A group of leading Turkish steel makers and traders, including Baştuğ Metallurgy, have entered into a coalition with artificial intelligence lab Fetch.ai to help develop the world's first decentralized, blockchain-based and AI-powered, tokenized metals exchange. The steel mills and trading firms plan to begin trial transactions on the innovative platform next week. "I am extremely pleased to be working with Baştuğ and the other steel mills and trading companies which are part of the consortium," said Fetch.ai CEO Humayun Sheikh. "Having them on board is a testament to the strength of our project and will speed up our efforts in building this revolutionary marketplace. The decentralized exchange will change the way metals and other commodities are traded and funded."