Bosch Research and Fetch.ai are setting up the fetch.ai Foundation to research and commercialize web3 technologies in mobility, Industry 4.0 and smart homes.
Bosch is interested in the Economy of Things in which IoT and smart devices share data on a network, enabling autonomous decisions to be made. That could be an autonomous car deciding on the best parking space or negotiating an optimal deal for recharging an electric car.
Machine learning is needed to make these decisions, meaning data needs to be shared. Doing this in a privacy preserving manner often requires federated learning. That involves a device running a learning model locally and sending back a result without sharing the underlying private data.
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