Fetch.ai Integrates Chainlink Oracles Live on Mainnet

This strategic integration is step one in Fetch.ai’s adoption of Chainlink’s decentralized oracle community to attach Fetch.ai with worthwhile entry to real-world financial knowledge

Fetch.ai, a Cambridge-based artificial intelligence lab constructing an open-access decentralized machine learning community for sensible infrastructure, introduced that it has efficiently accomplished a mainnet integration of Chainlink, essentially the most broadly used decentralized oracle network. Fetch.ai is utilizing Chainlink’s market-leading Price Reference Data to permit customers to confirm the worth of property on-chain whereas additionally enhancing security towards worth manipulation.

Fetch.ai has constructed a decentralized community to create the infrastructure required for AI-driven autonomous software program brokers to carry out helpful financial work on behalf of people, companies, and organizations. This agent-based system creates an setting the place digital representatives of the economic system’s shifting elements, similar to knowledge, {hardware}, companies, individuals, and infrastructure, can perform complicated coordination duties inside the fashionable economic system.

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This worth reference knowledge integration marks step one in Fetch.ai’s adoption of Chainlink’s decentralized oracle community to attach Fetch.ai with worthwhile entry to real-world financial, foreign money, and commodity worth knowledge. It will additional improve the event and deployment of real-world purposes inside mobility, finance, logistics, and IoT ecosystems which depend on a decentralized oracle community to attach the bodily world with the digital world.

“By integrating Chainlink into the Fetch.ai network, we are taking the necessary steps needed to further couple real-world data with autonomous software,” continued Humayun Sheikh, CEO of Fetch.ai. This in turn will speed up the adoption of Fetch.ai autonomous software agents and provide the necessary information for them to communicate with sophistication in real-life scenarios.”

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“Any developer building on Fetch.ai will soon have access to smart contracts powered by tamper-proof market price data,” stated Daniel Kochis, Head of Business Development for Chainlink.”AI is an extremely highly effective know-how and correctly combining it with decentralized computation would require high-quality off-chain knowledge to set off on-chain logic, which is the precise drawback Chainlink solves.”

At inception, Chainlink’s Price Reference Data will probably be used to supply worth insights into Gold: USD and Silver: USD on Mettalex, a decentralized crypto and commodities derivatives buying and selling platform powered by Fetch.ai. Chainlink’s trustless, dependable knowledge feeds for inventory markets, cryptocurrencies, commodities, and gasoline costs can even allow adjoining markets to these presently in existence to floor.

“By referencing Chainlink’s price feeds on assets and commodities such as Gold and Silver we will be able to enhance the relationship between traders on Mettalex’s first of its kind commodities exchange,” continued Sheikh. “Not only will this provide a safeguard against price manipulation but it will also serve as a market reference for the changing prices of the worlds most traded commodities.”

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