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Web3 network peaq and AI automation platform Fetch.ai have released a multi-chain self-sovereign machine identity, which enables cross-chain data exchanges between connected blockchains via agent agents. Autonomous AIs.
In an attempt to counter major issues in the decentralized space, where blockchains by design are self-contained networks, Polkadot and Cosmos blockchains have developed native interoperability solutions to address this issue. Maria Minaricova, Director of Business Development at Fetch.ai, added:
“These interoperability solutions only work within their respective ecosystems. We take it to the next level and allow exchanges between ecosystems, not within ecosystems.
Broader interoperability associated with pseudonymous identifiers could enable significant anonymity between decentralized energy networks, autonomous vehicles, supply chain management and healthcare systems, etc., by leveraging multiple blockchains and information to greater efficiency and coordination.
peaq is part of the multi-channel Polkadot ecosystem, while Fetch.ai operates in the Cosmos IBC ecosystem, connecting to a decentralized address book on peaq. Both ecosystems can exchange data via multi-chain machine IDs, creating an autonomous agent when a machine ID is created on peaq.
The agent’s address and portfolio in the Cosmos ecosystem will be added to the address map on peaq. The agent can then collect all associated data by pinging the peaq blockchain, enabling cross-chain data exchanges between vehicles, robots and devices. Till Wendler, co-founder of peaq, said:
“Multi-string machine IDs are the first step towards (the future of Web3) and as such they open up unlimited opportunities for developers in both ecosystems.”
