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Web3 community peaq and AI automation platform Fetch.ai launched a multichain Self-Sovereign Machine Identities, which allows cross-chain knowledge exchanges between linked blockchains through autonomous AI brokers.

In an try and counter main points within the decentralized house, the place blockchains, by design, are standalone networks, blockchains Polkadot and Cosmos have been growing native interoperability options to handle this concern. Maria Minaricova, director of enterprise growth at Fetch.ai, additional acknowledged:

“These interoperability options work solely inside their respective ecosystems. We take it a grade increased and allow exchanges between ecosystems, not inside ecosystems.”

Wider interoperability that comes with pseudonymous IDs may allow essential anonymity between decentralized power grids, autonomous automobiles, provide chain administration and healthcare methods and extra, leveraging a number of blockchains and knowledge for higher effectivity and coordination.

peaq is a part of the Polkadot multichain ecosystem, whereas Fetch.ai operates within the Cosmos IBC ecosystem, connecting to a decentralized handle guide on peaq. The 2 ecosystems can change knowledge through multichain Machine IDs, creating an autonomous agent when a Machine ID is created on peaq.

The agent’s handle and pockets within the Cosmos ecosystem can be added to the handle map on peaq. The agent can then acquire any related knowledge by pinging the peaq blockchain, enabling cross-chain knowledge exchanges between automobiles, robots and gadgets. Until Wendler, co-founder of peaq, acknowledged:

“The multi-chain Machine IDs are step one towards [the future of Web3], and as such, they open limitless alternatives earlier than builders in each ecosystems.”

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