Fetch.ai will be taking part in London Tech Week on 10th and 11th June in London.
reference Official FET Tweet:
FET Information
Fetch.ai's FET is a utility token that is the foundation for discovering, creating, deploying and training digital twins, and plays a key role in the smart contracts and oracles on the platform. FET enables users to build and deploy digital twins on the network. The token also gives developers access to machine learning utilities to train autonomous digital twins and deploy collective intelligence on the network. Additionally, validating nodes can stake FET tokens to facilitate network validation, increasing their reputation in the process.
Fetch.ai's technical architecture consists of four distinctive elements: The Digital Twin Framework provides modular components to help teams build digital twin marketplaces, skills, and intelligence. The Open Economic Framework provides digital twin search and discovery capabilities. The Digital Twin Metropolis is a collection of smart contracts that maintain an immutable record of agreements between digital twins on a WebAssembly (WASM) Virtual Machine. Finally, the Fetch.ai blockchain employs multi-party encryption and game theory to enable secure, censorship-resistant consensus and rapid chain synchronization to support digital twin applications.
One of the key components of the platform are the learners, with each participant representing their own private dataset and machine learning system. The global marketplace emerges as the outcome of collective learning experiments using machine learning models collectively trained by the learners. The Fetch.ai blockchain supports smart contracts, enabling secure and auditable coordination and governance. Finally, the platform includes a decentralized data layer based on IPFS, allowing the sharing of machine learning weights between all involved learners.
