Fetch.ai and LiquidChefs Partner to Enable Sustainable AI-Powered Supply Chain Services
This partnership paves the way for increased transparency within supply chains using autonomous economic agents and will be showcased at WEF Davos 2022
Fetch.ai, a Cambridge-based artificial intelligence lab building an open-access decentralized machine learning network for smart infrastructure, has announced a partnership with LiquidChefs, an on-location food beverage services company.
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One of the main challenges facing modern supply chains is access to data, which is crucial for effective decision-making. This data is not always available as supply chains lack transparency due to their sheer size and other complexities. As a result, many organisations are faced with an assortment of manual and digital systems that effectively trap information within functional silos, hampering the decision-making process by providing an incomplete picture.
The partnership between Fetch.ai and LiquidChefs aims to utilize Fetch.ai’s Autonomous Economic Agents integrated with its Search and Discovery Framework to build local and transparent supply chains, allowing LiquidChefs to search and connect with any sustainable supplier in its immediate vicinity. At launch, it will support a select number of suppliers including Bäckerei-Konditorei-Café Weber, BierVision Monstein AG, Black Peak Brauerei, Adank Davos AG, and Liberty Coffee Roasters.
By digitalising and automating the LiquidChefs supply chain, Fetch.ai infrastructure will create a decentralised supply chain marketplace. This marketplace connects buyers and suppliers digital agents, in real time, to support dynamic, scalable, multi-agent supply chains. This will allow individuals, organisations and assets to be represented as digital agents which work autonomously based on the users’ needs and preferences, such as finding local and sustainable suppliers. The decentralized supply chain marketplace will be showcased at the Davos World Economic Forum in 2022.
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“The pandemic has exposed the challenges and risks of supply chains in particular, the over-reliance on centralized locations as a source of critical products,” said Humayun Sheikh, CEO of Fetch.ai. “Through this partnership with LiquidChefs, Fetch.ai will create a more reliable, transparent and efficient supply chain which will trace the sustainability of products and services.”
“The nature of hospitality is collaborative and this understanding is integral to create sustainable spaces in our industry. We are excited to partner with Fetch.ai and incorporate cutting edge technologies like Blockchain, Multi-agent systems, and AI to create verified and transparent supply chains for our services,” said Adam Solomon, Director of LiquidChefs.
