Blockchain firm Fetch AI’s “Deep Parking System” in Tesla

Fetch AI blockchain firm contributed to the Tesla-like big motor cars to make them more advanced.

Fetch AI is a blockchain firm and they are known for their blockchain related development programs and analysis. Right now they are in the spotlight because of their involvement in the Tesla motors, BMW like brands. This blockchain firm has its native coin also, FET coin.

“Deep parking systems” program, which is powered by the Fetch AI blockchain firm. This deep parking system is totally based upon the blockchain technology and it gives ease for the card driver to get the real time information about the free parking space, so that the card driver can book the slot. 

Obviously, this is a solution to the busy location of high-tech cities where people face problems to park their vehicles. 

Humayun Sheikh, Ceo of Fetch AI, said that this application is specially designed and integrated in Tesla, a BMW, and a Jaguar iPace like cars. 

Sheikh also explained that the company uses blockchain-powered autonomous economic agents, in this application, that helps to give real time streaming of the information of free parking spaces. 

And also he said that, This program can also work as an artificial agent which can forecast the free parking space. 

Fetch’s Native coin FET 

During the market crash on 8 September, FET coin was getting a huge surge in price and almost everyone in the market was thinking about why this coin is booming amid a huge crash. But it seems that “Deep parking systems” is basically the real reason for the surge in FET coin. 

Right now the price of FET is $0.9392.

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