U.S.-based ULedger and Fetch.AI, a UK-based firm backed by Outlier Ventures, have teamed up to reduce the inefficiencies associated with human involvement in the digital economy.

Under the partnership, ULedger will combine its blockchain protocol with Fetch’s unique Smart Ledger, which incorporates machine learning and artificial intelligence (AI).

The Fetch system allows digital entities, representing IoT machines, to interact and transact independently of human interaction, while maintaining a verifiable record of the order of these transactions. The integration of ULedger’s technology will allow it to consume centralized real-world data from IoT devices and other data sources in a provable manner, bringing Fetch’s vision for an autonomous machine economy another step closer to realization.

“Any and all blockchains that need independent verifiability of off-chain data across chains can benefit from ULedger’s technology. Partnering with a pioneering company like Fetch is a vital step in proving how flexible and adaptive our proprietary technology really is. Fetch’s concept of an open economic ledger is likely to be revolutionary in the process of moving towards autonomous marketplaces void of human error,” Josh McIver, ULedger’s CEO, said.

ULedger’s users, on the other hand, will benefit from being able to connect their data to the Fetch digital world where autonomous agents can ensure it achieves its optimal value. Together, these technologies can scale to millions of transactions per second at near zero cost, according to the official release.

“Fetch provides a vast digital world for ULedger’s customer’s data alongside unparalleled opportunities to build and use collaborative prediction models. Fetch’s users and its networks benefit from a concrete solution to the data oracle problem — an interface between the Fetch world and the real world,” Toby Simpson, CTO of Fetch said.

As the first use case of this partnership, ULedger and Fetch are enabling the participants of the automotive blockchain consortium Mobility Open Blockchain Initiative (MOBI) to enable payments and data-sharing between cars. With the coupling of Fetch and ULedger’s technology, data generated from cars can create a real-time, connected system that can make the road safer through actions such as communicating weather updates or negotiating rights of way with other cars.