Autonomous Economic Agent (Aea)
| An Autonomous Economic Agent (AEA) is a software entity created by Fetch.ai and the IOTA foundation that can act on its own, without external input, for the owner's benefit. AEAs are designed to be able to autonomously conduct economic activity, such as buying, selling, or trading, on behalf of their owner. This means that they can interact with other software entities, humans, or even physical objects, in order to carry out their owner's wishes. The benefits of having an AEA are numerous. For example, they can help to save time and money by carrying out tasks that would otherwise require human intervention. They can also help to increase efficiency and accuracy by eliminating the need for manual input and processing. AEAs are still in the early stages of development and are not yet widely available. However, as they become more refined and more widely adopted, they are likely to have a major impact on the economy and the way we conduct business. |
Share this glosssary
