Autonomous Economic Agent (AEA)

An Autonomous Economic Agent (AEA) is a solution, often implemented as a software entity, developed by organizations like Fetch.ai and the IOTA Foundation. These AEAs are designed to perform economic actions autonomously, leveraging their own intelligence and predefined rules for the economic benefit of their owners. They operate in the context of blockchain and decentralized technologies, where they can autonomously interact with other smart contracts and decentralized applications without requiring external human input. This autonomy allows AEAs to execute a wide range of economic activities, such as trading, lending, portfolio management, and more, based on their internal logic and the conditions they are programmed to follow. Their operations take place in decentralized and trustless environments, and they are central to the automation and optimization of various financial and non-financial processes. Machine learning and artificial intelligence techniques may be integrated into AEAs to enhance their decision-making capabilities, enabling them to adapt and learn from data for more sophisticated and intelligent economic actions.