TechFlow news — German engineering giant Bosch has formed a new partnership with Fetch.ai to establish a new Web3 foundation — the Fetch.ai Foundation — aimed at researching, developing, and applying Web3 technologies to real-world use cases across mobility, industry, and consumer sectors.
The Fetch.ai Foundation will be built upon core principles of transparency, openness, neutrality, and data and technological sovereignty. Initially, Bosch and Fetch.ai will lead the foundation's governing board and seek to expand the foundation by collaborating with other major industry players.
Notably, Bosch is a global leader in technology and services, operating across four business divisions: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Its strategic goal is to advance connected living through products and solutions that incorporate artificial intelligence (AI) or are developed or manufactured with AI assistance, viewing the Web3 technology stack as an enabler for achieving this objective. [Original link](https://medium.com/fetch-ai/fetch-ai-partners-with-bosch-to-form-a-foundation-to-promote-industrial-applications-using-web3-58b11ba70871)
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