What problem does this service solve?

Safex wants to use blockchain to reduce costs and increase transparency in e-commerce.Fetch.AI's decentralized data marketplace will use real-time AI optimization to add efficiency and create value.

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Company Description

Safex is developing a decentralized marketplace with an emphasis on privacy, anonymity, and a secure listings. The Safex ecosystem is powered by the SAFEX coin, which has a Proof-of-Work (PoW) consensus mechanism. The decentralized marketplace will require all listings to be curated by a centrally managed system that will be based on participants staking each listing.

Fetch.AI is developing a decentralized, AI optimized marketplace for data. Trading on their decentralized network will be performed by Autonomous Economic Agents (AEAs), that will execute transactions without human intervention. These agents will perform tasks, such as delivering data or providing services, and will receive Ethereum-based Fetch tokens as an incentive. Fetch.AI's Open Economic Framework (OEF) will use AI and blockchain to enable these autonomous agents to optimize trading activity in real time.

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