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Friday, February 12, 2021

Autonomous Manufacturing Marketplace

Intriguing play here, will look into more details... pass them along and I will post an overview.

Fetch.ai partners with FESTO on decentralised manufacturing marketplace

AI blockchain startup Fetch.ai is partnering with industry veteran FESTO to launch a decentralised marketplace for manufacturing.

Fetch.ai is based in Cambridge, UK and has built an impressive team of talent with experience from DeepMind, Siemens, Sony, and a number of esteemed academic institutions. The company is working on decentralised autonomous “agents” which perform real-world tasks.

FESTO was founded in 1925 and currently produces and sells pneumatic and electrical control and drive technology. The company has continued to thrive over the years through consistent reinvention and likes to show off around once a year by developing bionic robots like its ‘flying fox’ which uses machine learning to optimise its flight behaviour with every manoeuvre:

The partnership with Fetch.ai is FESTO’s first foray into blockchain and shows how the company aims to remain at the cutting-edge of technological developments.

Fetch.ai will develop a decentralised manufacturing marketplace for FESTO to help transform the company’s existing control systems and make them more efficient.

Maria Minaricova, Director of Business Development at Fetch.ai, said:

“We are delighted to be able to announce a collaboration with such an advanced technology company like FESTO.

With FESTO’s contribution, we will be able to demonstrate in real life the benefits of autonomous AI agents in manufacturing and supply chain.

We look forward to working further with FESTO to bring about the wide adoption of these ground-breaking manufacturing innovations.”   .... '

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