Fetch.ai integrates Chainlink price feeds for powering its digital economy

As the most widely used decentralized oracle network, Chainlink's Price Reference Data allows users to verify the price of assets on-chain while also enhancing security against price manipulation.

Ai's network is based around open-source technology and gives users access to the power of AI on a world-scale secure dataset to carry out complex coordination tasks in the modern economy.

Such an "Agent-based system" creates an environment where digital representatives of the economy's moving parts, such as data, hardware, services, people, and infrastructure, can carry out complex coordination tasks within the modern economy, said Fetch.

The price reference data integration marks the first step in Fetch.

Ai's adoption of Chainlink's decentralized oracle network to connect Fetch.

Ai with valuable access to real-world economic, currency, and commodity price data.

Upcoming developments include the enhancement, development, and deployment of real-world applications within mobility, finance, logistics, and IoT ecosystems which rely on a decentralized oracle network to connect the physical world with the digital world.

At inception, Chainlink's Price Reference Data will be used to provide price insights into Gold: USD and Silver: USD on Mettalex, a decentralized crypto and commodities derivatives trading platform powered by Fetch.

"By referencing Chainlink's price feeds on assets and commodities such as Gold and Silver we will be able to enhance the relationship between traders on Mettalex's first of its kind commodities exchange," explained Sheikh in a statement.

Decentralized price feeds are important in building a truly-accessible and verifiable financial system.