Deutsche Telekom Unit to Cooperate With Binance-Listed Project on Autonomous IoT Network

A unit of German telecom giant Deutsche Telekom will work with Binance-listed project Fetch.

AI to develop decentralized IoT network innovations, according to a press release shared with Cointelegraph on May 22.

AI, a Cambridge-based tech startup, has signed a memorandum of understanding with Deutsche Telekom's T-Labs to build and implement autonomous agents on the Fetch.

AI test network in order to integrate them into Internet of Things device communications.

The new partnership intends to find out how AEAs can be incorporated into IoT devices in order to provide them with the authority and autonomy to operate with no need for human involvement, the press release notes.

In an email to Cointelegraph, Humayun Sheikh, the CEO of Fetch.

According to Sheikh, the concrete goals of the cooperation include creating a modular framework that allows T-Labs to deploy services using the Fetch tech and using machine learning in terms of decentralized electric scooter deployment.

AI and T-Labs are members of blockchain-powered IoT consortium Trusted IoT Alliance, which reportedly includes major global tech companies such as Bosch and Siemens, according to the press release.

Deutsche Telekom, the world's fifth largest telecoms firm, partnered with South Korea's largest wireless carrier, SK Telecom to deliver a blockchain-enabled mobile identification solution.

Recently, Cointelegraph reported that major South Korean electronics giant Samsung plans to incorporate crypto and blockchain features to its budget smartphones, including cooperation with telecom companies to provide a blockchain-powered mobile identification cards and local currencies.