 25th of Feb, 2019
54:48 Speculators + impact
55:50 Value correlations
56:59 Fetch Economic Model
1:06:40 Community Website
1:10:15 Raise, Presale, etc
1:11:50 Cash Out, lockup, runway
1:12:50 ICO plague
1:16:00 More on runway
1:17:18 Pubic Sale Plan
1:18:20 Outlier Ventures
1:22:28 Binance & launchpad coming
1:24:45 Binance Monopoly?
1:26:18 Binance Fees
1:35:26 Compliance & Law
1:44:43 Community Critique
1:50:46 Closing statement and summary
This was 100% free and I received no financial compensation for doing this video or anything related to FETCH.AI ever to date; not in fiat, tokens or any form on payment. Since several months ago, I decided to do only free content unless legitimate ambassadorships were involved. I believe that sponsored content is not a problem if disclosed, but this was NOT sponsored and there was absolutely no compensation received in any way, shape or form for this interview. For additional disclosure, I want to let you know that I have not invested in this project in the pre-sale. This is not Financial Advice.
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