The Effect Network has finally been launched. Effect.AI uses Blockchain to create a decentralized platform for Artificial Intelligence that makes all algorithms open and accessible to all. Since most intelligent algorithms are hidden from the public, the Effect.AI network aims to break this knowledge and accessibility gap caused by a somewhat monopolization of this knowledge by bigger corporations.
Despite the vast advantages of Artificial Intelligence, the problems of Data Processing, diverging tasks and that of Computational cost has been a huge draw back. Effect.AI provides solution to these problems.
There are three phases of the Effect Network which have no fees, have a very low barrier entry and offer fast growth to users. The phases are:
EFFECT MECHANICAL TURK
The M-Turk is the first phase of the project. It is a decentralized peer to peer Market place for tasks that require Human intelligence. It boasts similar functions obtainable to Amazon Mechanical turk, guru.com and a host of others. As a crowdsourcing platform, Requesters (Those who need tasks to be done) can meet with workers (Those who get tasks done) on the EMT network. Requesters can determine the amount to be paid for each task completed and workers get paid in EFX tokens. Workers can work from anywhere in the world at anytime with any device. The tasks are called Human Intelligence tasks(HIT).
EFFECT SMART MARKET
In this second phase, an AI developer can register his application on the platform with necessary information specifying usage and fee for consumers. This application can now be used through Smart Contracts on the Blockchain. The Requester would then transfer the specified funds to the worker who is the owner of the contract and would then receive an authorization token that enables him to make use of the application. The main points of the ESM are the application registry and the endpoints. The registry maintains a list of available applications and the endpoint
EFFECT POWER
Based on popular deep learning networks like Tensor Flow and MXNet by the effect decentralized engine gives it the attribute to disburst both symbolic and non-symbolic quantity processing of all A.I without infirmity.
I am very curious to see how this project will advance with time. Adding this one to my favorite watch list....
This project is so promising. I see this project has a big community. Cant wait to see the token is distributed. I hope I will get some benefit.